AdventHealth, Intermountain Plan 8-Hospital Denver Venture as Costs Squeeze Colorado Providers
Updated
Updated · The Colorado Sun · Jul 21
AdventHealth, Intermountain Plan 8-Hospital Denver Venture as Costs Squeeze Colorado Providers
3 articles · Updated · The Colorado Sun · Jul 21
Summary
A letter of intent signed Tuesday would combine five AdventHealth hospitals with three Intermountain hospitals in the Denver metro area, creating a joint venture centered on 8 facilities.
AdventHealth would manage day-to-day operations at Intermountain’s Good Samaritan, Lutheran and Platte Valley hospitals, while the deal also folds in physician practices, clinics, freestanding ERs and urgent cares.
Both systems said the tie-up would expand access and better connect care, but they did not say whether the venture will get a new name or trigger layoffs and back-office consolidation.
The move comes as Colorado hospitals face rising costs and uncertainty over federal Medicaid and insurance funding, adding pressure to find scale.
It also follows recent breakups for both partners: AdventHealth’s 2023 split from CommonSpirit’s Centura venture and Intermountain’s loss of Kaiser Permanente contracts in Colorado.