Hospital safeguards capital program through private sector partnership.
As access to capital tightens, more hospitals are exploring the benefits of partnerships with private companies. A California hospital, burdened by the long-term debt it incurred for a medical office building, worked together with its medical staff and an outside real estate developer. By selling the building to the developer, not only was the hospital able to finance a much-needed expansion and reconstruction project, but the hospital's medical staff had an opportunity to become limited partners in the ownership of the building.
D002140:California; D005376:Financial Management / Q000379:methods*; D005379:Financing, Construction / Q000379:methods*; D006075:Governing Board; D058016:Health Facility Administration; D006745:Hospital Bed Capacity, 300 to 499; D006749:Hospital Design and Construction / Q000191:economics*; D008494:Medical Office Buildings / Q000458:organization & administration*; D010067:Ownership; D010317:Partnership Practice