Kaufman Hall Advised Centura Health and its Sponsor, CommonSpirit, in the Acquisition of Steward’s Utah Portfolio

CHICAGO – February 15, 2023, Centura Health (Centura), one of its two joint operating sponsors, CommonSpirit Health (CommonSpirit), and Steward Health Care (Steward) announced today that they have signed an asset purchase agreement (APA) for CommonSpirit Health to acquire Steward’s Utah care sites, which include five hospitals, more than 35 medical group clinics, and a clinically integrated network of care providers. Centura Health will manage the assets. The five hospitals and their affiliated clinics included in the agreement are Davis Hospital and Medical Center in Layton, Jordan Valley Medical Center in West Jordan, Jordan Valley Medical Center-West Valley Campus, Mountain Point Medical Center in Lehi and Salt Lake Regional Medical Center in Salt Lake City. The transaction is expected to close in 2023, subject to customary regulatory approvals and closing conditions.

Kaufman Hall served as the exclusive transaction advisor to Centura Health / CommonSpirit Health throughout the sale process.

In connection with Centura and CommonSpirit’s acquisition of Steward’s Utah portfolio, Kaufman Hall also served as real estate advisor to CommonSpirit in its master lease negotiation with Medical Properties Trust, Inc. (NYSE: MPW), which will remain the owner of the acute-care hospitals and certain other property included in the transaction.