Greater Fairbanks Community Hospital Foundation fundraises for $88M surgery center — 5 key points

Greater Fairbanks (Ark.) Community Hospital Foundation is aiming to raise $1.2 million to replace its surgery center, according to KTUU 2.

Here are five key points:

1. The project's estimated cost totals $88 million.

2. Featuring seven surgery suites, the foundation expects the center to be fully operational by April 2017.

3. Greater Fairbanks Community Hospital Foundation is funding the project with $55 million in bond sales and $33 million from the foundation's cash reserves.

4. The foundation will put the fundraised money back into the cash reserves. The money will also help maintain the foundation's bond's rating.

5. Greater Fairbanks Community Hospital Foundation's existing surgery suites are running out ample room for equipment, leading the foundation to replace the center.

More articles on surgery centers:
Central Indiana Orthopedics plans new $52M medical campus, ASC: 5 things to know
Redlands Community Hospital plans 8.5k+ ASC: 4 key points
Westgreen Surgical Center submits form D for $220.5k equity financing: 4 notes

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