Baptist is working with city officials on a donation agreement in which the 50-acre campus would be demolished and redeveloped as a residential area. Under the agreement, the city would be responsible for demolition, which could cost up to $18 million.
Paces Foundation is seeking funding to build affordable housing on the site and has pledged to pay Baptist $2.9 million for the land. The city is requesting the hospital put that money toward demolition costs.
Read the full article here.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
