Banner press conference spurs merger speculation - East Valley Tribune: News

Banner press conference spurs merger speculation

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Posted: Friday, September 21, 2007 11:01 am | Updated: 7:50 pm, Fri Oct 7, 2011.

The CEOs of Banner Health and Sun Health will hold a joint news conference at noon, fueling speculation of a possible merger of the two health care organizations.

A news conference is scheduled at the Sun Health Support Services Building in Sun City during which the two will “announce a major decision impacting the health care industry in Arizona.” The deal will be disclosed by Banner Health CEO Peter Fine and Sun Health CEO Leland Peterson.

Banner Health has a significant presence in the East Valley, while Sun Health is based in the west Valley.

Banner Health is Arizona’s second-largest employer with more than 20,500 employees and 2,525 licensed beds on eight hospital campuses, including Banner Desert Medical Center and Banner Children’s Hospital, Banner Baywood Medical Center and Banner Heart Hospital, and Banner Gateway Medical Center.

Sun Health is a health care network that includes 4,500 employees, 4,000 volunteers and 831 licensed beds on two hospital campuses.

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