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                                                                   EXHIBIT 10.26






                                    FORM OF
                            INDEMNIFICATION AGREEMENT



                  AGREEMENT, effective as of _______________, 2001, between
IASIS Healthcare Corporation, a Delaware corporation (the "Company"), and
_______________ ("Indemnitee").

                  WHEREAS, it is essential to the Company to retain and attract
as directors the most capable persons available;

                  WHEREAS, Indemnitee is a director of the Company;

                  WHEREAS, both the Company and Indemnitee recognize the
increased risk of litigation and other claims being asserted against directors
of public companies in today's environment;

                  WHEREAS, the Amended and Restated Certificate of Incorporation
of the Company (the "Charter") and the By-laws of the Company (the "By-Laws")
require the Company to indemnify its directors to the fullest extent permitted
by law and Indemnitee has agreed to serve as a director of the Company in part
in reliance on such Charter and By-Laws;

                  WHEREAS, in recognition of Indemnitee's need for substantial
protection against personal liability in order to enhance Indemnitee's service
to the Company in an effective manner, the increasing difficulty in obtaining
satisfactory director liability insurance coverage and Indemnitee's reliance on
the aforesaid Charter and By-Laws, and in part to provide Indemnitee with
specific contractual assurance that the protection afforded by such Charter and
By-Laws will be available to Indemnitee (regardless of, among other things, any
amendment to or revocation of the Charter and By-Laws or any change in the
composition of the Company's Board of Directors or acquisition transaction
relating to the Company), the Company wishes to provide in this Agreement for
the indemnification of and the advancing of expenses to Indemnitee to the
fullest extent (whether partial or complete) permitted by law and as set forth
in this Agreement, and, to the extent insurance is maintained, for the continued
coverage of Indemnitee under the Company's directors' liability insurance
policies;

                  NOW, THEREFORE, in consideration of the premises and of
Indemnitee continuing to serve the Company directly or, at its request, another
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enterprise, and intending to be legally bound hereby, the parties hereto agree
as follows:

         1.       Certain Definitions:

         (a)      Change in Control: shall be deemed to have occurred (i) at
                  such time as the Stockholders, directly or indirectly, shall
                  fail to own an aggregate of at least 50% of the outstanding
                  Voting Securities, and any other Person or "group" of Persons
                  (within the meaning of Section 13(d) of the Securities
                  Exchange Act of 1934, as amended) shall acquire, beneficially
                  or of record, a greater percentage of the outstanding Voting
                  Securities than the percentage of the outstanding Voting
                  Securities owned, directly or indirectly, by the Stockholders,
                  in the aggregate or (ii) upon a sale of all or substantially
                  all of the assets of the Company.

         (b)      Claim: any threatened, pending or completed action, suit or
                  proceeding, or any inquiry or investigation, whether
                  instituted by the Company or any other party, that Indemnitee
                  in good faith believes might lead to the institution of any
                  such action, suit or proceeding, whether civil, criminal,
                  administrative, investigative or other.

         (c)      Expenses: include reasonable attorneys' fees and all other
                  reasonable costs, expenses and obligations paid or incurred
                  in connection with investigating, defending, being a witness
                  in or participating in (including on appeal), or preparing to
                  defend, be a witness in or participate in any Claim relating
                  to any Indemnifiable Event.

         (d)      Indemnifiable Event: any event or occurrence related to the
                  fact that Indemnitee is or was a director, officer, employee,
                  agent or fiduciary of the Company, or is or was serving at the
                  request of the Company as a director, officer, employee,
                  trustee, agent or fiduciary of another corporation,
                  partnership, joint venture, employee benefit plan, trust or
                  other enterprise, or by reason of anything done or not done by
                  Indemnitee in any such capacity.

         (e)      Independent Legal Counsel: an attorney or firm of attorneys,
                  selected in accordance with the provisions of Section 3, who
                  shall not have otherwise performed services for the Company,
                  any of its subsidiaries or Indemnitee within the last two
                  years (other than with respect to matters concerning the
                  rights of Indemnitee under this Agreement, or of other
                  indemnitees under similar indemnity agreements).
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         (f)      Person: any individual, firm, corporation, partnership,
                  limited liability company, trust or other entity, and any
                  successor (by merger or otherwise) of such entity.

         (g)      Reviewing Party: any appropriate person or body consisting of
                  a member or members of the Company's Board of Directors or any
                  other person or body appointed by the Board who is not a party
                  to the particular Claim for which Indemnitee is seeking
                  indemnification, or Independent Legal Counsel.

         (h)      Stockholders: shall have the meaning ascribed to such term in
                  the Stockholders Agreement of the Company, dated as of October
                  8, 1999, as amended from time to time.

         (i)      Voting Securities: any equity securities of the Company which
                  vote generally in the election of directors.

