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                                                                    EXHIBIT 99.2

                           JORDAN VALLEY HOSPITAL, LP

                              FINANCIAL STATEMENTS

                                    CONTENTS

<TABLE>
<S>                                                                                                             <C>
Condensed Balance Sheets at December 31, 2003 (Unaudited) and September 30, 2003........................        2
Condensed Statements of Operations for the Three Months Ended December 31, 2003 and 2002 (Unaudited)....        3
Condensed Statements of Cash Flows for the Three Months Ended December 31, 2003 and 2002 (Unaudited)....        4
Notes to Unaudited Condensed Financial Statements.......................................................        5
</TABLE>

                                       1

<PAGE>

                           JORDAN VALLEY HOSPITAL, LP
                            CONDENSED BALANCE SHEETS
                  (IN THOUSANDS, EXCEPT SHARE AND UNIT AMOUNTS)

<TABLE>
<CAPTION>
                                                                          (UNAUDITED)
                                                                           DECEMBER 31,                    SEPTEMBER 30,
                                                                              2003                             2003
                                                                         ---------------                 ----------------
<S>                                                                      <C>                             <C>
ASSETS
Current assets:
   Cash.....................................................             $          -                    $         189
   Accounts receivable net of allowance for doubtful
     accounts of $4,174 and $2,507, respectively............                    8,103                            6,938
   Inventories..............................................                    1,220                            1,210
   Prepaid expenses and other current assets................                      257                              429
                                                                         ------------                    -------------
     Total current assets...................................                    9,580                            8,766
Property and equipment, net.................................                   39,599                           36,670
Goodwill....................................................                    8,925                            8,925
Due from affiliate..........................................                      368                            4,396
Other assets, net...........................................                    1,308                            1,165
                                                                         ------------                    -------------
     Total assets...........................................             $     59,780                    $      59,922
                                                                         ============                    ==============
LIABILITIES AND PARTNER'S CAPITAL
Current liabilities:
   Accounts payable.........................................             $      2,948                    $       2,431
   Salaries and benefits payable............................                    1,252                            1,496
   Accrued expenses and other current liabilities...........                       98                              242
   Current portion of capital lease obligations.............                      352                              346
   Current portion of debt allocated from IASIS.............                      625                              611
                                                                         ------------                    -------------
     Total current liabilities..............................                    5,275                            5,126
Debt allocated from IASIS...................................                   31,244                           31,406
Capital lease obligations...................................                      931                            1,029
Redeemable limited partnership units - $20,000 per unit;
   2,724 units issued and outstanding at December 31, 2003
   and September 30, 2003...................................                   21,695                           21,726
Partner's capital:
   General partner - 1% ownership interest at December 31,
     2003 and September 30, 2003........................                          635                              635
                                                                         ------------                    -------------
     Total liabilities and partner's capital................             $     59,780                    $      59,922
                                                                         ============                    =============
</TABLE>

See accompanying notes

                                       2

<PAGE>

                           JORDAN VALLEY HOSPITAL, LP
                 CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
                     (IN THOUSANDS, EXCEPT PER UNIT AMOUNTS)

<TABLE>
<CAPTION>
                                                                                 PREDECESSOR (SEE NOTE 1)
                                                                                 -------------------------
                                                          THREE MONTHS ENDED         THREE MONTHS ENDED
                                                             DECEMBER 31,               DECEMBER 31,
                                                                2003                       2002
                                                          -------------------      ---------------------
<S>                                                       <C>                    <C>
Net revenue ..................................                $  14,914                  $12,305
Costs and expenses:
   Salaries and benefits .....................                    4,716                    4,238
   Supplies ..................................                    1,534                    1,519
   Other operating expenses ..................                    2,303                    1,916
   Provisions for bad debts ..................                    1,306                    1,085
   Interest, net .............................                      624                    1,502
   Depreciation and amortization .............                      602                      764
   Management fees ...........................                      298                      572
                                                              ---------                  -------
     Total costs and expenses ................                   11,383                   11,596
                                                              ---------                  -------
Net income ...................................                $   3,531                  $   709
                                                              =========                  =======
Net income attributable to general partner....                $      35
                                                              =========
Net income attributable to limited partners...                $   3,496
                                                              =========
Net income per limited partnership unit ......                $1,283.14
                                                              =========
</TABLE>

