by Dave Muoio | September 21, 2021
HCA Healthcare has signed a deal to acquire the operations of five Utah hospitals from Steward Health Care, the companies announced Monday.
Terms of the deal were not disclosed. The purchase is subject to regulatory review and is accompanied by a concurrent real estate leasing deal with the buildings’ owner, the companies said.
“Utah is one of the fastest-growing areas in the country, and the state’s need for healthcare continues to increase,” said Sam Hazen, CEO of HCA Healthcare, in a statement. “We believe the addition of these facilities will help us improve healthcare network options for patients and enable investment in services to meet increasing demand for healthcare. We look forward to welcoming them to the HCA Healthcare family.”
The new hospitals are set to bolster HCA’s Mountain Division, which currently spans 11 hospitals in Utah, Idaho and Alaska. The deal would bring the chain’s total number of Utah hospitals up to seven.
Nashville, Tennessee-based HCA Healthcare currently runs 187 hospitals and roughly 2,000 ambulatory care sites. The for-profit system brought in $51.5 billion in total revenue last year.