HonorHealth outbids Banner Health in Valley land auction - Phoenix Business Journal

A vigorous bidding war kept a standing room only crowd on their toes on Wednesday as two nonprofit hospital systems battled for a 48-acre parcel of Arizona land.

, ratcheting up the price of the land that started at a minimum bid of $56.95 million all the way up to $84 million. The live auction was held Nov. 16 at the Arizona State Land Department offices in downtown Phoenix. Going any higher than that just wouldn't make the numbers work, Laraway told the Phoenix Business Journal after the auction.After signing the necessary documents, LaPorte told the Business Journal that he's not so sure there's a need for another hospital campus on that parcel, considering Mayo Clinic Hospital and HonorHealth Scottsdale Thompson Peak Medical Center are nearby.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seagate cutting 84 jobs in Silicon Valley - Silicon Valley Business JournalThe cuts follow the hard drive maker's announcement last month it planned to cut 7.5% of its global workforce.
Source: svbizjournal - 🏆 334. / 59 Read more »

Lehigh Southwest Cement Company won't restart production at Silicon Valley plant - Silicon Valley Business JournalThe 83-year-old plant had been cited for thousands of violations over the last decade.
Source: svbizjournal - 🏆 334. / 59 Read more »

Lehigh Southwest Cement Company won't restart production at Silicon Valley plant - Silicon Valley Business JournalThe 83-year-old plant had been cited for thousands of violations over the last decade.
Source: svbizjournal - 🏆 334. / 59 Read more »