         2. Basic Indemnification Arrangement. (a) In the event Indemnitee was,
is or becomes a party to or witness or other participant in, or is threatened to
be made a party to or witness or other participant in, a Claim by reason of (or
arising in part out of) an Indemnifiable Event, the Company shall indemnify
Indemnitee to the fullest extent permitted by law as soon as practicable, but in
any event no later than thirty days after written demand is presented to the
Company, against any and all Expenses, judgments, fines, penalties and amounts
paid in settlement (including all interest, assessments and other charges paid
or payable in connection with or in respect of such Expenses, judgments, fines,
penalties or amounts paid in settlement) of such Claim. If so requested by
Indemnitee, the Company shall advance (within two business days of such request)
any and all Expenses to Indemnitee (an "Expense Advance"). Notwithstanding
anything in this Agreement to the contrary, except as provided in Section 4
hereof, prior to a Change in Control, Indemnitee shall not be entitled to
indemnification or Expense Advances pursuant to this Agreement in connection
with any Claim initiated by Indemnitee unless the Board of Directors has
authorized or consented to the initiation of such Claim.

                  (b) Notwithstanding the foregoing, (i) the obligations of the
Company under Section 2(a) shall be subject to the condition that the Reviewing
Party shall not have determined (in a written opinion, in any case in which the
Independent Legal Counsel referred to in Section 3 hereof is involved) that
Indemnitee would not be permitted to be indemnified under applicable law, and
(ii) the obligation of the Company to make an Expense Advance pursuant to
Section 2(a) shall be subject to the condition that, if, when and to the extent
that the

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Reviewing Party determines that Indemnitee would not be permitted to be so
indemnified under applicable law, the Company shall be entitled to be reimbursed
by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts
theretofore paid; provided, however, that if Indemnitee has commenced or
thereafter commences legal proceedings in a court of competent jurisdiction to
secure a determination that Indemnitee should be indemnified under applicable
law, any determination made by the Reviewing Party that Indemnitee would not be
permitted to be indemnified under applicable law shall not be binding and
Indemnitee shall not be required to reimburse the Company for any Expense
Advance until a final judicial determination is made with respect thereto (as to
which all rights of appeal therefrom have been exhausted or lapsed). If there
has not been a Change in Control, the Reviewing Party shall be selected by the
Board of Directors, and, if there has been such a Change in Control (other than
a Change in Control which has been approved by a majority of the Company's Board
of Directors who were directors immediately prior to such Change in Control),
the Reviewing Party shall be the Independent Legal Counsel referred to in
Section 3 hereof. If there has been no determination by the Reviewing Party or
if the Reviewing Party deter mines that Indemnitee substantively would not be
permitted to be indemnified in whole or in part under applicable law, Indemnitee
shall have the right to commence litigation in any court in the State of
Delaware having subject matter jurisdiction thereof and in which venue is proper
seeking an initial determination by the court or challenging any such
determination by the Reviewing Party or any aspect thereof, including the legal
or factual bases therefor, and the Company hereby consents to service of process
and to appear in any such proceeding. Any determination by the Reviewing Party
otherwise shall be conclusive and binding on the Company and Indemnitee.

         3. Change in Control. The Company agrees that, if there is a Change in
Control of the Company (other than a Change in Control which has been approved
by a majority of the Company's Board of Directors who were directors immediately
prior to such Change in Control), then with respect to all matters thereafter
arising concerning the rights of Indemnitee to indemnity payments and Expense
Advances under this Agreement or any other agreement or Charter or By-Law
provision now or hereafter in effect relating to Claims for Indemnifiable
Events, the Company shall seek legal advice only from Independent Legal Counsel
selected by Indemnitee and approved by the Company (which approval shall not be
unreasonably withheld). Such counsel, among other things, shall render its
written opinion to the Company and Indemnitee as to whether and to what extent
Indemnitee would be permitted to be indemnified under applicable law. The
Company agrees to pay the reasonable fees of the Independent Legal Counsel
referred to above and to fully indemnify such counsel against any and all
expenses (including attorneys' fees), claims, liabilities and damages arising
out of or relating to this Agreement or its engagement pursuant hereto.




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         4. Indemnification for Additional Expenses. The Company shall indemnify
Indemnitee against any and all reasonable expenses (including attorneys' fees)
and, if requested by Indemnitee, shall (within two business days of such
request) advance such expenses to Indemnitee, which are incurred by Indemnitee
in connection with any action brought by Indemnitee for (i) indemnification or
advance payment of Expenses by the Company under this Agreement or any other
agreement or Charter or By-Law provision now or hereafter in effect relating to
Claims for Indemnifiable Events and/or (ii) recovery under any directors'
liability insurance policies maintained by the Company, regardless of whether
Indemnitee ultimately is determined to be entitled to such indemnification,
advance expense payment or insurance recovery, as the case may be.

