Latest News

IASIS Healthcare is pleased to announce new appointments to the leadership team at Mountain Vista Medical Center, an award-winning 178-bed full-service hospital in east Mesa, Arizona.

New team members include:

  • Patricia Rollins, Women’s Services Director
  • Amy Lomu, Emergency Services Director
  • Audrey Jones, Therapy Services Director
  • Kirk McFalls, Business Development Manager

Full story at AZBigMedia.com.




Bledsoe & Barbosa to greet fans & sign autographs at the state-of-the-art facility in downtown Phoenix

WHAT: Phoenix Suns guards Eric Bledsoe and Leandro Barbosa will visit with fans and sign autographs at the IASIS Healthcare Multi Specialty Clinic in downtown Phoenix tomorrow (January 7) from 2 – 3 p.m.

Fans are invited to arrive at 1 p.m. for the opportunity to win exclusive prizes, including Suns tickets, and visit an interactive fan zone where fans can learn more about the state-of-the-art Multi Specialty Clinic. The Gorilla and members of the Suns Dancers and Solar Squad will also be on hand to take photos and interact with fans throughout the event.

Since opening its doors in March 2016, the Multi Specialty Clinic has provided those who live and work in downtown Phoenix with their first comprehensive healthcare option in the area. The clinic’s first-class amenities provide access to convenient, high-quality healthcare in the same place where Phoenix Suns and Mercury basketball stars receive care as well.

WHO: Suns guards Eric Bledsoe and Leandro Barbosa (2 – 3 p.m.)
The Gorilla and Members of the Suns Dancers & Solar Squad

WHERE: IASIS Healthcare Multi Specialty Clinic
230 S. 3rd Street, Phoenix AZ 85004

WHEN: Saturday, January 7 – 1–3PM

INFO: We Are PHX! Limited tickets to the Phoenix Suns’ matchup against the Cleveland Cavaliers on Sunday, January 8 are available at Suns.com or by phone at 602-379-SUNS.

Suns.com








FRANKLIN, Tenn.–IASIS Healthcare® LLC (“IASIS” or the “Company”) today announced financial and operating results for the fiscal fourth quarter and year ended September 30, 2016.

Key Financial and Operating Results

Consolidated Financial and Operating Results – Fourth Quarter and Year Ended September 30, 2016 and 2015

Consolidated revenue for the fourth quarter ended September 30, 2016, totaled $814.4 million, an increase of 13.7% compared to $716.6 million in the prior year quarter. The consolidated revenue increase for the fourth quarter ended September 30, 2016, is comprised of 35.9% growth in premium, service and other revenue in the Company’s managed care operations and 2.3% growth in acute care revenue.

Net loss from continuing operations for the fourth quarter ended September 30, 2016, totaled $76.3 million, compared to a net loss from continuing operations of $3.0 million in the prior year quarter. Included in the net loss from continuing operations for the fourth quarter is a $54.0 million non-cash charge to write-off the goodwill related to one of the Company’s acute care reporting units. This non-cash charge is a result of the Company’s annual impairment test required under accounting guidance.

Adjusted EBITDA for the fourth quarter ended September 30, 2016, totaled $29.1 million, compared to $59.4 million in the prior year quarter. During the fourth quarter ended September 30, 2016, the Company’s managed care division incurred $10.8 million in losses associated with its Arizona health insurance marketplace exchange plan business, which the Company is exiting effective January 1, 2017. The losses at the Company’s Arizona marketplace exchange business for the quarter ended September 30, 2016, included a premium deficiency reserve of $7.5 million and $1.8 million in estimated unfavorable risk adjustment transfer settlements. Additionally, net loss from continuing operations and Adjusted EBITDA for the quarter ended September 30, 2016, continued to be negatively impacted by certain items, as further described in the following table. Excluding the impact of these items and the losses associated with the Arizona health insurance marketplace exchange plan, normalized adjusted EBITDA would have been $43.9 million for the fourth quarter ended September 30, 2016, compared to $54.8 million in the prior year quarter.

Consolidated revenue for the year ended September 30, 2016, totaled $3.25 billion, an increase of 17.5% compared to $2.77 billion in the prior year. The consolidated revenue increase for the year ended September 30, 2016, is comprised of 45.7% growth in premium, service and other revenue in the Company’s managed care operations and 4.2% growth in acute care revenue.

