Banner Health to buy full control of North Colorado Medical Center for $328.4M
Weld County, NCMC Inc. to use proceeds for charity
GREELEY — Banner Health has agreed to pay $328.4M to buy out Weld County and the North Colorado Medical Center’s holding company’s interests in the Greeley-based hospital.
In a joint statement Thursday, the Weld County Commissioners said they plan to sell the land and the 378-bed hospital itself to the Phoenix-based health care provider.
The deal includes $209.5 million to pay off all of the hospital debt incurred by NCMC Inc., which leases the hospital property from the county. It also gives Banner ownership of several other clinics and emergency rooms in the county.
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