Banner Health’s $200M acquisition of Wyoming hospital OK’d

The Natrona (Wyo.) County Commissioners voted to approve the sale of Wyoming Medical Center in Casper to Phoenix-based Banner Health in an offer worth more than $200 million..

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The two organizations agreed July 14 to move forward with the deal, less than six months after they signed a letter of intent..

Alia Paavola –
Thursday, August 13th, 2020
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Banner Health operates 28 healthcare facilities in six states. When the offer closes, Wyoming Medical Center will end up being the 29th hospital under Banner Healths umbrella.

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Banner Health also committed to investing $100 million into Wyoming Medical Center and its facilities over 10 years.

The approval clears the way for the medical facility to sign up with Banner Health..

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Under the agreement, Banner will acquire the health center, land and devices for $157 million and eliminate about $50 million of the healthcare facilitys financial obligation..

On Aug. 13, the commissions five members voted unanimously to authorize the sale, after the Wyoming Medical Center hospital board likewise approved it, according to The Casper Star Tribune.