         5. Partial Indemnity, Etc. If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a
portion of the Expenses, judgments, fines, penalties and amounts paid in
settlement of a Claim but not, however, for all of the total amount thereof, the
Company shall nevertheless indemnify Indemnitee for the portion thereof to
which Indemnitee is entitled. Moreover, notwithstanding any other provision of
this Agreement, to the extent that Indemnitee has been successful on the merits
or otherwise in defense of any or all Claims relating in whole or in part to an
Indemnifiable Event or in defense of any issue or matter therein, including
dismissal without prejudice, Indemnitee shall be indemnified against all
Expenses incurred in connection therewith.

         6. Burden of Proof. In connection with any determination by the
Reviewing Party or otherwise as to whether Indemnitee is entitled to be
indemnified hereunder the burden of proof shall be on the Company to establish
that Indemnitee is not so entitled.

         7. No Presumptions. For purposes of this Agreement, the termination of
any claim, action, suit or proceeding, by judgment, order, settlement (whether
with or without court approval) or conviction, or upon a plea of nolo
contendere, or its equivalent, shall not create a presumption that Indemnitee
did not meet any particular standard of conduct or have any particular belief or
that a court has determined that indemnification is not permitted by applicable
law. In addition, neither the failure of the Reviewing Party to have made a
determination as to whether Indemnitee has met any particular standard of
conduct or had any particular belief, nor an actual determination by the
Reviewing Party that Indemnitee has not met such standard of conduct or did not
have such belief, prior to the commencement of legal proceedings by Indemnitee
to secure a judicial determination that Indemnitee should be indemnified under
applicable law shall be a defense to Indemnitee's claim or create a presumption
that Indemnitee has not met any particular standard of conduct or did not have
any particular belief.




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         8. Nonexclusivity, Etc. The rights of Indemnitee hereunder shall be in
addition to any other rights Indemnitee may have under the Charter, By-Laws or
the Delaware General Corporation Law or otherwise. To the extent that a change
in the Delaware General Corporation Law (whether by statute or judicial
decision) permits greater indemnification by agreement than would be afforded
currently under the Charter, By-Laws and this Agreement, it is the intent of the
parties hereto that Indemnitee shall enjoy by this Agreement the greater
benefits so afforded by such change.

         9. Liability Insurance. The Company shall maintain an insurance policy
or policies providing directors' liability insurance in an amount deemed
reasonably satisfactory by a majority of the Company's Board of Directors.
Indemnitee shall be covered by such policy or policies, in accordance with its
or their terms, to the maximum extent of the coverage available for any Company
director. Upon request of the Indemnitee, the Company shall provide satisfactory
proof of its compliance with this Section 9.

         10. Period of Limitations. No legal action shall be brought and no
cause of action shall be asserted by or in the right of the Company against
Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal
representatives after the expiration of eighteen months from the date of
accrual of such cause of action, and any claim or cause of action of the Company
shall be extinguished and deemed released unless asserted by the timely filing
of a legal action within such two-year period; provided, however, that if any
shorter period of limitations is otherwise applicable to any such cause of
action such shorter period shall govern.

         11. Amendments, Etc. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by both of the parties
hereto. No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provisions hereof (whether or not
similar) nor shall such waiver constitute a continuing waiver.

         12. Subrogation. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company effectively to bring suit to
enforce such rights.

         13. No Duplication of Payments. The Company shall not be liable under
this Agreement to make any payment in connection with any Claim made against
Indemnitee to the extent Indemnitee has otherwise actually received



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payment (under any insurance policy, Charter or By-law provision or otherwise)
of the amounts otherwise indemnifiable hereunder.

         14. Binding Effect, Etc. This Agreement shall be binding upon and inure
to the benefit of and be enforceable by the parties hereto and their respective
successors, assigns, including any direct or indirect successor by purchase,
merger, consolidation or otherwise to all or substantially all of the business
and/or assets of the Company, spouses, heirs, executors and personal and legal
representatives. This Agreement shall continue in effect regardless of whether
Indemnitee continues to serve as a director of the Company or of any other
enterprise at the Company's request.

         15. Severability. The provisions of this Agreement shall be severable
in the event that any of the provisions hereof (including any provision within a
single section, paragraph or sentence) is held by a court of competent
jurisdiction to be invalid, void or otherwise unenforceable in any respect, and
the validity and enforceability of any such provision in every other respect and
of the remaining provisions hereof shall not be in any way impaired and shall
remain enforceable to the fullest extent permitted by law.

         16. Governing Law. This Agreement shall be governed by and construed
and enforced in accordance with the laws of the State of Delaware applicable to
contracts made and to be performed in such state without giving effect to the
principles of conflicts of laws.




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                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement this ____ day of ___________, 2001.

                                   IASIS HEALTHCARE CORPORATION



                                   By: ______________________
                                       Name:
                                       Title:


                                       ______________________




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