The Illinois Health Facilities Planning Board approved certificates of need for all three facilities in Jan. 2009.
Construction on the $185 million project is on hold until St. Mary’s is able to lower operational costs and improve its bond rating. The hospital will be seeking $150 million in bonds for the project, according to the report.
Read the Mt. Vernon Register‘s report on the plans for a new St. Mary’s hospital and surgery center.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.