CONSTRUCTIONAPPROVED

Banner Health & University of Arizona Partnership Report 2025

Banner Health Invests Over $2 Billion in Health Facilities Expansion

Over $2 billion for capital projects; $300 million for academic enhancements (of which $261 million by Banner Health); $146 million for U of A Health Network debt; $20 million annually for clinical academic enterpriseArizona BOR|Audit and Risk Management CommitteeBANNER HEALTHSeptember 1, 2025

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Description

Banner Health made contractual commitments exceeding $2 billion for building and expanding healthcare and academic facilities in Arizona, including annual operational funding and debt repayment, as part of its acquisition and affiliation agreement with the University of Arizona.

Contract Details

Contract Amount

Vendor

BANNER HEALTH

Agency

Arizona BOR|Audit and Risk Management Committee, AZ

Contract Type

CONSTRUCTION

Document Date

September 1, 2025

Contract Term

2015 – 2024 (capital project investments and annual funding); 30-year affiliation agreement beginning 2014

Renewal Date

2044-12-31

Renewal Info

Affiliation agreement approved in 2014 for 30 years; ongoing annual operational payments; major facility construction investments made during 2015–2024.