Net loss from continuing operations for the year ended September 30, 2016, (which includes the impact of the goodwill impairment charge previously discussed) totaled $117.0 million, compared to net earnings from continuing operations of $6.8 million in the prior year. Adjusted EBITDA for the year ended September 30, 2016, totaled $162.6 million, compared to $253.0 million in the prior year. During the year ended September 30, 2016, the Company’s managed care division incurred $19.0 million in losses associated with its Arizona health insurance marketplace exchange plan business, which includes a $7.5 million premium deficiency reserve and $10.8 million related to final and estimated unfavorable risk adjustment transfer settlements. Additionally, net loss from continuing operations and Adjusted EBITDA for the year ended September 30, 2016, continued to be negatively impacted by certain items, as further described in the following table. Excluding the impact of these items and the losses associated with the Arizona health insurance marketplace exchange plan, normalized adjusted EBITDA would have been $220.1 million for the year ended September 30, 2016, compared to $254.3 million in the prior year.

The Company provides the following table reflecting normalized adjusted EBITDA, which reflects certain items that affected the Company’s results for the quarters and years ended September 30, 2016 and 2015, and adjusted EBITDA, and a reconciliation of such non-GAAP figures to net earnings (loss) from continuing operations, the most comparable GAAP measure.

Click here for the full press release.

Collaboration Brings Bariatric and General Surgery Options to Patients

PHOENIX (Dec. 7, 2016) – Physician Group of Arizona, Inc. (PGA), an organization comprised of primary and specialty care physicians, is expanding with a new practice: PGA Surgical Specialists.

The expansion allows PGA to offer a wide range of bariatric and general surgical services, from major operations to minimally-invasive laparoscopic and outpatient procedures. PGA Surgical Specialists is affiliated with three IASIS Healthcare hospitals in the Valley – Mountain Vista Medical Center in Mesa, St. Luke’s Medical Center in Phoenix, and Tempe St. Luke’s Hospital in Tempe.

Affiliated with the Bridges Center for Surgical Weight Management, the PGA Surgical Specialists perform weight loss procedures at St. Luke’s Medical Center – a Metabolic and Bariatric Surgery Accreditation and Quality Improvement Program (MBSAQIP) center, Tempe St. Luke’s Hospital, and Mountain Vista Medical Center.

The expansion also brings two Valley surgeons to PGA who have been recognized by Phoenix Magazine as “Top Doctors,” along with their surgical physician assistant:

Daniel T. Fang, M.D., FACS

Certified by the National Board of Medical Examiners and the American Board of Surgery, Dr. Fang has extensive experience in a wide range of bariatric and general surgical procedures. He is also a member of the American Society for Metabolic and Bariatric Surgery. Fang serves as a clinical instructor for the Phoenix Integrated Surgical Residency, a clinical assistant professor at A.T. Still University’s Kirksville College of Osteopathic Medicine, and an assistant professor at the Arizona College of Osteopathic Medicine of Midwestern University.

Rob F. Schuster, M.D., FACS

Certified by the American Board of Surgery and the American College of Surgeons, Dr. Schuster has extensive experience and is fellowship trained in bariatric and general surgical procedures, specializing in general, oncologic, endocrine, trauma and bariatric surgery. Dr. Schuster has also served as a Clinical Instructor in minimally-invasive surgery, and as a Research Fellow at Stanford University. He has also been the recipient of America’s Top Surgeon Award by Consumer’s Research Council of America for many consecutive years.

Emile Manansala, PA-C

As a Surgical Physician Assistant, Emile Manansala supports Dr. Fang and Dr. Schuster. Certified by the National Commission on Certification of Physician Assistants, Manansala has extensive experience serving in a support role during advanced laparoscopic and laparotomy procedures. Emile is a fellow member of the American Academy of Physician Assistants, and an associate member of the American Society of Metabolic and Bariatric Surgery.

The need for bariatric surgery services for weight management is increasing. In Maricopa County alone, one in four adults are obese. In the Hispanic community, that number climbs to nearly 33 percent of the population.

“Obesity-related issues contribute to heart disease and diabetes, the second- and seventh-leading causes of death, respectively,” said Jodi Johnson, Director of Bariatric Services of Bridges Center for Weight Management. “According to the Maricopa County Department of Public Health, approximately 30,914 lives are lost in the county each year due to premature deaths.”

