The price tag for the project has crept up to $39 million, from an original estimate of $35 million. In 2009, administrators projected the entire Measure P bond measure would cover the construction expense, but it was acknowledged at a recent board meeting that the hospital must raise another $7 million.
For now, the project is “full speed ahead,” according to CEO Kelly Mather.
Related Articles on Transactions and Valuation:
Fairview Health Services, University Plan $182M Surgery Center
Wisconsin’s ThedaCare Facility to Include Shawano Surgery Center
Erlanger Health System Makes Surgical Improvements to Draw Departing Physicians
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.