Georgia county approves up to $375M for new hospital

Columbia County, Ga., approved a contract of up to $375 million in bonds for the construction of a new Augusta (Ga.) University Health hospital, after the health system completes its merger with Marietta, Ga.-based Wellstar Health, The Augusta Chronicle reported July 20.

Advertisement

AU Health got a certificate of need to build the hospital in 2014 and has already begun construction using capital funds. Wellstar and Augusta University announced the merger in March 2023 and expect to officially close the deal this summer.

Through the contract, Columbia County has an obligation to backstop 20 percent of the bond but will not be paying out any construction funds unless other entities default.

“We are pleased to announce that we have started the construction process and are continuing to assess the community’s healthcare needs for additional opportunities,” Rick Plummer, assistant vice president for marketing and branding at AU Health, told the Chronicle. “… Right now, our team is focused on transition planning for our potential partnership with Wellstar, but look forward to providing additional information in the future as the construction for the new hospital progresses.”

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Capital

  • Madison, Wis.-based UW Health will open the $140 million expansion at its East Madison Hospital on Nov. 2. The 120,000-square-foot…

  • HCA Florida Lehigh Hospital in Lehigh Acres, Fla., opened its HCA Florida ER-Alico, a freestanding emergency department, on Oct. 20,…

Advertisement

Comments are closed.