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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

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