By HFT Staff

Banner Health announced it has signed an asset purchase agreement to sell Banner Lassen Medical Center to an affiliate of Quorum Health. The transaction is expected to be completed in December 2026, pending required regulatory approvals. 

Prior to the close of the Banner Lassen transaction, Quorum Health is expected to transition to a nonprofit model and operate as Healthside Partners. As a result of this transition, the affiliate of Quorum Health that is purchasing Banner Lassen Medical Center will be a nonprofit entity at the time the transaction closes.  Quorum Health’s existing leadership team, led by CEO Chris Harrison, will remain in place with Healthside Partners. 

Quorum Health operates 11 hospitals across nine states, including one in California.  Quorum has indicated that it will offer employment to all active employees who satisfy Quorum’s standard hiring criteria at the time of the transition.