Although choosing to undergo bariatric surgery is one of the most difficult decisions an obese patient can make, it is also tied to undeniably cathartic health benefits. Phoenix resident Winchell Rabara was morbidly obese. His life consisted of taking a lot of prescribed medications to control his diabetes, blood pressure and cholesterol. This day-in and day-out routine led him to a life-changing epiphany. He had had enough of this lifestyle. After having bariatric surgery performed by Dr. Fang at the Bridges Center for Weight Management, Rabara was able to get his health back on track.

“Today I spend my free time walking and jogging every morning, along with working out at the gym most evenings,” said Rabara. “I no longer spend hundreds of dollars at the pharmacy every few weeks. Bariatric surgery has helped me to regain my health and take control of my life.”

To learn more about weight loss options through bariatric surgery, visit www.pgasurgical.com or call 602-251-8828. Most major insurance plans are accepted.

 

About Physician Group of Arizona, Inc.

Physician Group of Arizona, Inc., (PGA) part of IASIS Healthcare, is comprised of primary and specialty care physicians and surgeons committed to delivering the highest quality patient care. Combining expertise and personalized service with advanced technological equipment and facilities, these physicians provide high-quality healthcare to adolescents, adults and seniors throughout the Valley. PGA physicians are members of the medical staff at IASIS Healthcare hospitals in Arizona, including Mountain Vista Medical Center in Mesa, St. Luke’s Medical Center in Phoenix and Tempe St. Luke’s Hospital in Tempe. Physician Group of Arizona is an Official Healthcare Partner of the Phoenix Suns and Phoenix Mercury. For more information about PGA, visit PhysicianGroupAZ.com or call 1-855-551-DOCS (3627).

About St. Luke’s Medical Center

Serving Metropolitan Phoenix for more than 100 years, St. Luke’s Medical Center is a 200-bed tertiary care hospital part of IASIS Healthcare offering a full range of medical services, including emergency care, orthopedics, cardiac care, bariatrics, physical rehabilitation, pain management and wound care. St. Luke’s has a long history of innovation as the first hospital in Arizona to open a cardiac catheterization lab, and the first in the Valley to perform open heart surgery. With a focus on serving the diverse health care needs of the community, experienced professionals provide high quality care with the latest technology, in a caring environment. St. Luke’s Medical Center is an Official Healthcare Partner of the Phoenix Suns and Phoenix Mercury. For more information, visit stlukesmedcenter.com or call 1-877-351-WELL (9355).Find St. Luke’s Medical Center on Facebook and follow the hospital on Twitter.

About Tempe St. Luke’s Hospital

Tempe St. Luke’s Hospital, part of IASIS Healthcare, is an 87-bed, community hospital that has been serving the East Valley for more than 70 years. Tempe St. Luke’s offers comprehensive health care services, including emergency care, orthopedics, advanced surgical procedures, diagnostic imaging, maternity care, women’s services, pain management and wound care in a caring, community hospital atmosphere. Tempe St. Luke’s Hospital is an Official Healthcare Partner of the Phoenix Suns and Phoenix Mercury. For more information, visit tempestlukeshospital.com or call 1-877-351-WELL (9355). Find Tempe St. Luke’s Hospital on Facebook and follow the hospital on Twitter.

About Mountain Vista Medical Center

Mountain Vista Medical Center, part of IASIS Healthcare, is a 178-bed, full-service hospital, featuring all-private rooms and advanced medical technology. Designed to provide comprehensive health care services for residents of the East Valley, the hospital is accredited as a Primary Stroke Center, Chest Pain Center and a Level III Trauma Center. The hospital also features a Cardiac Receiving Center. Mountain Vista Medical Center is directly or indirectly owned by an entity that proudly includes physician owners, including certain members of the hospital’s medical staff. It is located in Mesa, just north of U.S. 60 at Crismon Road and Southern Avenue. Mountain Vista Medical Center is an Official Healthcare Partner of the Phoenix Suns and Phoenix Mercury. For more information, visit www.mvmedicalcenter.com or call 1-877-924-WELL (9355). Find Mountain Vista Medical Center on Facebook and follow the hospital on Twitter.

About Bridges Center for Weight Management

Designated as a Metabolic and Bariatric Surgery Accreditation and Quality Improvement Program (MBSAQIP) bariatric surgery since 2005, the Bridges Center for Surgical Weight Management provides a comprehensive program to help individuals achieve healthy, long-term weight loss. The multidisciplinary weight management program features preoperative education, weight loss surgery, nutritional guidance and postoperative support — all designed to help individuals achieve and maintain their weight loss goals. The Bridges Center team consists of knowledgeable health care professionals — all dedicated to making every experience a positive one by guiding and supporting individuals through every stage of their weight loss journeys. In addition to a highly-experienced team of board-certified bariatric surgeons, staff includes a psychologist, registered nurse, registered dietitian, licensed practical nurse, physical therapist, and a team of patient advocates. For more information, visit www.bridgesaz.com or call 1-800-248-5553.

