Financing Secured for First New Hospital in Hawaii Since 1990s

Newport Beach, Calif.-based Newport Hospital Corporation has secured $65M of $70M needed to finance a new hospital on Kaanapali, Maui in Hawaii from an unidentified real estate investment trust, according to a report from the Pacific Business News.

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The hospital will be the first new hospital in Hawaii since 1995 and the first new hospital on Maui in approximately 60 years, according to a report from the Star Advertiser.

The acute-care facility would have an emergency room, operating room, 25 acute care beds and 40 nursing care beds.

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