Predict your next investment

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

Investments

15

Portfolio Exits

8

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

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

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

Adherium’s Smartinhaler Chosen for iCARE Study on Adherence

Sep 16, 2025

Adherium’s Smartinhaler Chosen for iCARE Study on Adherence September 16, 2025 Preliminary results from a groundbreaking and transformational real-world study by Adherium Limited (ASX:ADR), a global leader in connected respiratory health solutions through its Hailie® Smartinhaler® technology – together with research from Intermountain Health, a leading nonprofit health system based in Salt Lake City and CareCentra, an AI-driven prevention-as-a-service remote monitoring platform – has resulted in significant positive clinical outcomes, including record adherence rates and consistent engagement with chronic obstructive pulmonary disease (COPD) and asthma patients. Researchers say results of the iCARE study (‘the Study’) are promising and may redefine what is possible in COPD and asthma care. The iCARE study included the supply of 4,000 Hailie® Smartinhalers®, supporting up to 2,500 COPD and asthma patients across five Intermountain Health facilities over two years. This underscores both the scale of the program and the early commercial adoption of Adherium’s suite of Hailie® devices. “By generating actionable patient data, including biometrics from Adherium’s Hailie® Smartinhaler® technology, the iCARE study demonstrates breakthrough adherence, unprecedented patient persistence, reduced hospitalizations, and significant potential cost savings laying the foundation for a scalable, value-based care model with global commercial relevance,” said Adherium Chief Executive Officer, Dawn Bitz. Analysis of the nearly 850 Intermountain Health patients enrolled in the iCARE program for the Study, of which more than 9 out of 10 remain active participants, demonstrated exciting results. Among important findings, adherence was evaluated in a subset of patients with connected controller inhalers and at least 30 days of inhalation data. Across this group, the typical patient used their inhaler as prescribed nearly two-thirds of the time, far higher than the roughly one-in-five times typically reported in these populations, making this one of the strongest independent, real-world adherence outcomes recorded in chronic respiratory care. Nearly four in ten patients reached the critical threshold of greater than 80% adherence, a level long associated with nearly 50% fewer respiratory attacks. This closes one of the largest historical gaps in respiratory management unlocking value for patients, providers, payers, and investors alike. Separately, analysis of nearly 700 patients demonstrated clinically meaningful improvements across multiple dimensions of respiratory care including reductions in inpatient admissions, 30-day readmissions, and average length of stay; lower reliance on rescue medications; resulting in decreases in overall cost of care. The iCARE program also demonstrated 54% persistence (“stickiness”) among active users of the CareCentra remote monitoring platform, calculated over a 14-month period. Engagement tended to be highest in older patients, who are the least likely to adopt or sustain digital health interventions. These patients also represent the highest-cost segment of the healthcare system, resulting in most hospitalizations and readmissions. Compared to the 30–45% persistence typically reported in behavior-change programs, iCARE’s stickiness results indicate that even the most vulnerable patients are consistently engaging, highlighting the unique impact of iCARE. Final long-term loyalty data will be released in due course, but these statistically significant persistence results already serve as a leading indicator of iCARE’s ability to sustain engagement over time and deliver enduring value for patients, payers, and health systems. “These interim results represent one of the strongest demonstrations yet, that digital health can deliver both measurable patient impact and health system value at scale,” said Bitz. “By combining innovative connected inhaler technology with CareCentra’s AI-driven behavioral engagement, we are not only improving adherence but also validating a sustainable, value-based care model. This is the kind of data that moves digital health from promise to proven impact. “At the same time, outpatient encounters are increasing, reflecting earlier, proactive interventions that prevent costly crisis-level exacerbations,” said Bitz. Together, these shifts demonstrate iCARE’s potential to fundamentally bend the cost curve in respiratory disease management—an outcome highly aligned with payer priorities in both U.S. and Australian markets. “For patients living with chronic respiratory disease, what happens between clinic visits often determines whether their condition stabilizes or escalates,” said Intermountain Health Research Director for Respiratory Care Clinical Services, Kim Bennion. “Through the iCARE program with continuous respiratory monitoring and nudging technology, we are giving our patients the tools and support to stay on therapy, avoid hospitalizations, and maintain a higher quality of life. These early results affirm the power of technology-enabled care to extend our reach beyond the hospital and clinic walls.” The Study also presents opportunities for deeper analysis by condition type (COPD vs. asthma), patient severity (e.g., prior hospitalizations, GINA or GOLD classifications), environmental and weather-related factors, and socioeconomic influences on participation and outcomes, said Bennion. With these interim results, iCARE demonstrates not only its ability to improve patient outcomes but also its potential to scale as a commercially viable, value-based care platform across U.S., Australian, and global health systems. A more comprehensive dataset will be released later this year, including detailed breakdowns by disease category, patient severity, and payor type. PR Newswire PR Newswire empowers communicators to identify and engage with key influencers, craft and distribute meaningful stories, and measure the financial impact of their efforts. Cision is a leading global provider of earned media software and services to public relations and marketing communications professionals. previous post