See accompanying notes

                                       3

<PAGE>

                           JORDAN VALLEY HOSPITAL, LP
                 CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)
                                 (IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                                              PREDECESSOR (SEE NOTE 1)
                                                                                              -------------------------
                                                                   THREE MONTHS ENDED            THREE MONTHS ENDED
                                                                      DECEMBER 31,                  DECEMBER 31,
                                                                         2003                          2002
                                                                   -----------------               ---------------
<S>                                                                <C>                        <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income...............................................            $      3,531                  $    709
Adjustments to reconcile net income to net cash
   provided by operating activities:
   Depreciation and amortization.........................                     602                       764
   Changes in operating assets and liabilities:
     Accounts receivable.................................                  (1,165)                       11
     Inventories, prepaid expenses and other current
     assets..............................................                     162                       184
     Accounts payable, salaries and benefits payable,
       accrued expenses and other current liabilities....                     129                      (766)
                                                                     ------------                  --------
         Net cash provided by operating activities.......                   3,259                       902
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment, net                                   (3,530)                     (198)
Change in other assets...................................                    (143)                     (104)
                                                                     ------------                  --------
         Net cash used in investing activities...........                  (3,673)                     (302)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of debt allocated from IASIS.....................                    (148)                        -
Payment of capital lease obligations.....................                     (92)                      (78)
Change in due to/from affiliate, net.....................                     576                      (522)
Distribution to partners.................................                    (111)                        -
                                                                     ------------                  --------
         Net cash provided by (used in) financing
          activities.....................................                     225                      (600)
                                                                     ------------                  --------
Change in cash...........................................                    (189)                        -
Cash at beginning of period..............................                     189                         -
                                                                     ------------                  --------
Cash at end of period....................................            $          -                  $      -
                                                                     ============                  ========
</TABLE>

See accompanying notes

                                       4

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                           JORDAN VALLEY HOSPITAL, LP
                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

1.       ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

Jordan Valley Hospital, LP, a Delaware limited partnership (the "Partnership")
was formed on February 11, 2003 to own and operate Jordan Valley Hospital (the
"Hospital"). The Hospital is a 50-bed acute care hospital that provides
inpatient, outpatient and emergency care services to residents in and around the
Salt Lake City, Utah area. The Partnership's general partner is IASIS Healthcare
Holdings, Inc. ("General Partner") and the limited partners consist of Jordan
Valley Hospital Holdings, Inc., a wholly-owned subsidiary of IASIS Healthcare
Corporation ("IASIS"), and other third-party investors. The General Partner is a
wholly-owned subsidiary of IASIS. IASIS is a for-profit hospital management
company that owned and operated 14 acute care hospitals in four states at
December 31, 2003. IASIS also owns and operates a behavioral health center in
Phoenix, Arizona and has an ownership interest in three ambulatory surgery
centers. In addition, IASIS owns and operates a Medicaid managed health plan in
Phoenix.

On April 1, 2003, the Partnership sold 72 redeemable limited partner units in
the Partnership in a private placement offering. Prior to this transaction, the
Hospital was owned and operated by Jordan Valley Hospital, Inc. In connection
with the transaction, Jordan Valley Hospital, Inc. changed its name to Jordan
Valley Hospital Holdings, Inc. and contributed substantially all of its assets
to the Partnership in exchange for 2,652 redeemable limited partner units.
Jordan Valley Hospital Holdings, Inc. currently owns a 96.4% interest in the
Partnership.

The financial statements for all periods prior to April 1, 2003 reflect the
financial position, result of operations and cash flows of Jordan Valley
Hospital, Inc., the Partnership's predecessor entity (the "Predecessor"). The
financial statements for all periods subsequent to April 1, 2003, reflect the
financial position, results of operations and cash flows for the Hospital as
operated by the Partnership. Unless stated otherwise as the Predecessor or the
Partnership, all references to the Hospital include the operations of both the
Predecessor and the Partnership.

The Partnership's Limited Partnership Agreement (the "Partnership Agreement")
provides that income, losses and distributions will be shared pro rata among the
partners.

The unaudited condensed financial statements include the accounts of the
Partnership and have been prepared in accordance with accounting principles
generally accepted in the United States for interim financial reporting and in
accordance with Rule 10-01 of Regulation S-X. Accordingly, they do not include
all of the information and notes required by accounting principles generally
accepted in the United States for complete financial statements. The balance
sheet at September 30, 2003 has been derived from the audited financial
statements at that date but does not include all of the information and
footnotes required by accounting principles generally accepted in the United
States for complete financial statements. For further information, refer to the
financial statements and footnotes thereto included in the Partnership's Annual
Report on Form 10-K for the fiscal year ended September 30, 2003.

In the opinion of management, the accompanying unaudited condensed financial
statements contain all material adjustments (consisting of normal recurring
items) necessary for a fair presentation of results for the interim periods
presented. The results of operations for any interim period are not necessarily
indicative of results for the full year.

