EX-99.1
2
d605827dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Investor Contact:
Media Contact:
W. Carl Whitmer
Michele M. Simpson
President and Chief Executive Officer
VP, Corporate Communications
or
(615) 467-1255
John M. Doyle
Chief Financial Officer
(615) 844-2747
IASIS HEALTHCARE FINALIZES REAL ESTATE TRANSACTION
FRANKLIN, Tennessee (September 30, 2013) - IASIS Healthcare
®
LLC ("IASIS"), a leading
provider of high quality, affordable healthcare services, today announced completion of the previously announced sale-leaseback transaction with Medical Properties Trust, Inc. ("MPT") involving the land and buildings associated with
Glenwood Regional Medical Center in West Monroe, LA; Mountain Vista Medical Center in Mesa, AZ; and The Medical Center of Southeast Texas in Port Arthur, TX.
IASIS continues to own and operate the business of these three hospitals and now leases the land and the buildings associated with these facilities from MPT
at attractive, long-term lease rates with favorable renewal options. The agreement also includes a right-of-first refusal clause that gives IASIS the opportunity to repurchase any and all assets, should MPT decide to sell. Additionally, IASIS and
MPT agreed to an amendment at IASIS' Pioneer Valley Hospital in West Valley City, Utah, that reduces the rent, provides for additional capital for improvement projects funded by MPT and extends the term of that pre-existing lease with MPT.
IASIS plans to use the transaction proceeds of $281.3 million from this sale-leaseback transaction in a variety of strategic initiatives aimed at, among other
things, growth in existing markets and expansion into new markets.
About IASIS Healthcare
IASIS Healthcare, located in Franklin, Tennessee, is a leading provider of high quality, affordable healthcare services in urban and suburban markets. With
total annual net revenue of approximately $2.4 billion, IASIS owns and operates 19 acute care hospitals, one behavioral health hospital, several outpatient service facilities, more than 160 physician clinics, and Medicaid and Medicare managed
health plans in Arizona and Utah that serve more than 176,000 members. IASIS' healthcare facilities offer a variety of access points for convenient patient care in numerous regions across the U.S., including: Salt Lake City, Utah; Phoenix,
Arizona; Tampa-St. Petersburg, Florida; five cities in Texas, including Houston and San Antonio; Las Vegas, Nevada; and West Monroe, Louisiana. 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 the Company's Annual Report on Form 10-K for the fiscal year ended
September 30, 2012, 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
.
-END-

EX - 99 . 1 2 d605827dex991 . htm EX - 99 . 1 EX - 99 . 1 Exhibit 99 . 1 Investor Contact : Media Contact : W . Carl Whitmer Michele M. Simpson President and Chief Executive Officer VP , Corporate Communications or ( 615 ) 467 - 1255 John M . Doyle Chief Financial Officer ( 615 ) 844 - 2747 IASIS HEALTHCARE FINALIZES REAL ESTATE TRANSACTION FRANKLIN , Tennessee ( September 30 , 2013 ) - IASIS Healthcare ® LLC ( " IASIS " ) , a leading provider of high quality , affordable healthcare services , today announced completion of the previously announced sale - leaseback transaction with Medical Properties Trust , Inc . ( " MPT " ) involving the land and buildings associated with Glenwood Regional Medical Center in West Monroe , LA ; Mountain Vista Medical Center in Mesa , AZ ; and The Medical Center of Southeast Texas in Port Arthur , TX . IASIS continues to own and operate the business of these three hospitals and now leases the land and the buildings associated with these facilities from MPT at attractive , long - term lease rates with favorable renewal options . The agreement also includes a right - of - first refusal clause that gives IASIS the opportunity to repurchase any and all assets , should MPT decide to sell . Additionally , IASIS and MPT agreed to an amendment at IASIS ' Pioneer Valley Hospital in West Valley City , Utah , that reduces the rent , provides for additional capital for improvement projects funded by MPT and extends the term of that pre - existing lease with MPT . IASIS plans to use the transaction proceeds of $ 281.3 million from this sale - leaseback transaction in a variety of strategic initiatives aimed at , among other things , growth in existing markets and expansion into new markets . About IASIS Healthcare IASIS Healthcare , located in Franklin , Tennessee , is a leading provider of high quality , affordable healthcare services in urban and suburban markets . With total annual net revenue of approximately $ 2.4 billion , IASIS owns and operates 19 acute care hospitals , one behavioral health hospital , several outpatient service facilities , more than 160 physician clinics , and Medicaid and Medicare managed health plans in Arizona and Utah that serve more than 176,000 members . IASIS ' healthcare facilities offer a variety of access points for convenient patient care in numerous regions across the U . S . , including : Salt Lake City , Utah ; Phoenix , Arizona ; Tampa - St . Petersburg , Florida ; five cities in Texas , including Houston and San Antonio ; Las Vegas , Nevada ; and West Monroe , Louisiana . 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 the Company 's Annual Report on Form 10 - K for the fiscal year ended September 30 , 2012 , 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 . - END -