DEAL ANNOUNCEMENT

McDermott Will & Schulte advises Surgery Partners on sale of ownership interests in Idaho Falls facilities

Oct 8, 2026

Read time: 2 min

Global law firm McDermott Will & Schulte advised Surgery Partners, Inc. (NASDAQ: SGRY) (“Surgery Partners”), a leading short-stay surgical facility owner and operator, in the sale of its majority ownership interest in each of Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health.

The transaction valued the combined Idaho Falls facilities at approximately $1.15 billion, with Surgery Partners receiving approximately $797 million in gross proceeds and $587 million in net cash proceeds at closing. The transaction, which involved complex ownership and governance arrangements, multiple stakeholder constituencies, and significant antitrust and healthcare regulatory considerations, represents a significant milestone in Surgery Partners’ ongoing portfolio optimization strategy and its continued focus on the ambulatory surgery center market.

The multidisciplinary team was led by Paul Lawrence and George Tzanetakos, with strategic guidance from John Callahan and invaluable assistance from Reuben Bank, Matt David, Olivia Palmer, Emica Kim, Niraj Patel, Payton Thornton, Jay Greathouse, Deepak Tamasker, Stephen Wu, Josh Neumann, Joseph Anderson, Jeffrey Holdvogt, Sam Siegfried, Mark Mihanovic, Alexander Clavero, Melis Solaksubasi, Elena Otero, Alex Ruiz, Wendy Phinny, Evie Atwater, Mark Bilut, John Zhang, and Tony Maida. Jerry Sokol and Danielle Golino are the relationship partners for Surgery Partners.