M&A Deal Summary

HCA Healthcare Acquires Steward Health Care - Five Utah Hospitals

On September 20, 2021, HCA Healthcare acquired healthcare services company Steward Health Care - Five Utah Hospitals from Steward Health Care

Acquisition Highlights
  • This is HCA Healthcare’s 9th transaction in the Healthcare Services sector.
  • This is HCA Healthcare’s 14th transaction in the United States.
  • This is HCA Healthcare’s 4th transaction in Texas.

M&A Deal Summary

Date 2021-09-20
Target Steward Health Care - Five Utah Hospitals
Sector Healthcare Services
Buyer(s) HCA Healthcare
Sellers(s) Steward Health Care
Deal Type Divestiture

Target

Steward Health Care - Five Utah Hospitals

Dallas, Texas, United States
Steward Health Care’s five Utah hospitals provide healthcare services in Arizona, Texas, Arkansas, Louisiana, Florida, Ohio, Pennsylvania, and Massachusetts.

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Buyer(S) 1

Buyer

HCA Healthcare

Nashville, Tennessee, United States

website


Category Company
Founded 1968
Sector Healthcare Services
Employees207,000
Revenue 60.2B USD (2022)
DESCRIPTION

HCA Healthcare is a national healthcare service provider. HCA operates general and acute care hospitals with a full range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by general, acute care hospitals, freestanding surgery centers, diagnostic centers, and rehabilitation facilities. HCA's psychiatric hospitals provide a full range of mental health care services through inpatient, partial hospitalization and outpatient settings. HCA Healthcare was formed in 1968 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 15 of 16
Sector (Healthcare Services) 9 of 10
Type (Divestiture) 7 of 7
State (Texas) 4 of 4
Country (United States) 14 of 15
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Redmond Regional Medical Center

Rome, Georgia, United States

Redmond Regional Medical Center is a 230-bed facility, serving as a regional referral source for all of northwest Georgia and parts of Alabama. Redmond offers a full array of inpatient and outpatient programs, many of which are unique to the northwest Georgia region. Redmond Regional Medical Center was founded in 1972 and is based in Rome, Georgia.

Sell $635M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 MD Now Urgent Care

West Palm Beach, Florida, United States

MD Now Urgent Care offers a patient-friendly and differentiated healthcare alternative by providing high-quality, convenient, timely, and affordable medical treatment for non-life-threatening injuries and illnesses 8 am-8 pm, 365 days per year, annually serving hundreds of thousands of patients with exemplary satisfaction ratings. MD Now Urgent Care was founded in 2005 and is based in West Palm Beach, Florida.

Buy -

Seller(S) 1

SELLER

Steward Health Care

Dallas, Texas, United States

website


Category Company
Founded 2010
Sector Healthcare Services
DESCRIPTION

Steward Health Care is the largest private, tax-paying physician-led health care network that operates 37 hospitals in the United States and the country of Malta that regularly receive top awards for quality and safety. Steward Health Care was founded in 2010 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 4
Sector (Healthcare Services) 1 of 3
Type (Divestiture) 2 of 4
State (Texas) 1 of 2
Country (United States) 2 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Steward Health Choice Arizona

Phoenix, Arizona, United States

Steward Health Choice Arizona is a managed care health plan that provides health care to people in Arizona's Medicaid Program, Arizona Health Care Cost Containment System (AHCCCS). Steward Health Choice Arizona was formed in 1990 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Steward Health Care System - Medicare Value-Based Care Business

Dallas, Texas, United States

Steward Health Care System's Medicare Value-Based Care Business is a senior-focused value-based care platform in the U.S. across Medicare Advantage, DCE/ACO REACH and MSSP.

Sell $25M