The expansion project will use funding from the city of Aurora’s sale of more than $60 million in hospital revenue bonds. The Children’s Hospital Foundation will provide another $60 million, and the hospital’s operating revenue and reserves will contribute the remaining $110 million.
Hospital administration hopes the expansion will match the hospital’s booming demand. After a move from Denver to the Aurora area in Sept. 2007, the hospital saw a 10 percent rise in admissions.
Read the news release about The Children’s Hospital expansion.
Read the Aurora Sentinel report on The Children’s Hospital.
Read more on hospital business:
–Community Health Systems Announces Second Quarter 2010 Results With Net Operating Revenues of $32B
–Online Tool Estimates Out-of-Pocket Costs for Illinois Methodist Medical Center
