The hospital’s revenue came in at $11.4 million under projections for the year, and its budget has dropped nearly $3 million due to decreasing property values in the district. The tax increase, however, will not be used to close this gap, but will instead be used only to pay for the bonds.
The bond sale will be the third and final bond sale for the building project, according to the report.
Read the San Antonio News-Express report on University Health System.
Read more coverage on San Antonio hospitals:
– San Antonio’s Methodist Healthcare May Acquire Cardiology Group
– Baptist Health Begins Construction on New San Antonio Hospital
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
