HCA Healthcare’s Acquisition of Steward Health Care’s Five Utah Hospitals

Debevoise & Plimpton advised HCA Healthcare on the deal.

HCA Healthcare, Inc. (NYSE:HCA) closed its agreement to acquire the operations of Steward Health Care’s five Utah hospitals. HCA Healthcare also entered into an agreement to lease the related real estate from its owner following the expected closing. 

HCA Healthcare is one of the nation’s leading providers of healthcare services comprising 187 hospitals and approximately 2,000 ambulatory sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics the U.S. and U.K.

Steward Health Care is the largest physician-led health care network and operates 44 hospitals around the world including 39 hospitals in the U.S.

SVB Leerink acted as exclusive financial advisor to Steward Health Care.

The Debevoise team was led by M&A partners Jennifer Chu (Picture) and Kevin Rinker and included associates David Becker, Benjamin Collins-Wood, Margaret Howard, Sarah Jacobson and Elina Sigal, benefits partner Simone Hicks and associate Zain Kazmi, litigation counsel Kristin Kiehn and associate Adam Aukland-Peck, and environmental counsel Stuart Hammer. The team also included corporate staff attorney Angel Shah and senior corporate transactions manager James Titone.

Involved fees earner: Adam Aukland-Peck – Debevoise & Plimpton; David Becker – Debevoise & Plimpton; Jennifer Chu – Debevoise & Plimpton; Benjamin Collins-Wood – Debevoise & Plimpton; Stuart Hammer – Debevoise & Plimpton; Simone Hicks – Debevoise & Plimpton; Margaret Howard – Debevoise & Plimpton; Sarah Jacobson – Debevoise & Plimpton; Zain Kazmi – Debevoise & Plimpton; Kristin Kiehn – Debevoise & Plimpton; Kevin Rinker – Debevoise & Plimpton; Elina Sigal – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: HCA Healthcare Inc;