SC medical center seeks city aid for $50M in projects

Grand Strand Medical Center in Myrtle Beach, S.C., applied for city funding to help pay for $50 million worth of projects, according to a WMBF report.

Here are three things to know.

1. The hospital intends to complete four projects. These projects include an inpatient rehabilitation facility, a radiation therapy center, a medical office building and a residency program expansion, according to the report.

2. GSMC is asking the city for $1 million in financial incentives for the initiatives. The hospital has secured funding for the radiation therapy center.

3. The Myrtle Beach City Council approved the incentives last week, but the proposal must pass another council reading, reports WMBF.


More articles on healthcare finance:
University Hospitals beats $1.5B fundraising goal to mark 150th anniversary
For-profit hospital stock report: Week of May 8-12
HCPro, Find-A-Code to provide continuing education for coders: 3 things to know

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


Featured Webinars

Featured Whitepapers