Healthcare DIVE December 16, 2021
Dive Brief:
- Intermountain Healthcare and Colorado-based SCL Health signed a definitive agreement Wednesday to move forward with merger plans to create an $11 billion health system spanning six states.
- The deal is expected to close next April. Financial terms were not disclosed.
- Intermountain CEO Marc Harrison will serve as the leader of the combined organization.
Dive Insight:
Intermountain has been on the hunt for a deal to expand its reach and finally found a partner in SCL Health. The move will expand its presence to three additional states: Colorado, Montana and Kansas.
Together, the two will operate 33 hospitals, 385 clinics and a health plan that covers roughly 1 million people.
Intermountain previously courted South Dakota-based Sanford Health...
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