Texas voters support hospital's $800M bond to fund surgery center, upgrades

Voters in Fort Worth, Texas, approved an $800 million bond for Fort Worth-based John Peter Smith Hospital, passing it with more than 82 percent of the vote, the Star-Telegram reports.

Here are three insights:

1. JPS will put the funding toward an outpatient surgery center, a new behavioral and mental health hospital, four regional medical centers, increased bed space and expanded cancer treatment.

2. The improvements will cost an estimated $1.2 billion.

3. County officials have said they don't intend to utilize the full $800 million.

More articles on transactions/valuation:
USPI delivers $502M operating revenue in Q3, Tenet's hospital operations disappoint — 8 takeaways
Montecito Medical acquires 24K-sq.-ft. surgery center, MOB: 3 details
Axiom Capital closes $8.2M loan for medical office, surgery center — 3 insights

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast