Regional Care Services Corporation, the parent company of Casa Grande Regional Medical Center (CGRMC), and Banner Health have signed a letter of intent for the acquisition of Casa Grande Regional Medical Center by Banner. The acquisition is subject to obtaining all necessary regulatory approvals, and is expected to be completed during the spring of 2014. Banner has also agreed to provide interim funding as needed in order for CGRMC to continue regular operations until the acquisition is complete.
Rona Curphy, President and CEO of CGRMC, stated, “We are excited to partner with Banner Health in order to continue providing outstanding and high quality care to our community. CGRMC’s mission has always been to make a positive difference in the lives of those we serve through compassion and excellence in patient care. This fits perfectly with Banner’s mission as well. Furthermore, joining with Banner allows CGRMC the best opportunity to grow this facility in the long term. We look forward to a bright future.”
In choosing to join Banner, recognized as one of the leading health systems in the nation for clinical quality, the CGRMC board is confident that Casa Grande and its surrounding communities will continue to have access to outstanding medical care and service.
“We couldn’t be more pleased to have this opportunity to build on the strong foundation provided by Casa Grande Regional Medical Center to expand Banner’s non-profit mission of excellent patient care to the community of Casa Grande,” said Peter S. Fine, Banner Health President and CEO. “Community residents can count on the full suite of clinical performance processes and technologies that are the foundation of Banner’s ability to provide industry-leading care.”
In the coming weeks a comprehensive plan will be developed to successfully navigate this purchase through the myriad of regulatory and financial details.