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NewsMacro · SGRY

SGRY: Surgery Partners agrees to sell Idaho Falls hospitals to Intermountain Health for $795 million

A $1.15 billion combined valuation of two Idaho hospital properties is in focus for SGRY holders, after Surgery Partners, Inc. placed signature pages into escrow on definitive agreements to sell its ownership stakes in Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health. Total consideration to Surgery Partners is approximately $795 million. The next confirmable milestone: binding Securities Purchase Agreements, contingent on physician member and governing board approvals at Mountain View Hospital.

By Nadia PetrovaMacro DeskJuly 24, 20262 min readSGRY
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Key takeaways

  • Surgery Partners has placed signature pages into escrow on definitive agreements to sell its ownership stakes in Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health for approximately $795 million in total consideration.
  • The two Idaho Falls facilities carry a combined valuation of $1.15 billion, employ more than 150 physicians, hold 126 beds, and cover nine surgical specialties.
  • Surgery Partners reaffirmed its 2026 outlook of $3.35 billion to $3.45 billion in revenue and at least $530 million in Adjusted EBITDA, both excluding any impact from this transaction.
  • The deal requires Mountain View Hospital physician member and governing board approvals before binding Securities Purchase Agreements can be executed, and closing is contingent on Hart-Scott-Rodino waiting periods, other regulatory approvals, and third-party consents.
  • Surgery Partners expects the transaction to close in the coming months and will report second-quarter 2026 results on August 10, 2026.

A $1.15 billion combined valuation of two Idaho hospital properties is in focus for SGRY holders, after Surgery Partners, Inc. placed signature pages into escrow on definitive agreements to sell its ownership stakes in Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health. Total consideration to Surgery Partners is approximately $795 million. The next confirmable milestone: binding Securities Purchase Agreements, contingent on physician member and governing board approvals at Mountain View Hospital.

The deal structure

Physician ownership at Mountain View Hospital remains unchanged under the terms placed in escrow. Final net cash proceeds to Surgery Partners will differ from the $795 million headline once customary adjustments covering debt, working capital, transaction expenses, and other closing items are applied. The company said it cannot provide a reasonable estimate of final net proceeds at this time.

Idaho Falls footprint

Mountain View Hospital, founded in 2002, grew into a surgical hub and Level III NICU before Idaho Falls Community Hospital added acute care capacity when it opened in 2019. Together the two facilities employ more than 150 physicians, hold 126 beds, and cover nine surgical specialties, with additional lines spanning oncology, emergency department, ICU, and neonatology services.

2026 guidance stands, with a carveout

Surgery Partners reaffirmed its 2026 revenue outlook at $3.35 billion to $3.45 billion and Adjusted EBITDA of at least $530 million. Both figures exclude any anticipated impact from this transaction. Chief Executive Officer Eric Evans described the deal, conditional on physician partner approval, as the largest step in the company's portfolio optimization strategy to date, intended to sharpen focus on the ambulatory surgery center space. Surgery Partners said it will provide updated financial impact details at the appropriate time after close.

What to watch next

The path from escrow to close runs through several approvals. Mountain View Hospital physician members and the physician governing board must ratify the transaction before binding Securities Purchase Agreements can be executed, and closing is also contingent on expiration of applicable waiting periods under the Hart-Scott-Rodino Act, other material regulatory approvals, and certain third-party consents. Surgery Partners said it expects to close in the coming months. Investors get the next structured update on August 10, 2026, when Surgery Partners releases second-quarter 2026 results before the open and holds a conference call at 8:30 a.m. Eastern Time.

About this story

Filed by the macro desk of MarketPR on July 24, 2026. Source: MarketPR. Indicative figures are not investment advice.

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Frequently asked

How much is Intermountain Health paying to acquire the Idaho Falls hospitals?

Total consideration to Surgery Partners is approximately $795 million, though final net cash proceeds will differ after customary adjustments for debt, working capital, transaction expenses, and other closing items.

What happens to physician ownership at Mountain View Hospital?

Physician ownership at Mountain View Hospital remains unchanged under the terms placed in escrow.

Why is Surgery Partners selling these hospitals?

CEO Eric Evans described the deal as the largest step in the company's portfolio optimization strategy to date, intended to sharpen its focus on the ambulatory surgery center space.

What approvals are needed before the deal can close?

Mountain View Hospital physician members and the physician governing board must ratify the transaction, and closing is contingent on expiration of Hart-Scott-Rodino Act waiting periods, other material regulatory approvals, and certain third-party consents.

When will investors get the next update?

Surgery Partners will release second-quarter 2026 results before the open on August 10, 2026, followed by a conference call at 8:30 a.m. Eastern Time.