Qatar donates $2.5M to reopen Texas hospital that closed in 2015

The country of Qatar provided Texas with $30 million to be used toward Hurricane Harvey relief efforts. Now, part of the funding will be used to reopen Houston-based Riverside General Hospital, which closed in 2015, according to Houston Public Media.

Of the $30 million in funding, $2.5 million will go toward Riverside General Hospital's reopening; another $2.5 million will go to the city of Houston; and $5 million will be deposited into the Rebuild Texas Fund. The remaining $20 million will go toward projects that have yet to be finalized, according to the report.

Riverside General Hospital closed in 2015 after a financial scandal. Harris County purchased the hospital property earlier this year.

A county official told Houston Public Media the specifics of the plan have not been finalized, but the hospital will provide primary and mental healthcare services as part of the Houston-based Harris Health System, which is operated by the Harris County Hospital District.

The county official said the entire hospital reopening project will cost roughly $39 million and is expected to be completed within the next few years.

To access the full report, click here.

More articles on healthcare finance:
Children's hospitals reported higher cash flow than adult counterparts last year, Moody's says
S&P downgrades St. Charles Parish Hospital District long-term rating to 'B'
This week's 5 must-reads for hospital RCM leaders

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months