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“Our 2016 recipients don’t view their service as a series of tasks on a checklist, but as a way of living. Through the constant practice of kindness and empathy, they are changing their communities – if not the world.

It is our honor to share with them the IASIS Chairman’s Award, the highest honor an IASIS Healthcare employee can receive, for putting aside their own personal gain in the pursuit of helping others.

To our recipients: you inspire us and make us proud through your belief in ever-expanding possibilities and grounded optimism in a world that needs hope. Thank you.”

Carl Whitmer
IASIS PRESIDENT & CHIEF EXECUTIVE OFFICER

2016 RECIPIENTS

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NASHVILLE, Tenn. (September 21, 2015) — IASIS Healthcare LLC (“IASIS”) announced today that The Medical Center of Southeast Texas in Port Arthur, Texas, has completed its previously announced acquisition of the assets of Victory Medical Center Beaumont.

Victory Medical Center Beaumont has been renamed The Medical Center of Southeast Texas Victory Campus. The Beaumont facility now operates as a campus of The Medical Center of Southeast Texas. The Victory campus will offer a wide range of healthcare services, including orthopedics, neurosurgery, gynecology, general surgery, ear, nose and throat, and podiatry, with quality care delivered by the well-regarded Beaumont-area physicians who founded the facility several years ago.

“Victory Medical Center is an exceptional facility with physicians who are truly committed to delivering excellent, personalized patient care,” said Richard Gonzalez, Chief Executive Officer of The Medical Center of Southeast Texas. “By working with Victory’s physician founders and having the excellent staff join our team, we enhance our ability to improve the patient experience and to provide accessible healthcare to residents of Beaumont and the surrounding Golden Triangle communities.”

The addition of Victory Medical Center in its operations will build on The Medical Center of Southeast Texas’ status as a premier, full-service, multi-site healthcare system, providing a full range of acute care and specialty medical and surgical services, including obstetrics and gynecology, neonatal intensive care, comprehensive cardiac and cardiovascular care, medical/surgical services and emergency services.

About The Medical Center of Southeast Texas

The Medical Center of Southeast Texas is a 216-bed hospital providing a full range of hospital services to Port Arthur, Beaumont and the surrounding communities. The hospital is part of IASIS Healthcare® LLC, a healthcare services company with acute care hospitals and related patient access points in Arizona, Arkansas, Colorado, Louisiana, Texas and Utah and a growing managed care risk platform, Health Choice. The Medical Center of Southeast Texas operates in partnership with physician owners.

About IASIS Healthcare

IASIS Healthcare is a healthcare services company that seeks to deliver high-quality, cost-effective healthcare through a broad and differentiated set of capabilities and assets that include acute care hospitals with related patient access points and a diversified managed care risk platform. With total annual revenue of approximately $2.6 billion, IASIS, headquartered in Franklin, Tennessee, owns and operates 16 acute care hospitals, one behavioral hospital and multiple other access points, including 144 physician clinics, multiple outpatient surgical units, imaging centers, and investments in urgent care centers and on-site employer-based clinics. Health Choice, the Company’s managed care risk platform, delivers services to approximately 389,000 covered lives through its multiple health plans, accountable care networks and agreements to serve as a management services organization with third party insurers. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.

Some of the statements we make in this press release are forward-looking within the meaning of the federal securities laws, which are intended to be covered by the safe harbors created thereby. Those forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations including, but not limited to, future financial and operating results, the Company’s plans, objectives, expectations and other statements that are not historical facts. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results in future periods to differ materially from those anticipated in the forward-looking statements. These risk factors and uncertainties are more fully described in Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K/A for the fiscal year ended September 30, 2014 and as amended and restated in Part II, Item 1A. “Risk Factors” in our Quarterly Report on Form 10-Q/A for the quarter ended December 31, 2014, filed with the Securities and Exchange Commission, and other filings with the Securities and Exchange Commission.

