Franklin, Tenn.-based IASIS Healthcare has signed a definitive agreement to sell 177-bed North Vista Hospital in Las Vegas to Ontario, Calif.-based Prime Healthcare Services.
"As we continue to execute on both short- and long-term growth initiatives in our core markets and at Health Choice, our managed care solutions business, the right move for IASIS was to find a healthcare provider that desired to grow its footprint in Nevada to own and operate North Vista," said Carl Whitmer, president and CEO of IASIS.
The financial terms of the agreement have not been disclosed, and the organizations expect the transaction to close by the end of this year.
This is the second transaction involving Prime Healthcare that has been announced recently. Earlier this week, Franklin, Tenn.-based Community Health Systems signed a definitive agreement to sell Riverview Regional Medical Center in Gadsden, Ala., and its related outpatient services to Prime Healthcare.
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