Salt Lake City-based Intermountain Health has its sights set on the ASC market.
Since partnering with Nashville, Tenn.-based healthcare services company Surgery Partners in April 2023, the health system has expanded its presence in the ASC industry and has high expectations for the venture.
When asked about the health system's growth strategy for the next three years, Janie Wade, CFO of Intermountain, told Becker's, "There's also tuck-in growth opportunities including ASCs, imaging centers and physician practice acquisitions. We don't have any large merger and acquisition targets on the horizon. It's primarily growth in our existing markets in the communities we already serve and bringing our quality of care, affordability and innovation into those communities with new providers and services."
Here are four updates about the health system's ASC strategy, as reported by Becker's since Sept. 26:
1. Intermountain shut down Saltzer Health, a 10-location physician group based in Nampa, Idaho, March 29, selling two urgent care centers in South Nampa and Meridian, Idaho, and an ASC in Meridian to Boise, Idaho-based Saint Alphonsus Health System after the group was closed. Saltzer Health was acquired by Intermountain in October 2020.
2. The health system opened a medical campus with an ASC in Saratoga Springs, Utah, offering 24-hour emergency care, outpatient surgery, labs and imaging.
3. Intermountain Health and Billings-based Ortho Montana broke ground on the Gallatin Valley Surgery Center in Bozeman, Mont., a 45,000-square-foot surgery center focusing on orthopedic and sports medicine services.
4. Intermountain opened its Park City Surgery Center, a joint venture orthopedic-focused ASC in Park City, Utah, with the Orthopedic Partners, a physician group with four Utah locations.