WMC has an existing foundation, though the $220 million windfall would radically change its footprint. Federal tax returns from 2017 indicated the foundation had $1.9 million in net revenue.

On top of the various financial maneuverings, Banner would also commit to investing $100 million in WMC’s “facilities, technology, programs, people and operations” over the next 10 years. The deal would also allow WMC to tap into Banner’s vast provider and service resources, and the press release states that the deal would “keep and expand the delivery of medical services in rural areas here in Wyoming,” which would include “an investment in the development and growth of telehealth services.” 

“We’re excited to share the proposed details of how we can bring together two market-leading and highly respected healthcare organizations to provide even stronger regional, high-quality healthcare to our patients and the people of Wyoming,” WMC CEO Michele Chulick said in a statement.

In a separate statement, the Natrona County commissioners voiced support for the deal.

“First, the prospect of WMC joining Banner Health is a special opportunity that we believe can drive healthcare forward for our community, helping ultimately to make local healthcare even better for those we serve today and for generations that follow,” the commissioners wrote. “We believe Banner is the right partner for WMC and for Natrona County.”