SGRY · Surgery Partners, Inc.

On July 21, 2026, Surgery Partners placed into escrow signature pages for two Securities Purchase Agreements with Intermountain Health to sell its ownership stakes in Mountain View Hospital and Idaho Falls Community Hospital. The combined enterprise value is approximately $1.15 billion, with Surgery Partners receiving roughly $795 million in total consideration, subject to customary adjustments for debt, working capital, and transaction expenses. The transaction underscores Surgery Partners' strategic pivot to its higher-growth ambulatory surgery center portfolio, as highlighted by CEO Eric Evans, who noted that these hospital assets are 'best positioned for their next chapter of growth with an outstanding regional health system.' Completion is contingent on receipt of requisite physician approvals from Mountain View Hospital's physician members and governing board, after which the escrowed signature pages will be released and the agreements become binding. Additional conditions include expiration of HSR waiting periods, other regulatory clearances, and material third-party consents. The deal is expected to close in the coming months. If it fails to close within 60 days post-release, either party may terminate. The company reaffirmed its 2026 guidance (excluding the transaction) of $3.35-$3.45 billion in revenue and at least $530 million in Adjusted EBITDA, indicating confidence in its core business despite the divestiture. This sale is a critical milestone in Surgery Partners' portfolio optimization, simplifying operations and sharpening focus on its ambulatory surgery network.