Intermountain Health Care, the Salt Lake-based organization health care organization, has sold its equity in the 246-bed Eastern Idaho Regional Medical Center to Health Trust Inc. of Nashville, Tenn.
The terms were not announced.IHC President Scott S. Parker said net proceeds from the sale of the Idaho Falls facility, estimated at a minimum of $5 million, will go to the IHC Foundation to help fund health care services for the poor as well as other charitable activities.
These activities include the operation of low-cost clinics in Salt Lake City, Sandy and Kearns, operating a free clinic for Indochinese immigrants and refugees at the New Hope Multicultural Center and support for free clinics in homeless shelters and the St. Vincent De Paul soup kitchen.
IHC began serving patients in Idaho Falls in 1975 when it assumed ownership of the former Idaho Falls LDS Hospital from the LDS Church. Three years later, the hospital was merged with the Idaho Falls Community Hospital to form Idaho Falls Consolidated Hospitals.
The consolidated hospitals gained state and federal approval in 1982 to build a new hospital to replace the two old ones. Two years later, the Community Hospital board of trustees sold its interests in IFCH to Hospital Corporation of America.
IHC and HCA became partners in the new Eastern Idaho Regional Medical Center, Parker said.