Iasis Healthcare, Franklin, Tenn., said it will close 126-bed Mesa (Ariz.) General Hospital and Biltmore Surgery Center, Phoenix, this spring ahead of the end of their leases on the facilities this summer. Services will end at Mesa General on May 31 and at the surgery center on April 30. The privately held company said that the facilities combined for net revenue of $87.4 million and operating earnings of $4.4 million in the 12 months ended Dec. 31.
Iasis decided to vacate Mesa General in order to focus its resources on its four other hospitals in the Phoenix area, all of which the company owns, spokeswoman Tomi Galin said. One of those hospitals, 178-bed Mountain Vista Medical Center in Mesa, opened in July 2007. The opening of Mountain Vista had an impact on volume at Mesa General, but that wasnt the main factor behind the decision, Galin said. Iasis discussed both a new lease and acquiring the Mesa General property with its owner, Sierra Equities, Glendale, Calif., but no agreement resulted, Galin said.
Once Mesa General has closed, Iasis will own or operate 15 acute-care hospitals and one behavioral-health hospital in six states. -- by Vince Galloro