Intermountain Health Investments

15 Investments

Intermountain Health has made 15 investments. Their latest investment was in Foodsmart as part of their Series C - II on January 31, 2024.

CBI Logo

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

Seed

Idaho Falls Community Hospital

Yes

1

4/14/2023

Corporate Minority

Mountain View Hospital

Yes

1

10/28/2022

Grant

Subscribe to see more

$XXM

Subscribe to see more

10

10/27/2022

Seed VC

Subscribe to see more

$XXM

Subscribe to see more

10

Date

1/31/2024

4/14/2023

4/14/2023

10/28/2022

10/27/2022

Round

Series C - II

Seed

Corporate Minority

Grant

Seed VC

Company

Foodsmart

Idaho Falls Community Hospital

Mountain View Hospital

Subscribe to see more

Subscribe to see more

Amount

$10M

$XXM

$XXM

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

5

1

1

10

10

Intermountain Health Portfolio Exits

8 Portfolio Exits

Intermountain Health has 8 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

Subscribe to see more

$XXM

10

4/13/2021

Acquired

Subscribe to see more

$XXM

Subscribe to see more

10

11/5/2020

Acquired

Subscribe to see more

$XXM

Subscribe to see more

10

9/17/2018

Acquired

Subscribe to see more

$XXM

Subscribe to see more

10

Date

12/30/2024

1/1/2022

4/13/2021

11/5/2020

9/17/2018

Exit

Acquired

Spinoff / Spinout

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

2

10

10

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

Subscribe to see more

$XXM

Subscribe to see more

10

4/12/2021

Subscribe to see more

$XXM

Subscribe to see more

10

Date

9/1/2023

9/16/2021

4/12/2021

Investment Stage

Companies

Subscribe to see more

Subscribe to see more

Valuation

$XXM

$XXM

$XXM

Total Funding

Note

Acquired

Subscribe to see more

Subscribe to see more

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 Foundation Health on July 7, 2025.

Date

Type

Business Partner

Country

News Snippet

Sources

7/29/2025

Vendor

United States

Intermountain Health Taps Foundation Health to Automate Patient Outreach in Specialty Pharmacy

-- In a new strategic partnership , Foundation Health 's PAIGE AI platform will be used to automate patient outreach and communication workflows in an initial 6-month program at Intermountain Health 's specialty pharmacy operations .

1

5/23/2025

Partner

United States

Perimeter Medical Imaging AI Teams Up with Intermountain Health to Explore the Impact of OCT and AI on Cancer Surgeries

This partnership between Perimeter and Intermountain Health is more than just a research collaboration , it 's a step toward redefining how cancer surgeries are performed and evaluated .

1

5/23/2025

Partner

United States

Perimeter Partners with Intermountain Health to Study the Potential Clinical, Social and Economic Benefits of Using OCT and AI to Reduce Cancer Reoperations

Canada NewsWire TORONTO and DALLAS , May 23 , 2025 TORONTO and DALLAS , May 23 , 2025 / CNW / - Perimeter , a commercial-stage medical technology company , is pleased to announce that it has entered into a Development Support Agreement with Salt Lake City - based Intermountain Health , the largest nonprofit health system in the Intermountain West .