Although we believe that the assumptions underlying the forward-looking statements contained in this press release are reasonable, any of these assumptions could prove to be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by the Company or any other person that our objectives and plans will be achieved. We undertake no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

FRANKLIN, Tennessee (August 13, 2015) — IASIS Healthcare® LLC (“IASIS” or the “Company”) today announced financial and operating results for the fiscal third quarter and nine months ended June 30, 2015. The Company’s discontinued operations in the accompanying consolidated financial statements have been excluded from Consolidated Financial and Operating Data and Supplemental Consolidated Statements of Operations Information for the fiscal third quarters and nine month periods ended June 30, 2015 and 2014.

Key Financial & Operating Results

Third Quarter Fiscal 2015

Revenue for the third quarter totaled $686.3 million, an increase of 8.5% compared to $632.7 million in the prior year quarter. Adjusted EBITDA for the third quarter totaled $63.0 million, an increase of 25.2% compared to $50.3 million in the prior year quarter. Net earnings from continuing operations for the third quarter totaled $1.4 million, compared to a net loss from continuing operations of $11.3 million in the prior year quarter. Included in the Company’s operating results for the third quarter were $3.1 million in pre-opening and start-up losses related to the opening of a new hospital campus and $5.9 million in legal settlement and other non-recurring costs.

Acute care revenue for the third quarter totaled $474.9 million, an increase of 4.6% compared to the prior year quarter. In the third quarter, admissions increased 0.1% and adjusted admissions increased 2.3%, each compared to the prior year quarter. Adjusting for certain service line closures, in the third quarter, admissions increased 0.9% and adjusted admissions increased 3.1%, each compared to the prior year quarter. Net patient revenue per adjusted admission in the third quarter increased 2.4% compared to the prior year quarter.

Premium, service and other revenue in the Company’s managed care risk platform for the third quarter totaled $211.4 million, an increase of 18.4% compared to the prior year quarter. Total lives served across all managed care division product lines increased 83.1% to 389,900 at June 30, 2015, which included a 22.2% increase in lives served by the Company’s managed Medicaid, Medicare and health insurance exchange plans.

For the third quarter, the medical loss ratio (“MLR”) associated with premium revenue across all health plans in the Company’s managed care risk platform was 87.4%, compared to 97.4% in the prior year quarter. The MLR for the third quarter of fiscal 2014 included increased medical costs associated with newly enrolled childless adult members resulting from the expansion of Arizona’s Medicaid program effective January 1, 2014. This newly enrolled childless adult population typically experiences more frequent medical utilization and higher acuity levels prior to effective management of their care. The reduced MLR for the third quarter of fiscal 2015 reflects the financial impact of effectively managing the care of these new members subsequent to their enrollment.

Year-to-Date Fiscal 2015

Revenue for the first nine months of fiscal 2015 totaled $2.05 billion, an increase of 10.6% compared to $1.86 billion in the prior year period. Adjusted EBITDA for the first nine months of fiscal 2015 totaled $193.6 million, an increase of 6.9% compared to $181.1 million in the prior year period. Net earnings from continuing operations for the first nine months of fiscal 2015 totaled $9.7 million, compared to a net loss from continuing operations of $6.2 million in the prior year period. Included in the Company’s operating results for the first nine months of fiscal 2015 were $3.7 million in pre opening and start-up losses related to the opening of a new hospital campus and $8.5 million in legal settlement and other non-recurring costs.

Acute care revenue for the first nine months of fiscal 2015 totaled $1.41 billion, an increase of 4.2% compared to the prior year period. In the first nine months of fiscal 2015, admissions increased 1.4% and adjusted admissions increased 3.5%, each compared to the prior year period. Net patient revenue per adjusted admission in the first nine months of fiscal 2015 increased 1.0% compared to the prior year period.

Premium, service and other revenue in the Company’s managed care risk platform for the first nine months of fiscal 2015 totaled $642.3 million, an increase of 27.6% compared to the prior year period.

For the first nine months of fiscal 2015, the MLR associated with premium revenue across all health plans in the Company’s managed care risk platform was 87.4%, compared to 89.4% in the prior year period. The MLR for the first nine months of fiscal 2015, benefited from reduced medical costs resulting from the care management of childless adult members, who were newly enrolled as a result of the expansion of Arizona’s Medicaid program effective January 1, 2014.

