Phoenix-based Banner Health, a 30-hospital system, is purchasing about 48 acres of land in Scottsdale, Ariz., on which to build a medical campus.
The $400 million project would include an acute care hospital, adjacent medical office building and a cancer center, according to a March 20 news release. Banner Scottsdale Medical Center will be a full-service, destination hospital with a focus on cardiovascular, orthopedics, cancer and neuroscience programs.
The four-story, 384,000-square-foot medical center is expected to open in 2026 with 106 licensed patient beds and 20 observation beds. The medical office building will house physician offices, specialty care and other clinical services.
The project is expected to create 1,000 healthcare-related jobs over the next five years and more than 2,500 jobs at full development.
Over the next decade, the population in the Northeast Valley area is projected to grow by more than 17 percent. Banner's insurance offerings are also expected to increase in line with the population growth. Its health insurance division currently has about 50,000 members who reside in the region, many of whom participate in value-based plans that require convenient and affordable care, according to Banner.
"Our strategic growth plan is focused on convenience and access, with facilities close to home for our patients, members and their families," Scott Nordlund, chief strategy and growth officer for Banner, said in the release. "Scottsdale is a natural growth area for Banner, and we are committed to ensuring our patients and health plan members have care close to where they work or live when they want and need it."