By Ken Alltucker for The Arizona Republic
A year after Banner Health bought the financially troubled University of Arizona Health Network, the Phoenix-based hospital system plans to spend big to bolster its academic medicine efforts.
Banner will invest nearly $1B in clinics and new teaching-hospital towers in Tucson and Phoenix, and offices for managers and department leaders at the Tucson hospital tower, officials said.
The Banner-UA deal, completed in March 2015, requires the Phoenix-based health system spend $500M over five years on capital improvements in the Tucson area.
That will include a $400M, nine-story tower at Banner-University Medical Center Tucson. The tower will be equipped with modern medical equipment and operating rooms that are more than twice as large as current rooms, said Kathy Bollinger, executive vice president of Banner’s University Medicine division.
Banner also will also spend about $100M on a 250KSF building next to the Arizona Cancer Center on its Tucson North campus. The multi-specialty clinic will include services such as imaging so cancer patients will no longer need to travel to another site, according to Bollinger.
Construction won’t be limited to Tucson.
The Phoenix health system plans to spend nearly as much on a trio of major projects at or near Banner-University Medical Center Phoenix, formerly known as Good Samaritan Medical Center.
Those projects include a $179M emergency department scheduled to open in July 2017, a $239M patient tower set to open in late 2018 and a $50M clinical space near the hospital, located at 12th Street and McDowell Road.
Banner’s investment is a big bet that modernizing its aging teaching hospitals in Tucson and Phoenix will attract patients while providing adequate space for modern medical operations.
Read more at The Arizona Republic