Cash Flow Analysis

Cash flows provided by operating activities for the first nine months of fiscal 2015 totaled $60.0 million, compared to cash flows used in operating activities of $10.5 million in the prior year period. The prior year period was affected by the payment of $22.3 million in income taxes and other transaction costs associated with the Company’s sale-leaseback transaction at the end of fiscal 2013. During the first nine months of fiscal 2015, the Company collected $79.8 million in fiscal 2014 receivables related to the Texas Medicaid supplemental reimbursement programs.

Cash flows used in investing activities for the first nine months of fiscal 2015 totaled $76.4 million, compared to cash flows used in investing activities of $84.1 million in the prior year period. Included in the first nine months of fiscal 2015 were $42.6 million in proceeds received from the sale of the Company’s Nevada operations. Additionally, the Company has spent $28.0 million in the first nine months of fiscal 2015 related to the construction of a new hospital campus, which opened in June 2015.

Conference Call

A listen-only simulcast of IASIS’ third quarter 2015 conference call will be available by clicking the “Investors” link on the Company’s Web site at www.iasishealthcare.com beginning at 11:00 a.m. Eastern Time on August 13, 2015. A copy of this press release will also be available on the Company’s Web site.

IASIS Healthcare is a healthcare services company that seeks to deliver high-quality, cost-effective healthcare through a broad and differentiated set of capabilities and assets that include acute care hospitals with related patient access points and a diversified managed care risk platform. With total annual revenue of approximately $2.6 billion, IASIS, headquartered in Franklin, Tennessee, owns and operates 16 acute care hospitals, one behavioral hospital and multiple other access points, including 144 physician clinics, multiple outpatient surgical units, imaging centers, and investments in urgent care centers and on-site employer-based clinics. Health Choice, the Company’s managed care risk platform, delivers services to 389,900 covered lives through its multiple health plans, accountable care networks and agreements to serve as a management services organization (“MSO”) with third party insurers. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.

Some of the statements we make in this press release are forward-looking within the meaning of the federal securities laws, which are intended to be covered by the safe harbors created thereby. Those forward-looking statements include all statements that are not historical statements of fact and those regarding the Company’s intent, belief or expectations including, but not limited to, future financial and operating results, the Company’s plans, objectives, expectations and other statements that are not historical facts. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results in future periods to differ materially from those anticipated in the forward-looking statements. These risk factors and uncertainties are more fully described in Part I, Item 1A. “Risk Factors” of the Company’s Annual Report on Form 10-K/A for the fiscal year ended September 30, 2014, and as amended and restated in Part II, Item 1A. “Risk Factors” in the Company’s Quarterly Report on Form 10-Q/A for the quarter ended December 31, 2014, filed with the Securities and Exchange Commission (“SEC”), and other filings with the SEC.

Although we believe that the assumptions underlying the forward-looking statements contained in this press release are reasonable, any of these assumptions could prove to be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by the Company or any other person that the Company’s objectives and plans will be achieved. We undertake no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.
Adjusted EBITDA represents net earnings (loss) from continuing operations before net interest expense, income tax expense, depreciation and amortization, stock-based compensation, net gain (loss) on disposal of assets, and management fees. Management fees represent monitoring and advisory fees paid to management companies affiliated with TPG and JLL. Management routinely calculates and communicates adjusted EBITDA and believes that it is useful to investors because it is commonly used as an analytical indicator within the healthcare industry to evaluate performance, allocate resources and measure leverage capacity and debt service ability. In addition, the Company uses adjusted EBITDA as a measure of performance for its business segments and for incentive compensation purposes. Adjusted EBITDA should not be considered as a measure of financial performance under generally accepted accounting principles, and the items excluded from adjusted EBITDA are significant components in understanding and assessing financial performance. Adjusted EBITDA should not be considered in isolation or as an alternative to net earnings, cash flows generated by operating, investing, or financing activities or other financial statement data presented in the consolidated financial statements as an indicator of financial performance or liquidity. Adjusted EBITDA, as presented, differs from “adjusted EBITDA” as defined under the Company’s Senior Secured Credit Facilities and may not be comparable to similarly titled measures of other companies. A table describing adjusted EBITDA and reconciling net earnings (loss) from continuing operations to adjusted EBITDA is included in this press release in the attached Supplemental Consolidated Statements of Operations Information.

FRANKLIN, Tennessee (August 6, 2015) – IASIS Healthcare® LLC (“IASIS”) today announced that it will provide an online listen-only Web simulcast of its fiscal third quarter 2015 conference call on Thursday, August 13, 2015. The Company will release its results for the fiscal third quarter ended June 30, 2015, before the opening of the market on August 13th.

