A real estate investment firm in Alabama has completed its $1.4 billion purchase of 11 IASIS Healthcare hospitals, including five along the Wasatch Front with 3,300 employees.
The acquisition by Birmingham, Ala.-based Medical Properties Trust follows the merger of IASIS into Steward Health Care, a Boston company that says it is now the largest private hospital operator in the country.
The Utah hospitals now owned by Medical Properties Trust and operated by Steward are Salt Lake Regional Medical Center, Jordan Valley medical centers in West Valley City and West Jordan, Davis Hospital and Medical Center in Layton and Mountain Point Medical Center in Lehi.