The health system plans to use the space to consolidate administrative and office operations from its various locations across the city. Relocating some offices will allow the hospital to to expand medical operations.
Terms of the deal, including the length of the lease and the amount in rent for the property, were not specified.
More articles on transactions and valuations:
Santa Rosa Memorial Hospital, UCSF merge to expand pediatric care
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Arkansas health department outsources home health to Kindred Health for $39M
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