Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
TUCSON, Ariz. (AP) — The state Board of Regent approved the merger of the University of Arizona's health network into Banner Health, a Phoenix-based nonprofit that operates numerous hospitals and other health-care facilities.
The regents' decision was made at a Wednesday afternoon meeting in Tucson.
The board voted last June to begin the merger process. It's expected to be completed by the end of next month.
The university's network includes two hospitals in Tucson, including one formerly known as University Medical Center. The network also includes numerous clinics and medical schools in Phoenix and Tucson.
Terms of the merger include Banner assuming the university network's debt and investing millions in program and capital projects.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