The broadcast of IASIS’ conference call will begin at 11:00 a.m. Eastern Time on August 13th. The link to this event can be found at the Company’s website: www.iasishealthcare.com.

About IASIS

IASIS Healthcare LLC is a healthcare services company that seeks to deliver high-quality, cost-effective healthcare through a broad and differentiated set of capabilities and assets that include acute care hospitals with related patient access points and a diversified managed care risk platform. With total annual revenue of approximately $2.6 billion, IASIS, headquartered in Franklin, Tennessee, owns and operates 16 acute care hospitals, one behavioral hospital and multiple other access points, including 144 physician clinics, multiple outpatient surgical units, imaging centers, and investments in urgent care centers and on-site employer-based clinics. Health Choice, the Company’s managed care risk platform, delivers services to more than 389,000 covered lives through its multiple health plans, accountable care networks and agreements to serve as a management services organization (“MSO”) with third party insurers. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.

NASHVILLE, Tenn. (July 6, 2015) — IASIS Healthcare Corporation today announced that Sharad Mansukani, M.D., has been appointed as the Company’s Lead Independent Director.

Dr. Mansukani has served on the Company’s Board of Directors since 2005. During his career, Dr. Mansukani has been a practicing physician, has served as a senior advisor to the Center for Medicare and Medicaid Services, and has held directorships and executive roles with numerous public and private managed care companies, as well as other healthcare industry companies. Dr. Mansukani’s leadership roles have also included positions with healthcare industry editorial boards and academic institutions.

During the past decade, Dr. Mansukani has brought his experience and expertise to both lines of IASIS Healthcare Corporation’s business: its acute care hospital operations and its Health Choice managed care solutions business, which includes managed Medicaid plans, a managed services organization and accountable care network operations that seek to promote provider and insurer collaboration toward value-based, cost-efficient, high-quality healthcare.

“Sharad’s breadth of professional experience gives him a special ability to view the healthcare industry from multiple perspectives: the patient, the physician, the insurer, the policy maker and the hospital,” said W. Carl Whitmer, IASIS Healthcare Corporation’s President and Chief Executive Officer. “Sharad’s experience is especially valuable to our company at a time when we are seeking to integrate our acute care and managed care operations. He brings a wealth of perspectives as to how our hospitals and our Health Choice managed care operations can work in concert to provide high quality care, to contain unnecessary medical costs and to drive economic value for all constituents.”

Dr. Mansukani is expected to continue to provide IASIS Healthcare Corporation’s senior executive management with strategic planning perspectives, in the context of the healthcare industry’s movement to value-based payments and implementation of federal healthcare reform. His increased administrative duties as Lead Independent Director will include coordinating the activities of the Company’s other independent directors and a lead role in corporate governance efforts.

About IASIS Healthcare

IASIS Healthcare is a healthcare services company that seeks to deliver high-quality, cost-effective healthcare through a broad and differentiated set of capabilities and assets that include acute care hospitals with related patient access points and a diversified managed care risk platform. With total annual revenue of approximately $2.6 billion, IASIS, headquartered in Franklin, Tennessee, owns and operates 16 acute care hospitals, one behavioral hospital and multiple other access points, including 144 physician clinics, multiple outpatient surgical units, imaging centers, and investments in urgent care centers and on-site employer-based clinics. Health Choice, the Company’s managed care risk platform, delivers services to more than 374,000 covered lives through its multiple health plans, accountable care networks and agreements to serve as a management services organization with third party insurers. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.

Some of the statements we make in this press release are forward-looking within the meaning of the federal securities laws, which are intended to be covered by the safe harbors created thereby. Those forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations including, but not limited to, future financial and operating results, the Company’s plans, objectives, expectations and other statements that are not historical facts. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results in future periods to differ materially from those anticipated in the forward-looking statements. These risk factors and uncertainties are more fully described in Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K/A for the fiscal year ended September 30, 2014 and as amended and restated in Part II, Item 1A. “Risk Factors” in our Quarterly Report on Form 10-Q/A for the quarter ended December 31, 2014, filed with the Securities and Exchange Commission, and other filings with the Securities and Exchange Commission.

Although we believe that the assumptions underlying the forward-looking statements contained in this press release are reasonable, any of these assumptions could prove to be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by the Company or any other person that our objectives and plans will be achieved. We undertake no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

FRANKLIN, Tennessee (June 5, 2015) — IASIS Healthcare® LLC (“IASIS” or the “Company”) today announced that Mountain Point Medical Center, a new, full-service hospital, opened its doors and began caring for patients in and around Lehi, Utah, this week.

