Iasis Healthcare

Last updated
IASIS Healthcare
Type LLC
Industry Health care
Founded1998
Headquarters,
Number of locations
18
Key people
W. Carl Whitmer (CEO)
RevenueIncrease2.svg US$3.3 billion (2017)
Owner TPG Capital
Number of employees
13, 700 (2017) [1]
Website http://www.iasishealthcare.com

IASIS Healthcare, located in Franklin, Tennessee, was the for-profit owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. IASIS owns or leases 17 acute care hospital facilities and one behavioral health hospital facility with a total of 3,581 licensed beds and has total annual net revenue of approximately $3.2 billion. These hospital facilities are located in five regions: Salt Lake City, Utah; Phoenix, Arizona; five cities in Texas, including Houston and San Antonio; West Monroe, Louisiana; and Woodland Park, Colorado. IASIS also owns and operates Health Choice Arizona, a Medicaid and Medicare managed health plan in Phoenix that serves more than 197,000 members. IASIS Healthcare, its assets and employees have since merged with Steward Health Care System of Florida, the largest private operator of hospitals in the nation. The deal was estimated to be worth $2 billion. [2]

Contents

Company Background

Founded in 1998, IASIS Healthcare is an owner and operator of community-focused hospitals in high-growth markets. IASIS Healthcare began principal operations in October 1999, in transactions arranged by the management team and Joseph Littlejohn & Levy. In 2004, Texas Pacific Group, a private equity firm managing over $13 billion in assets, led a group of investors to acquire IASIS. In February 2015, it filed for an initial public offering. [3]

IASIS Healthcare Foundation

The IASIS Healthcare Foundation is a charitable organization that was created in an effort to provide healthcare services, supplies and training to disadvantaged regions around the world. The Foundation's first mission was a trip to the Serengeti Region in the east African nation of Tanzania. Since then, the foundation has provided aid to Haiti after the devastating earthquake as well as the Democratic Republic of the Congo.

Hospitals

HospitalCityStateAcquired/DivestedAcquired from/Divested toBeds
Davis Hospital and Medical Center Layton Utah 1998Paracelsus Healthcare Corp220
Jordan Valley Medical Center West Jordan Utah 1998Paracelsus Healthcare Corp172
Jordan Valley Medical Center- West Valley West Valley City Utah 1998Paracelsus Healthcare Corp102
Mountain Point Medical Center Lehi Utah Opened June 2015Newly constructed campus of Jordan Valley Medical Center40
Salt Lake Regional Medical Center Salt Lake City Utah 1998Paracelsus Healthcare Corp158
Mountain Vista Medical Center Mesa Arizona 1999 Tenet Healthcare 178
St. Luke's Medical Center Phoenix Arizona 1999 Tenet Healthcare 200
St. Luke's Behavioral Health Center Phoenix Arizona 1999 Tenet Healthcare 124
Tempe St. Luke's Hospital Tempe Arizona 1999 Tenet Healthcare 87
Odessa Regional Medical Center Odessa Texas 1999 Tenet Healthcare 225
Southwest General Hospital San Antonio Texas 1999 Tenet Healthcare 327
St. Joseph Medical Center Houston Texas 2011 Hospitals Partners of America 790
The Medical Center of Southeast Texas Port Arthur Texas 1999 Tenet Healthcare 199
The Medical Center of Southeast Texas—Victory Campus Beaumont Texas 2015physicians group17
Wadley Regional Medical Center Texarkana Texas 2010 Brim Holdings 370
Glenwood Regional Medical Center West Monroe Louisiana 2006Hospital Service District278
Wadley Regional Medical Center at Hope Hope Arkansas 2010James Cheek79
Pikes Peak Regional Medical Center Woodland Park Colorado 2010 Brim Holdings 15
Pikes Peak Regional Medical Center Woodland Park Colorado 2010 Brim Holdings 15
Palms of Pasadena Hospital St. Petersburg Florida 1999/2013 Tenet Healthcare/Hospital Corporation of America 307
Memorial Hospital of Tampa Tampa Florida 1999/2013 Tenet Healthcare/Hospital Corporation of America 183
Town and Country Hospital Tampa Florida 1999/2013 Tenet Healthcare/Hospital Corporation of America 201
North Vista Hospital Las Vegas Nevada 1999/2014 Tenet Healthcare/Prime Healthcare Services 177

