Iasis Healthcare

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IASIS Healthcare
Type LLC
Industry Health care
Founded 1998
Headquarters Franklin, TN, United States
Number of locations 18
Key people W. Carl Whitmer (CEO)
Total assets Increase US$2.8 billion (2011)
Owner(s) TPG Capital
Website http://www.iasishealthcare.com

IASIS, located in Franklin, Tennessee, is a leading[citation needed] owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. IASIS owns or leases 18 acute care hospital facilities and one behavioral health hospital facility with a total of 4,362 licensed beds and has total annual net revenue of approximately $2.8 billion. These hospital facilities are located in seven regions: Salt Lake City, Utah; Phoenix, Arizona; Tampa-St. Petersburg, Florida; five cities in Texas, including Houston and San Antonio; Las Vegas, Nevada; West Monroe, Louisiana; and Woodland Park, Colorado. IASIS also owns and operates a Medicaid and Medicare managed health plan in Phoenix that serves more than 197,000 members.

Company Background[edit]

Founded in 1998, privately held IASIS Healthcare is an owner and operator of community-focused hospitals in high-growth markets. IASIS Healthcare began principal operations in October 1999, in transactions arranged by the management team and Joseph Littlejohn & Levy. In 2004, Texas Pacific Group, a private equity firm managing over $13 billion in assets, led a group of investors to acquire IASIS. Today, TPG is the single largest stockholder in IASIS.

IASIS Healthcare Foundation[edit]

The IASIS Healthcare Foundation is a charitable organization that was created in an effort to provide healthcare services, supplies and training to disadvantaged regions around the world. Through a collaborative effort that involved many IASIS employees, friends, partners and vendors, the Foundation’s first mission was a trip to the Serengeti Region in the east African nation of Tanzania. A team of IASIS physicians and nurses spent two weeks in the region, holding clinics where primary care and surgical services were provided to local individuals with a wide variety of medical needs. That first mission was christened “Operation Starfish” - a theme that IASIS continues today.[citation needed]

Over the years, the Foundation broadened its focus to include the IASIS communities. On several different occasions, the Foundation has provided monetary assistance directly to its employees and their families affected by natural disasters including hurricanes and floods. Additional support – in the form of monetary donations and medical supplies - was used to aid Haiti in the aftermath of its devastating earthquake and the Democratic Republic of Congo in the deadly fuel-tanker explosion that killed or injured more than 500 people.

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