The hospital, which opened in 2012, reported net income of roughly $2.6 million in 2019. The funds will be used to expand services, El Paso Children’s Hospital President and CEO Cindy Stout said.
“We’re too big of a city to not have a dedicated pediatric hospital and so now it’s really important that as we continue to grow our service lines to ensure that our children stay here in the community,” she said, according to the report.
The hospital’s finances have rebounded since it entered bankruptcy in 2015. At that time, the hospital owed more than $100 million to creditors, according to the report.
More articles on healthcare finance:
Kansas hospital at risk of losing Medicare funding
8 latest hospital bankruptcies
7 latest hospital credit rating downgrades
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
