FTC approves Sun Health merger
PHOENIX (June 30, 2008) -- The Federal Trade Commission approved the proposed transaction between Sun Health and Banner Health Friday.
This decision allows the organizations to proceed with the planned merger, transitioning Sun Health into Banner Health. The organizations have set a target date of late August to complete the transaction.
More details will be forthcoming.
About Banner Health
Banner Health is one of the nation’s largest nonprofit health systems with 20 hospitals in seven western states, employing a dedicated workforce of more than 29,000. From Alaska to Arizona, Banner Health provides hospital care, home care, hospice care, long-term care, nursing registries, surgery centers, laboratories and rehabilitation services. Banner Health is the leading nonprofit provider of hospital services in all the communities the company serves.
About Sun Health
Sun Health is a non-profit, community-owned network of healthcare services that provides world-class acute, long-term, residential and home-delivered healthcare and related services to west Valley of metropolitan Phoenix. Sun Health operates two hospitals, the Sun Health Research Institute, which investigates diseases such as Alzheimer's and Parkinson's, and two insurance plans.