CommonSpirit Health officially sealed the deal on picking up five hospitals and 35 medical group clinics from Steward Health Care, the health systems said Monday.
Announced in February, the deal also includes imaging and urgent care centers, other outpatient ventures and a clinically integrated network of providers. Colorado-based Centura Health will manage the operations, Fierce Healthcare reports.
Terms of the acquisition were not disclosed in the announcement. However, earnings released by CommonSpirit back in February listed a gross purchase price of $685 million.
Steward Health said that the strategic transaction allows the health system to “reinvest in its nationally recognized model of providing value-based care in communities across the other regions it operates.”
Based in Dallas, Steward now operates 33 hospitals across Arizona, Arkansas, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania and Texas. Read more.
