Healthcare DIVE September 21, 2021
Dive Brief:
- HCA Healthcare, one of the biggest hospital operators in the U.S., is acquiring Steward Health Care’s entire hospital footprint in Utah to meet rising demand in the state, the system announced Monday.
- The deal will add five hospitals to Nashville-based HCA’s Mountain Division, which currently includes 11 hospitals in Utah, Idaho and Alaska. The acquisition is attractive to HCA as “Utah is one of the fastest-growing areas in the country, and the state’s need for healthcare continues to increase,” HCA CEO Sam Hazen said in a statement.
- For its part, divesting the five Utah facilities will help Steward grow in other geographies and frees up capital for the Dallas-based system to invest more in its accountable care...
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