Health officials said UCSF will fund the endeavor in its entirety at no cost to taxpayers.
University faculty will use the facility to conduct research in a variety of fields, including neurosurgery, neurology, orthopedics, radiology and nursing, among others, according to the article.
The university’s board of supervisors is expected to vote on the lease next week.
More articles on transactions and valuations:
Navicent Health to join AVIA network
Michigan women’s health center sells for $43.5M
Shelby Memorial Hospital joins Hospital Sisters Health System, rebrands
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.