See also

Related Research Articles

Shriners Hospitals for Children

Shriners Hospitals for Children is a network of 22 non-profit medical facilities across North America. Children with orthopaedic conditions, burns, spinal cord injuries, and cleft lip and palate are eligible for care and receive all services in a family-centered environment, regardless of the patients' ability to pay. Care for children is usually provided until age 18, although, in some cases it may be extended to age 21.

Tenet Healthcare American healthcare company

Tenet Healthcare Corporation is a multinational investor-owned healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries, joint ventures, and partnerships, including United Surgical Partners International (USPI), the company operates 65 hospitals and approximately 500 other healthcare facilities. Tenet also operates Conifer Health Solutions, which provides healthcare support services to health systems and other clients.

Intermountain Healthcare Healthcare organization in Utah, Idaho, and Nevada

Intermountain Healthcare is a not-for-profit healthcare system and is the largest healthcare provider in the Intermountain West of the United States. Intermountain Healthcare provides hospital and other medical services in Utah, Idaho, and Nevada and also offers integrated managed care under the insurance brand "SelectHealth". Intermountain Healthcare is headquartered in Salt Lake City, Utah, and has some 40,000 employees.

Primary Childrens Hospital Hospital in Utah, United States

Intermountain Primary Children's Hospital (PCH) is a nationally ranked pediatric acute care children's teaching hospital located in Salt Lake City, Utah. The hospital has 289 pediatric beds and is affiliated with the University of Utah School of Medicine. The hospital is a member of Intermountain Healthcare (IHC) and is the only children's hospital in the network. The hospital provides comprehensive pediatric specialties and subspecialties to infants, children, teens, and young adults aged 0–21 throughout the Salt Lake City and outer region. PCH also sometimes treats adults that require pediatric care. PCH is a ACS verified Level 1 Pediatric Trauma Center and is the largest providers of pediatric health services in the state. The hospital serves the states of Utah, Nevada, Idaho, Montana, and Wyoming, yielding an enormous geographic catchment area of approximately 400,000 square miles.

Vanguard Health Systems was an operator of hospitals and other medical facilities in five U.S. states: Arizona, Illinois, Massachusetts, Michigan, and Texas. The company's headquarters were located in Nashville, Tennessee. Vanguard owned twenty-six hospitals, including the ten Detroit Medical Center hospitals in Detroit, Michigan, five in San Antonio, Texas, four in the Chicago area, four in the Phoenix, Arizona area, and controlled an additional three hospitals through joint ventures, for a total of 6,201 licensed beds .

Banner Health is a non-profit health system in the United States, based in Phoenix, Arizona. It operates 28 hospitals and several specialized facilities across 6 states. The health system is the largest employer in Arizona and one of the largest in the United States with over 50,000 employees.

Utah Valley Hospital Hospital in Utah, United States

Utah Valley Hospital (UVH) is a 395-bed full-service tertiary and acute care referral center serving Utah County, central and southern Utah that is part of the Intermountain Healthcare system. It is a Level II Trauma Center. The name of the hospital was officially changed to Utah Valley Regional Medical Center (UVRMC).

The Salt Lake Regional Medical Center is a 158-bed hospital in Salt Lake City, Utah.

Catholic Health Initiatives

Catholic Health Initiatives (CHI) is a national Catholic healthcare system, with headquarters in Englewood, Colorado. CHI is a nonprofit, faith-based health system formed, in 1996, through the consolidation of three Catholic health systems. It is one of the nation's largest healthcare systems. In February 2019, CHI merged with Dignity Health, forming CommonSpirit Health.

