Register | Forgot Your Password? | Close

PHOENIX -- The Arizona Board of Regents has confirmed the beginnings of a merger between the University of Arizona Health Network and Banner Health.

The approval on Thursday means UAHN and Banner Health can move forward with previous negotiations on the deal, which they hope to finalize by September.

Many of the stipulations have already been set.

Banner Health will cover UAHN'S $146 million debt while investing millions in programs.

The Phoenix-based, nonprofit Banner will now employ the university's 6,300 hospital and medical centers employees, which could make it the largest private employer in Arizona.

The health network includes two hospitals, about 40 medical clinics and the College of Medicine.

Banner said it will guarantee university health care employees will keep their jobs for six months after the transition.

Associated Press,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.