NASHVILLE, Tenn.--(BUSINESS WIRE)--Jul. 18, 2013--
HCA (NYSE:HCA) and IASIS Healthcare® LLC (“IASIS”) today announced the
signing of a definitive agreement for the sale of three Tampa Bay
hospitals—Palms of Pasadena Hospital, Memorial Hospital of Tampa and
Town & Country Hospital—by IASIS to HCA West Florida.
Palms of Pasadena Hospital is a 307-bed facility in St. Petersburg.
Memorial Hospital of Tampa and Town & Country Hospital are located in
Tampa and have 183 and 201 beds, respectively. Upon closing of this
transaction, the three hospitals will become part of HCA West Florida.
“As members of the IASIS Healthcare family of hospitals for 14 years,
Memorial Hospital of Tampa, Palms of Pasadena Hospital and Town &
Country Hospital have been an important part of our company’s history
and success, and we are proud of what they have accomplished,” said
IASIS Healthcare President and Chief Executive Officer Carl Whitmer.
“This transaction is an example of how ongoing changes in the healthcare
industry are creating a variety of opportunities for health systems
across the country to evolve their care delivery models. And as such,
recent assessments of our strategic growth plans in new and existing
markets coupled with HCA’s scale and complementary capabilities in
Florida make this the appropriate time to change ownership of these
three important community hospitals.”
“Palms of Pasadena Hospital, Memorial Hospital of Tampa and Town &
Country Hospital have strong traditions of caring for their communities
for many years,” said Peter A. Marmerstein, President of HCA’s West
Florida Division. “These hospitals will enhance our ability to serve
patients throughout the Tampa Bay and St. Petersburg area, and we look
forward to welcoming them to HCA West Florida.”
Last year, HCA West Florida hospitals provided care to 1.2 million
patients. With this acquisition, HCA West Florida will be expanded to
include 19 hospitals and 16 ambulatory surgery centers in West and
IASIS and HCA are working closely to ensure a smooth transition for the
hospital employees, patients and communities served by these three
Subject to customary regulatory approvals and closing conditions, this
transaction is expected to close prior to year end. Terms of the
agreement were not disclosed.
All references to “HCA” as used throughout this release refer to HCA
Holdings, Inc. and its affiliates.
About HCA West Florida:
HCA’s West Florida Division provides a complete continuum of high
quality programs and services to meet the healthcare needs of residents
and businesses throughout west and central Florida, caring for 1.2
million patients last year. HCA West Florida has 16 hospitals (including
Poinciana Medical Center opening summer 2013), 16 ambulatory surgery
centers, numerous diagnostic imaging and occupational health sites,
physician practices, medical education and teaching programs, a regional
lab, and consolidated service center. Twelve HCA West Florida hospitals
were recently named Top Performers on Key Quality Measures™ by
The Joint Commission. With an economic impact exceeding $1.8 billion in
2012, HCA West Florida is affiliated with HCA, a leading comprehensive,
integrated provider of healthcare and related services. In Florida, HCA
is one of the largest employers and healthcare providers, operating
10,335 licensed beds in 38 hospitals with a staff exceeding 50,918
employees and an economic impact of $14.5 billion.
About IASIS Healthcare:
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 $2.6 billion,
IASIS owns and operates 19 acute care hospitals, one behavioral health
hospital, several outpatient service facilities, more than 160 physician
clinics, and Medicaid and Medicare managed health plans in Arizona and
Utah that serve more than 174,000 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; Tampa-St. Petersburg, Florida; 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 www.iasishealthcare.com.
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Ed Fishbough, 615-344-2810