Abrazo Community Health Network is one of the largest health care delivery system in Arizona, United States. Abrazo Community Health Network is located in Phoenix, Arizona and was established in 2003. The Abrazo system comprises five acute care hospitals including one cardiovascular-specialty hospital. The health care system offers a broad range of medical services, including cardiology, internal medicine, general surgery, orthopedics, neurology, obstetrics, bariatric, oncology, women’s health, diagnostic imaging, acute inpatient rehabilitation, outpatient rehabilitation, outpatient services, Level 1 Trauma Center and emergency care. In addition to the hospitals, Abrazo Community Health Network includes primary and specialty care physician offices, urgent care offices and emergency centers.

Abrazo Central Campus Hospital in Arizona, United States

Abrazo Central Campus is a 216-bed acute care facility and teaching hospital located in Phoenix, Arizona, United States.

Steward Health Care System

Steward Health Care is the largest physician-owned private for-profit health care network in the United States and attends to 2.2 million people during more than twelve million physician and hospital visits annually. Headquartered in Dallas, Steward's integrated health care model employs 40,000 people at thirty-five hospitals and hundreds of urgent care, skilled nursing, and primary and specialty care medical practice locations across eleven states and the country of Malta. Steward Health Care is led by CEO Ralph de la Torre, a Cuban-American physician, engineer and cardiac surgeon.

Mercy Gilbert Medical Center is a full-service, 212-bed, acute care, not-for-profit hospital providing healthcare to the East Valley of the Phoenix Arizona metropolitan area. Services offered include cardiovascular, emergency, family birth center, gastroenterology, pediatric and adolescent, sleep center, orthopedics, and diagnostic services, among others. The hospital is a member of Dignity Health, one of the largest healthcare systems in the west with 40 hospitals in Arizona, California and Nevada.

St. Joseph Medical Center (Houston) Hospital in Texas, United States

St. Joseph Medical Center (SJMC) is a general acute care hospital in Houston, Texas owned by Steward Health Care. Established in June 1887, SJMC is recognized as the first hospital in Houston. A new hospital was constructed in 1894, but was destroyed by fire soon thereafter. The hospital was rebuilt and it underwent major expansions in 1905 and 1938. The hospital was the largest in the city until the Texas Medical Center was established. The hospital has a capacity of 792 beds. A second location opened in the Houston Heights in 2012.

Abrazo Scottsdale Campus is an acute care hospital located in Phoenix, Arizona, in the United States. Abrazo Scottsdale Campus offers orthopedic services, sports medicines, rehabilitation services, diagnostic imaging, surgical weight loss procedures, women's health services, da Vinci Surgical System, and 24-hour emergency care.

Medical Properties Trust

Medical Properties Trust, Inc., based in Birmingham, Alabama, is a real estate investment trust that invests in healthcare facilities subject to NNN leases. The company owns properties in the United States, Australia, Colombia, Germany, Italy, Portugal, Spain, Switzerland, and the United Kingdom.

Chandler Regional Medical Center is a full-service, acute care, not-for-profit hospital providing healthcare to the East Valley of the Phoenix Arizona metropolitan area. Services offered include cardiovascular, emergency care with a level I trauma center, family birth center, gastroenterology, pediatric and adolescent, sleep center, orthopedics, and diagnostic services. The hospital is a member of Dignity Health, one of the largest healthcare systems in the west with 40 hospitals in Arizona, California and Nevada.

References

  1. https://www.forbes.com/companies/iasis-healthcare/#39001b1b5c69
  2. "Steward closes $2B acquisition of Iasis' 18 hospitals". Modern Healthcare. 2 October 2017.
  3. Snyder, Eric; Kennedy, Eleanor (2 Feb 2015). "Iasis files for $100M IPO". Nashville Business Journal. Retrieved 17 March 2015.