Intermountain Healthcare Reaches Agreement to Acquire HealthCare Partners Nevada
Intermountain Healthcare announced it has reached an agreement to acquire HealthCare Partners Nevada, a leading physician group and affiliate network in the greater Las Vegas area.
HealthCare Partners Nevada has been owned by DaVita Medical Group. Under a plan recently approved by the Federal Trade Commission, DaVita Medical Group is being acquired by Optum, a division of UnitedHealth Group, and HealthCare Partners Nevada is being divested and acquired by Intermountain.
HealthCare Partners Nevada employs about 340 physicians and advanced practice providers at 55 clinics in southern Nevada, and provides primary, specialty, and urgent care services. Intermountain currently employs nearly 2,400 physicians and advanced practice providers in Utah and Idaho at 160 clinics.
Southern Nevada is proximate to areas Intermountain serves, especially St. George, Utah, where Intermountain owns and operates multiple medical facilities. Intermountain has provided telehealth services to some Nevada medical facilities for several years, as well as in five other western states.
“We’re excited to join with HealthCare Partners Nevada,” says Marc Harrison, MD, Intermountain president and CEO. “Both organizations are like-minded and share a commitment to keeping people well and providing the communities we serve with high-quality, value-based care. We’ll combine unique strengths to provide extraordinary health services to patients.”
“Intermountain and HealthCare Partners Nevada desire the same thing — to provide great access to the highest quality care at an affordable cost,” says Mark Price, president of HealthCare Partners Nevada. “This is great news for our teams and southern Nevada.”
HealthCare Partners Nevada providers will continue serving patients as they do now and will keep working collaboratively with southern Nevada hospitals, physicians, and health insurance plans. Upon closure of the transaction, the group will retain its name and be known as HealthCare Partners Nevada, an Intermountain Healthcare company.
J.P. Morgan provided financial advisory services to Intermountain on the transaction.
Intermountain, founded in 1975, recently received recognition as a healthcare leader for quality, value, and innovation, and ranked 3rd nationally. In 2019, the organization was included among the top places to work in healthcare, and Fortune magazine ranked Intermountain’s CEO as one of the World’s 50 Greatest Leaders.
Intermountain is a not-for-profit health system comprised of clinics, hospitals, a medical group, a health insurance company, and other services. It is widely recognized as a leader in transforming healthcare through evidence-based best practices, high quality, and sustainable costs.