Steward Health Care Completes Sale of its Utah Health Care Sites to CommonSpirit Health
01 May 2023
Acquisition
DALLAS--(BUSINESS WIRE)--Steward Health Care, the country’s largest physician-led, minority-owned, integrated health care system, today announced that it had completed the sale of its Utah health care sites to CommonSpirit Health, through its wholly owned subsidiary, Catholic Health Initiatives Colorado. The hospitals and clinics will be managed under Centura Health, the region’s leading health system. This strategic transaction allows for Steward to reinvest in its nationally recognized model of providing value-based care in communities across the other regions it operates.
Effectively immediately, Steward’s Utah health care sites – including five hospitals, over 35 medical group clinics, imaging and urgent care centers, and other outpatient ventures are part of CommonSpirit Health’s national health system. This includes Davis Hospital and Medical Center, Salt Lake Regional Medical Center, Jordan Valley Medical Center, Jordan Valley Medical Center-West Valley Campus, and Mountain Point Medical Center and associated clinics and outpatient centers.
“We are pleased to have found the right partner for our Utah hospitals,” said Brian Dunn, Regional President, Steward Health Care. “We are extremely proud of what we’ve accomplished in Utah since acquiring the system in 2017, and we want to extend our deep thanks to our colleagues whose commitment and excellence has made a difference to patients and the local community every day since.”
“This transaction continues Steward’s stated strategic plan to focus on and invest in value-based care. We look forward to increasing our presence and financial commitment in our holistic integrated care model, for which we continue to lead the industry,” said Ralph de la Torre, Chairman of Steward Health Care.
About Steward Health Care
Nearly a decade ago, Steward Health Care System emerged as a different kind of health care company designed to usher in a new era of wellness. One that provides our patients better, more proactive care at a sustainable cost, our providers unrivaled coordination of care, and our communities greater prosperity and stability.
As the country’s largest physician-led, minority-owned, integrated health care system, our doctors can be certain that we share their interests and those of their patients. Together we are on a mission to revolutionize the way health care is delivered - creating healthier lives, thriving communities and a better world.
Steward is among the nation’s largest and most successful accountable care organizations (ACO), with more than 5,500 providers and 43,000 health care professionals who care for 12.3 million patients a year through a closely integrated network of hospitals, multispecialty medical groups, urgent care centers, skilled nursing facilities and behavioral health centers.
Based in Dallas, Steward currently operates 33 hospitals across Arizona, Arkansas, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania, and Texas.
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