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Phoenix & Southwest  + Healthcare  | 

Banner Health Secures $550M Bond Financing for New Arizona Teaching Hospitals

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Phoenix-based Banner Health secured $550 million in a revenue-bond issue to finance $325 million of the cost of a new 16-story patient tower now under construction at Banner University Medical Center Phoenix. Another $225 million in bonds will be used to construct and outfit a nine-story tower at Banner University Medical Center in Tucson (pictured).

Located at 11th Street and McDowell Road in Phoenix, the teaching hospital is planned to include 256 patient beds, a new emergency department and trauma center, operating rooms and lab space. The tower is expected to deliver by October 2018.

Banner is investing nearly $1 billion in clinics and new teaching-hospital towers in Tucson and Phoenix, which includes offices for managers and department leaders at the Tucson hospital tower. The county-approved revenue bonds will allow the health-care system to lower borrowing costs.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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