New Pennsylvania Hospital Receives $290M Financing Plan Approval
May 25, 2010
The U.S. Department of Housing and Urban Development has approved a $292.5 million mortgage loan to build a new hospital in East Norriton, Pa., according to a press release from HUD.
HUD will insure the new loan for New Regional Medical Center, a partnership between Albert Einstein Healthcare Network and Montgomery Hospital Medical Center.
The acute care hospital will feature 146-beds, including 96 surgical beds, a 22-bed intensive care unit, a 20-bed obstetrical unit. and an eight-bed neonatal intensive care unit, and is expected to support 2,750 full-time positions.
Learn more about the new loan for New Regional Medical Center.
© Copyright ASC COMMUNICATIONS 2011. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.