Both hospitals have been struggling to develop financially viable plans to meet California’s seismic standards for hospitals. Children’s Oakland recently abandoned plans for a $700 million rebuild and will instead pursue a roughly $100 million retrofit, according to the report.
Children’s projected a $26 million loss for the year but enacted a number of initiatives with the goal of reducing the projected losses to $16 million.
No additional details about the talks were released, and an official for Lucile Packard said there is no deadline to make a decision in the matter.
Read the San Francisco Business Times report on Children’s Hospital & Research Center Oakland and Lucile Packard Children’s.
Read more coverage on California children’s hospitals:
– Nurses Begin Three-Day Strike at Children’s Hospital Oakland
– National Association of Children’s Hospitals and Related Institutions Names New Chairman
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