Nampa, Idaho-based Saltzer Health is planning to sell or shut down by March 29.
The physician group, which was acquired by Salt Lake City-based Intermountain Health in October 2020, cited in a Jan. 18 news release financial and economic challenges as its reason to close or sell. The physician group also referenced "vital contracts and other market relationships" falling through.
Saltzer is actively negotiating its sale with other healthcare companies. Employees could have the opportunity to continue employment should the sale be finalized, according to the release.
"Like many health systems across the country, Saltzer has faced significant financial pressures as the rising cost of providing care, driven by inflation, has increased since the pandemic," the group said in the release. "Saltzer leaders say vital contracts and other market relationships did not progress as had been hoped for, making it financially challenging."