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the amounts reported in the accompanying financial
statements and notes. Actual results could differ from those estimates.

2.       DEBT ALLOCATED FROM IASIS

In conjunction with the acquisition of the Hospital, the Predecessor entered
into a promissory note (the "Note") with IASIS in the amount of $45,080,000.
Under provisions of the Note, interest of 13% per annum is due and payable on
October 1, of each year until October 1, 2004, at which time the entire
outstanding principal balance, together with all accrued and unpaid interest, is
immediately due and payable in full. The Note can be prepaid in whole or in part
without premium or penalty and reborrowed up to the stated principal amount. The
Predecessor remains obligated to IASIS under the Note, while the Partnership has
no obligation to IASIS or the Predecessor under the Note.

                                       5

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                           JORDAN VALLEY HOSPITAL, LP
                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
                                  (CONTINUED)

In connection with its initial capitalization on April 1, 2003, the Partnership
entered into a new promissory note (the "New Note") with the Predecessor in the
amount of $32,301,000. The New Note is a five-year note bearing interest at 9.3%
per annum on a twenty-year amortization schedule.

3.       CONTINGENCIES

NET REVENUE

The calculation of appropriate payments from the Medicare and Medicaid programs
as well as terms governing agreements with other third-party payors are complex
and subject to interpretation. Final determination of amounts earned under the
Medicare and Medicaid programs often occurs subsequent to the year in which
services are rendered because of audits by the programs, rights of appeal and
the application of numerous technical provisions. As a result, there is at least
a reasonable possibility that recorded estimates will change by a material
amount in the near term. In the opinion of management, adequate provision has
been made for adjustments that may result from such routine audits and appeals.

PROFESSIONAL, GENERAL AND WORKERS' COMPENSATION LIABILITY RISKS

IASIS, on behalf of the Partnership, maintains general and professional
liability insurance as well as workers' compensation insurance in excess of
self-insured retentions through a commercial insurance carrier in amounts that
IASIS believes to be sufficient for the Partnership, although, potentially, some
claims may exceed the scope of coverage in effect. The cost of general and
professional liability and workers' compensation coverage including the full
self-insured retention exposure is allocated by IASIS to the Partnership based
upon adjusted patient days. IASIS maintains reserves for general and
professional liability and workers' compensation. Accordingly, no reserve for
liability risks is recorded on the accompanying condensed balance sheets. The
Partnership is currently not a party to any such proceedings that, in the
Partnership's opinion, would have a material adverse effect on its business,
financial condition or results of operations.

The Partnership participates in a self-insured program for health insurance
administered by IASIS. IASIS allocates costs of the program based upon the
number of program participants employed by the Partnership.

OTHER

The Partnership is subject to claims and legal actions arising in the ordinary
course of business. The Partnership is currently not a party to any such
proceedings that, in the Partnership's opinion, would have a material adverse
effect on its business, financial condition or results of operations.

The Partnership's assets and equity interests are pledged as a full and
unconditional guarantee of certain debt of IASIS, which totaled approximately
$652.0 million at December 31, 2003.

In order to recruit and retain physicians to the communities it serves, the
Partnership has committed to provide certain financial assistance in the form of
recruiting agreements with various physicians. Amounts advanced under the
recruiting agreements are generally forgiven pro rata over a period of 24 months
after one year of completed service and contingent upon the physician continuing
to practice in the respective community. The amounts advanced and not repaid, in
management's opinion, will not have a material adverse effect on the
Partnership's financial condition or results of operations.

5.       INCOME TAXES

                                       6

<PAGE>

                           JORDAN VALLEY HOSPITAL, LP
                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
                                   (CONTINUED)

The Predecessor operated as a taxable corporation, whereas the Partnership is a
nontaxable entity. No provision for income taxes has been reflected in the
accompanying condensed financial statements for the Partnership, because the tax
effect of the Partnership's activities accrues to the individual partners for
all periods subsequent to March 31, 2003.

The Predecessor maintained a valuation allowance for deferred tax assets it
believed more likely than not would not be realized. There were no net deferred
income tax assets or liabilities at March 31, 2003. The Partnership does not
maintain deferred tax assets or liabilities subsequent to March 31, 2003,
because the tax effect of its operations accrues directly to the individual
partners.

The Partnership's tax return and the amounts of distributable Partnership income
or loss are subject to examination by the federal and state taxing authorities.
In the event of an examination of the Partnership's tax return, the tax
liability of the partners could be changed if any adjustment to the Partnership
taxable income or loss is ultimately sustained by the taxing authorities.

                                       7