Officials believe the deal will help UA Health Network and University of Arizona Medical Center stay competitive in the consolidating healthcare market, according to the report.
UA Health Network, which includes two teaching hospitals, the UA Medical Center university campus, the only top-level trauma center in the region and three health insurance plans, employs 6,300 workers. Once the deal closes Jan. 31, those workers are guaranteed six more months at their jobs, according to the report.
Banner operates 16 Arizona medical centers and 12 more in six other states. After the deal closes, Banner will employ more than 37,000 workers.
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