IASIS Healthcare Completes Sale of Florida Hospitals
<0> IASIS Healthcare® LLC:W. Carl Whitmer, 615-844-2747President and Chief Executive OfficerorJohn M. Doyle, 615-844-2747Chief Financial Officeror:Michele M. Simpson, 615-467-1255VP, Corporate Communications </0>
IASIS Healthcare® LLC (“IASIS”), a leading provider of high quality, affordable healthcare services, today announced the completion of the previously announced sale to HCA West Florida of IASIS’ three Florida hospitals, Palms of Pasadena Hospital, Memorial Hospital of Tampa and Town & Country Hospital.
Terms of the transaction were not disclosed. IASIS intends to use proceeds from the sale of its Florida market, along with proceeds from last week’s unrelated sale-leaseback transaction, in a variety of strategic initiatives aimed at, among other things, growth in existing markets and expansion into new markets.
IASIS Healthcare, located in Franklin, Tennessee, is a leading provider of high quality, affordable healthcare services in urban and suburban markets. With total annual net revenue of approximately $2.4 billion, IASIS owns and operates 16 acute care hospitals, one behavioral health hospital, several outpatient service facilities, more than 140 physician clinics, and Medicaid and Medicare managed health plans in Arizona and Utah that serve more than 176,000 members. IASIS’ healthcare facilities offer a variety of access points for convenient patient care in numerous regions across the U.S., including: Salt Lake City, Utah; Phoenix, Arizona; five cities in Texas, including Houston and San Antonio; Las Vegas, Nevada; and West Monroe, Louisiana. For more information on IASIS, please visit the Company’s Web site at .