Intermountain Health has completed a $413 million acquisition of the real estate supporting Mountain View Hospital and Idaho Falls Community Hospital, according to a September 17 report. The transaction, completed by affiliates of the Salt Lake City-headquartered organization on Wednesday, Sept. 16, 2026, marks a significant deepening of its presence in southeastern Idaho.
The property purchase from Medical Properties Trust brings Intermountain's total disclosed 2026 consideration in Idaho Falls to approximately $1.208 billion. This figure combines the $413 million real estate acquisition with a separate $795 million transaction announced in July 2026. That earlier agreement involves Intermountain acquiring the controlling interests in the hospital operations from Surgery Partners, a move that includes debt-related amounts and is not a simple cash purchase.
The $413 million purchase price represents approximately 3.25 times a $127.1 million tax assessment affirmed by the Idaho Board of Tax Appeals on Jan. 16, 2026. While the assessment applied to the 2025 tax year for the 13.94-acre property and 333,116-square-foot building, officials noted that tax assessments and negotiated transaction prices are not necessarily equivalent measures of market value.
The healthcare operations being acquired involve 126 beds and more than 150 physicians. Surgery Partners projected that these Idaho Falls operations would generate approximately $765 million in revenue and $116 million in Adjusted EBITDA for 2026. Through the first six months of 2026, the operations had generated $372 million in revenue and $54.1 million in Adjusted EBITDA.
Intermountain Health has transitioned from a Utah-centered system following its 2022 combination with Colorado-based SCL Health to a regional provider spanning Utah, Idaho, Nevada, Colorado, Montana, Wyoming, and Kansas. The organization first entered Mountain View Hospital and Idaho Falls Community Hospital as a minority investor in mid-April 2023.
