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Intermountain Health company logo
Non-Profit Foundation
HEALTHCARE
intermountainhealthcare.org

Investments

21

Portfolio Exits

12

Partners & Customers

10

About Intermountain Health

Intermountain Health is a nonprofit health system that provides patient care services. It offers services including hospitals, clinics, homecare, telehealth, and health insurance plans, serving the healthcare needs of communities in the Mountain West region. Intermountain Health was formerly known as Intermountain Healthcare. It was founded in 1975 and is based in Salt Lake City, Utah.

Headquarters Location

36 South State Street 11th floor

Salt Lake City, Utah, 84111,

United States

801-442-2000

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Research containing Intermountain Health

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Intermountain Health in 1 CB Insights research brief, most recently on Jul 15, 2024.

Latest Intermountain Health News

'We have to rethink rural healthcare': Inside Intermountain's coalition

Jan 17, 2025

Naomi Diaz - Friday, January 17th, 2025 A coalition led by Salt Lake City-based Intermountain Health is working to address the increasing challenges in rural healthcare. The coalition, which officially launched in 2023, is a partnership between Intermountain Health, Microsoft, Gates Ventures, West Health, and Epic Systems, focused on creating sustainable solutions for rural hospitals and providers. "Rural health faces a perfect storm — growing financial pressures, an aging population, and increasingly scarce resources," Dan Liljenquist, chief strategy officer at Intermountain Health, told Becker's. "It became clear that we had to rethink the way rural healthcare operates if we want to ensure its survival in the long term." With a focus on collaboration, the coalition seeks to combine the expertise of healthcare leaders with innovative technology to address systemic challenges. "There's no one-size-fits-all solution," Mr. Liljenquist said. "What we're doing is identifying critical areas of need — like technology, clinical practices, and policy — and bringing the right people together to make real, lasting change." One of the coalition's first steps was conducting extensive data collection to understand the pain points rural healthcare systems face. "We couldn't just throw solutions at the problem without really understanding the landscape. We had to start with a comprehensive data-driven approach to pinpoint the real obstacles," Mr. Liljenquist said. The coalition's analysis revealed areas where technology could have a significant impact, such as streamlining administrative processes, improving patient access through telemedicine, and providing digital tools to support clinical decision-making. "Rural hospitals are under immense strain, not only due to financial constraints but also staffing shortages," Mr. Liljenquist said. "Our goal is to help reduce administrative burdens and bring more effective tools to the bedside." Mr. Liljenquist also emphasized how the coalition is working with Epic Systems to address affordability. "One of the biggest challenges rural hospitals face is the affordability of technology," he said. "We are working with Epic to try to solve that problem." In addition to addressing technological needs, the coalition is working on developing financial models to ensure rural hospitals can thrive. "Many rural hospitals are stuck in a cycle of financial instability, with no clear path forward," Mr. Liljenquist said. "Our collaboration with West Health and Gates Ventures is specifically aimed at developing new financial frameworks that support rural hospitals and allow them to invest in innovation without the constant fear of closing their doors." The coalition is also tackling regulatory challenges, particularly around telehealth. "We're pushing for changes that allow rural hospitals to use telehealth in a more widespread, sustainable way. Right now, telehealth policies are still very fragmented and inconsistent across states. That needs to change," Mr. Liljenquist said. Looking ahead to 2025, Mr. Liljenquist expressed optimism about the coalition's potential to deliver results. "We have a roadmap, and we're already seeing signs that the coalition's approach is working. The goal is to ensure rural healthcare systems are not just surviving but thriving," he said. "We're focused on creating a future where rural providers have the resources they need to continue delivering high-quality care to their communities." The coalition's work is not only aimed at providing short-term relief but also at establishing a sustainable rural healthcare ecosystem. "If we can create a more resilient system in rural healthcare, then we have the potential to transform the entire healthcare landscape," Mr. Liljenquist said.

Intermountain Health Investments

21 Investments

Intermountain Health has made 21 investments. Their latest investment was in Foodsmart as part of their Series C - II on January 31, 2024.

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Intermountain Health Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/31/2024

Series C - II

Foodsmart

$10M

Yes

5

4/14/2023

Corporate Minority

Mountain View Hospital

Yes

1

4/14/2023

Seed

Idaho Falls Community Hospital

Yes

1

10/28/2022

Grant

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$XXM

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10

10/27/2022

Seed VC

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$XXM

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10

Date

1/31/2024

4/14/2023

4/14/2023

10/28/2022

10/27/2022

Round

Series C - II

Corporate Minority

Seed

Grant

Seed VC

Company

Foodsmart

Mountain View Hospital

Idaho Falls Community Hospital

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Amount

$10M

$XXM

$XXM

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

1

1

10

10

Intermountain Health Portfolio Exits

12 Portfolio Exits

Intermountain Health has 12 portfolio exits. Their latest portfolio exit was Syapse on December 30, 2024.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/30/2024

Acquired

$XXM

2

1/1/2022

Spinoff / Spinout

Culmination Bio

$XXM

1

8/10/2021

Acquired

$XXM

7

7/20/2021

Acquired

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$XXM

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10

5/4/2021

Acquired

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$XXM

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10

Date

12/30/2024

1/1/2022

8/10/2021

7/20/2021

5/4/2021

Exit

Acquired

Spinoff / Spinout

Acquired

Acquired

Acquired

Companies

Culmination Bio

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

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Sources

2

1

7

10

10

Intermountain Health Acquisitions

3 Acquisitions

Intermountain Health acquired 3 companies. Their latest acquisition was Intermountain Health Nevada on September 01, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/1/2023

$XXM

Acquired

1

9/16/2021

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$XXM

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10

4/12/2021

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$XXM

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10

Date

9/1/2023

9/16/2021

4/12/2021

Investment Stage

Companies

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Valuation

$XXM

$XXM

$XXM

Total Funding

Note

Acquired

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Sources

1

10

10

Intermountain Health Partners & Customers

10 Partners and customers

Intermountain Health has 10 strategic partners and customers. Intermountain Health recently partnered with NeuroFlow on January 1, 2025.

Date

Type

Business Partner

Country

News Snippet

Sources

1/7/2025

Partner

United States

NeuroFlow inks deal with Intermountain Health for behavioral health

The deal expands and reinforces the commercial partnership between NeuroFlow and Intermountain Health that was unveiled earlier this year .

1

12/16/2024

Partner

Microsoft, Epic, West Health, and Gates Ventures

United States, United Kingdom, and

1

11/27/2024

Partner

United States

1

11/4/2024

Partner

United States

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10

10/8/2024

Partner

United States

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10

Date

1/7/2025

12/16/2024

11/27/2024

11/4/2024

10/8/2024

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Microsoft, Epic, West Health, and Gates Ventures

Country

United States

United States, United Kingdom, and

United States

United States

United States

News Snippet

NeuroFlow inks deal with Intermountain Health for behavioral health

The deal expands and reinforces the commercial partnership between NeuroFlow and Intermountain Health that was unveiled earlier this year .

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Sources

1

1

1

10

10

Intermountain Health Team

75 Team Members

Intermountain Health has 75 team members, including , .

Name

Work History

Title

Status

Brian Mckenna

Founder

Current

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Name

Brian Mckenna

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Work History

Title

Founder

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Status

Current

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