Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Banner Health to acquire Colorado hospital

Phoenix-based Banner Health plans to acquire North Colorado Medical Center in Greeley, which it has operated since 1995.

Under the proposed deal, which requires regulatory approval, Banner would pay $328.4 million to acquire the land, assets and equipment associated with the hospital from Weld County (Colo.).

A large portion of the proceeds from the transaction will be used to pay off $209.5 million in existing hospital debt, according to a press release from Weld County.

More articles on healthcare industry transactions:

CHS divests hospitals in Tennessee, Texas
Pennsylvania health systems to merge
Hospital M&A update: 13 latest deals

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars