Kaleida Health wants to sell part of DeGraff Memorial to keep it afloat

Kaleida Health is looking to sell a portion of Buffalo, N.Y.-based DeGraff Memorial Hospital to keep it afloat, according to local news station WKBW.

The Buffalo-based health system has put a five-story tower on DeGraff Memorial's campus up for sale. 

The 85,000-square-foot building is expected to be sold for a multifamily redevelopment or affordable housing project.

The sale is part of the system's effort to keep the hospital open amid declining admissions, inpatient surgeries and outpatient procedures, according to the report.

Read the full report here

More articles on healthcare finance:
Hospital chain files for bankruptcy
Florida hospital to close billing department, lay off 63 employees
St. Louis hospital delays payroll after filing for bankruptcy

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers