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Wyoming Medical Center signs letter of intent with Banner Health

Wyoming Medical Center in Casper announced Jan. 28 that it has signed a letter of intent with Phoenix-based Banner Health. The two organizations are exploring a potential affiliation, according to the Casper Star-Tribune.

Wyoming Medical Center, which includes 249 beds across two campuses, and Banner will now enter a period of due diligence to determine the terms of the potential affiliation. Wyoming Medical Center CEO Michele Chulick said the hospital is exploring a partnership as one way to combat challenges in the healthcare industry.  

"Wyoming Medical Center is a jewel, and it is vital to this community and state," Ms. Chulick said in a release, according to the Casper Star-Tribune. "Given the challenges of our industry, the WMC board has been engaged in ongoing work to strategically plan for the future and ensure our hospital continues to be well-positioned to care for our patients and communities into the future."

Banner, a nonprofit system, operates 28 acute care hospitals across six states.

More articles on healthcare industry transactions:
For-profit hospital M&A update: 5 deals involving CHS, Tenet and HCA
Ascension, UAB Health develop 8-hospital alliance
Hospital mergers will be closely scrutinized in 2020, FTC says

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