CENTENNIAL, COLO. and SALT LAKE CITY, UTAH, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Centura Health, one of its two joint operating sponsors, CommonSpirit Health, and Steward Health Care announced today that they have signed an asset purchase agreement (APA) for CommonSpirit Health to acquire Steward’s Utah care sites, which include five hospitals, more than 35 medical group clinics, and a clinically integrated network of care providers. Centura Health will manage the assets. The five hospitals and their affiliated clinics included in the agreement are Davis Hospital and Medical Center in Layton, Jordan Valley Medical Center in West Jordan, Jordan Valley Medical Center-West Valley Campus, Mountain Point Medical Center in Lehi and Salt Lake Regional Medical Center in Salt Lake City.
“We are excited to welcome the physicians and associates of these essential hospitals, clinics, and outpatient ventures to our connected ecosystem of 21,000 incredible people,” said Peter D. Banko, President & CEO of Centura Health. “Returning to the Mission, as well as purpose and values-driven leadership, started by the Sisters of the Holy Cross in 1875 in Salt Lake City will only serve to further build whole person care and flourishing communities served by these important health ministries. We look forward to supporting, nurturing, and learning from the more than 3,000 caregivers and continuing the longstanding legacy of caring for communities throughout Utah.”
At the close of the transaction, which is expected to be finalized later this year, Steward’s Utah assets will become a part of Centura and CommonSpirit Health. They will be managed by Centura Health and wholly owned by CommonSpirit Health. CommonSpirit is a nonprofit, Catholic health system with more than 2,000 care sites across 22 states. Centura has been serving the communities of Colorado and western Kansas since 1882, when its health ministries in Durango, Colo. and Pueblo, Colo. were founded by religious Sisters. Centura, a Christian-based health system, headquarters in Centennial, Colo. and includes 20 hospitals, 260 clinics, more than 1,000 Centura Health Physician Group providers, urgent care and emergency centers, Flight For Life® and more.
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Since 2017, Steward has invested heavily to enhance operations and position these facilities as exceptional performers for the communities of Utah, including implementing numerous quality care initiatives that have garnered third-party clinical recognitions and improved financial performance.
