1. Announced in August 2017, the renovation is a joint venture between Mosaic Life Care and Northwest Medical Center Foundation.
2. The hospital’s same-day surgery, outpatient and emergency services will undergo expansion.
3. Mosaic pledged $4.5 million for the project and set aside an additional $1 million for new equipment at the hospital. The Northwest Medical Center Foundation will provide $3 million for the expansion.
4. Once construction is completed, the hospital will operate under the Mosaic Life Care brand.
5. The partnership with Mosaic will give Northwest Medical Center of Albany access to the Mayo Clinic Care Network.
More articles on transactions & valuation:
Montana residents to propose new eye clinic, ASC — 3 insights
HHS Secretary Alex Azar commits to support changes to physician-owned hospital ban
5 new joint venture ASCs — January/February 2018
