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Phoenix’s Banner Health to acquire Casa Grande hospital

CASA GRANDE, Ariz. — Phoenix-based Banner Health plans to acquire Casa
Grande Regional Medical Center, a 177-bed not-for-profit community hospital in
Pinal County.

Banner Health has signed a letter of intent to acquire the Casa Grande hospital
and will provide interim funding as needed to keep it open until the acquisition
is complete. Other terms were not disclosed in the Monday announcement.

The acquisition is subject to approval by regulators but is expected to occur
by the middle of 2014.

The Casa Grande hospital has been burdened by unpaid care.

Banner Health is a nonprofit health care system that manages 23 acute-care
hospitals and medical facilities ranging from long-term care centers to family
clinics.

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