Surgery Partners Sells Idaho Falls Facilities for $1.15 Billion — Surgery Partners, Inc.

Event summary

Surgery Partners to sell Idaho Falls facilities to Intermountain Health for $1.15 billion, with Surgery Partners receiving approximately $795 million in consideration.
Transaction subject to physician approvals, regulatory clearances, and other closing conditions, expected to close in coming months.
Deal represents largest step in Surgery Partners' portfolio optimization strategy, focusing on ambulatory surgery center growth.
Company reaffirms 2026 guidance excluding transaction impact: revenues of $3.35B–$3.45B and Adjusted EBITDA of at least $530 million.

The big picture

This sale marks a significant step in Surgery Partners' strategy to streamline operations and focus on high-growth ambulatory surgery centers. The $1.15 billion deal reflects broader healthcare consolidation trends, as regional health systems like Intermountain Health expand their footprint. The transaction's completion will hinge on navigating regulatory hurdles and securing physician approvals.

What we're watching

Regulatory Approvals: Whether the transaction receives necessary physician, regulatory, and third-party consents in a timely manner.
Portfolio Strategy: How Surgery Partners deploys proceeds to accelerate growth in high-value ambulatory surgery center space.
Financial Impact: The expected financial impact of the transaction on Surgery Partners' 2026 outlook once details are disclosed.