4

12/16/2024

Partner

Microsoft, Epic, West Health, and Gates Notes

United States, and United Kingdom

Subscribe to see more

Subscribe to see more

10

11/27/2024

Partner

United States

Subscribe to see more

Subscribe to see more

10

Date

7/29/2025

5/23/2025

5/23/2025

12/16/2024

11/27/2024

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Microsoft, Epic, West Health, and Gates Notes

Country

United States

United States

United States

United States, and United Kingdom

United States

News Snippet

Intermountain Health Taps Foundation Health to Automate Patient Outreach in Specialty Pharmacy

-- In a new strategic partnership , Foundation Health 's PAIGE AI platform will be used to automate patient outreach and communication workflows in an initial 6-month program at Intermountain Health 's specialty pharmacy operations .

Perimeter Medical Imaging AI Teams Up with Intermountain Health to Explore the Impact of OCT and AI on Cancer Surgeries

This partnership between Perimeter and Intermountain Health is more than just a research collaboration , it 's a step toward redefining how cancer surgeries are performed and evaluated .

Perimeter Partners with Intermountain Health to Study the Potential Clinical, Social and Economic Benefits of Using OCT and AI to Reduce Cancer Reoperations

Canada NewsWire TORONTO and DALLAS , May 23 , 2025 TORONTO and DALLAS , May 23 , 2025 / CNW / - Perimeter , a commercial-stage medical technology company , is pleased to announce that it has entered into a Development Support Agreement with Salt Lake City - based Intermountain Health , the largest nonprofit health system in the Intermountain West .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

1

4

10

10

Intermountain Health Team

81 Team Members

Intermountain Health has 81 team members, including current Chief Executive Officer, President, Robert W. Allen.

Name

Work History

Title

Status

Robert W. Allen

Chief Executive Officer, President

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Robert W. Allen

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Executive Officer, President

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Compare Intermountain Health to Competitors

Trinity Health Logo
Trinity Health

Trinity Health is a notforprofit, Catholic health care system and focuses on patient care and community health services. The organization operates a network of hospitals, continuing care locations, and urgent care centers, providing a range of healthcare services to diverse communities. Trinity Health also engages in health advocacy and diversity and inclusion initiatives to support the well-being of the communities it serves. It was founded in 2013 and is based in Livonia, Michigan.

CommonSpirit Health Logo
CommonSpirit Health

CommonSpirit Health focuses on building healthier communities and providing healthcare services. The organization offers a range of medical services, including routine checkups, chronic condition management, emergency services, and specialized care in areas such as heart health, cancer treatment, orthopedics, and women's health. CommonSpirit Health operates a network of hospitals, clinics, and care sites offering comprehensive healthcare services. It was founded in 2019 and is based in Chicago, Illinois.

C
Corewell Health

Corewell Health operates in the healthcare sector. The company offers health care services, including hospital care, outpatient care, and health coverage through its provider-sponsored health plan. Corewell Health serves individuals seeking medical services and health insurance. Corewell Health was formerly known as Spectrum Health. It was founded in 1997 and is based in Grand Rapids, Michigan.

Stanford Health Care Logo
Stanford Health Care

Stanford Health Care (SHC) is a healthcare provider that offers services, including cancer care, cardiovascular medicine, neurosciences, organ transplant, and primary care. It serves patients seeking preventive and routine healthcare. It was founded in 1885 and is based in Palo Alto, California.

Advocate Health Care Logo
Advocate Health Care

Advocate Health Care is a health system. It provides hospital care, primary care, and specialty care including cancer, heart and vascular, orthopedic, women's health, gastroenterology, and neuroscience services. Advocate Health Care also offers virtual health options and wellness management. It was founded in 1995 and is based in Downers Grove, Illinois.

Banner Health Logo
Banner Health

Banner Health is a nonprofit health care system that operates in the health care industry. The company provides a range of medical services including urgent care, imaging, surgery centers, maternity, hospice, home care, telehealth, and emergency services. Banner Health primarily serves patients seeking various health care services. It was founded in 1999 and is based in Phoenix, Arizona.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.