At the end of March, the health system will receive $450 million in bonds, which it will use to build an ASC, a standalone medical clinic and a medical office building. Proceeds will also fund a psychiatric emergency center.
The first phase of renovations is expected to cost $635 million and will be funded by bonds and operating cash. The ASC is expected to be completed between 2025 and 2027.
A second expansion phase will cost $876 million, with all new renovations and construction costing $1.5 billion, the report said.