Mountain Point is a 124,000-square-foot hospital designed to provide comprehensive healthcare services for residents of the rapidly growing northern Utah County area. The new hospital is located at 3000 North Triumph Boulevard, Lehi, UT 84043.

“We have been preparing for this day for over two years and are thrilled that we can now provide high-quality healthcare to this growing community,” said Carl Whitmer, President and CEO of IASIS Healthcare. “We are proud of the skilled and experienced staff at Mountain Point that is committed to providing excellent care and service, and we look forward to serving patients in this community for many years to come. IASIS remains focused, along with our medical staffs, on continuing to improve access to high-quality, cost-effective healthcare for employers and residents of Utah.”

Mountain Point is equipped with state-of-the-art medical equipment and advanced technology and offers a 24-hour, full-service emergency department, intensive care unit, full-service laboratory, labor and delivery suites, level II nursery, diagnostic imaging services, cardiac catheterization laboratory, general medical and surgical inpatient services, and a number of medical specialties. A 60,000-square-foot integrated medical office building is occupied by primary care and multi-specialty physician groups practicing in the area.

“The opening of Mountain Point Medical Center is exciting for our team and the Utah County community,” said Edward Lamb, FACHE, Western Division President of IASIS Healthcare. “Mountain Point Medical Center strives to provide seamless access to high-quality healthcare, which means extending services and medical expertise throughout northern Utah County.”

The more than $80-million facility has been designed to serve the growing transition to outpatient-related services and has been constructed with the capability to expand depending on community need and demand for services in the northern Utah County area.

Mountain Point has opened with nearly 250 employees. In excess of 220 physicians and other medical providers, representing a wide range of medical specialties, serve on the hospital’s medical staff.

Mountain Point Medical Center is one of five IASIS Healthcare facilities in Utah. IASIS also operates Health Choice Utah, a managed health plan providing Medicaid services to residents in Davis, Salt Lake, Utah and Weber counties. Mountain Point Medical Center will be included in IASIS’ Health Choice Utah Preferred Network, a Salt Lake City-area healthcare provider network that collaborates with third party insurers to create high-quality, cost-effective managed care solutions. For more information about Mountain Point Medical Center, please visit www.mountainpointmedicalcenter.com.

About IASIS Healthcare

IASIS Healthcare is a healthcare services company that seeks to deliver high-quality, cost-effective healthcare through a broad and differentiated set of capabilities and assets that include acute care hospitals with related patient access points and a diversified managed care risk platform. With total annual revenue of approximately $2.6 billion, IASIS, headquartered in Franklin, Tennessee, owns and operates 16 acute care hospitals, one behavioral hospital and multiple other access points, including 144 physician clinics, multiple outpatient surgical units, imaging centers, and investments in urgent care centers and on-site employer-based clinics. Health Choice, the Company’s managed care risk platform, delivers services to more than 374,000 covered lives through its multiple health plans, accountable care networks and agreements to serve as a management services organization with third party insurers. Mountain Point Medical Center is a campus of Jordan Valley Medical Center, in which physicians own a minority interest. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.

Some of the statements we make in this press release are forward-looking within the meaning of the federal securities laws, which are intended to be covered by the safe harbors created thereby. Those forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations including, but not limited to, future financial and operating results, the Company’s plans, objectives, expectations and other statements that are not historical facts. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results in future periods to differ materially from those anticipated in the forward-looking statements. These risk factors and uncertainties are more fully described in Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K/A for the fiscal year ended September 30, 2014 and as amended and restated in Part II, Item 1A. “Risk Factors” in our Quarterly Report on Form 10-Q/A for the quarter ended December 31, 2014, filed with the Securities and Exchange Commission, and other filings with the Securities and Exchange Commission.

Although we believe that the assumptions underlying the forward-looking statements contained in this press release are reasonable, any of these assumptions could prove to be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by the Company or any other person that our objectives and plans will be achieved. We undertake no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

Contacts

IASIS Healthcare LLC
Investor Contact:
W. Carl Whitmer, 615-844-2747
President and Chief Executive Officer
or
John M. Doyle, 615-844-2747
Chief Financial Officer
or
Media Contact:
Cara Jackson, 615-467-1255
VP, Corporate Communications

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