Phoenix-based Banner Health originally asked the Arizona State Land Department to sell the 48 acres, according to the Journal. The health system planned to build a campus spanning more than 1 million square feet, complete with an acute-care hospital, surgery center and medical office buildings.
But Scottsdale-based HonorHealth beat out Banner Health, raising the $56.95 million initial bid to $84 million in a live auction held Nov. 16, the Journal reported.
“HonorHealth is excited to be able to direct the responsible development of the property to meet the healthcare and other needs of a community we have faithfully served for over half a century,” a spokesperson for the health system told Becker’s in a statement. “This acquisition certainly provides even more options to us in planning for the best interests of the North Valley.”
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
