Sonoma (Calif.) Valley Hospital has started construction on a new two-story facility that will house a surgery center and emergency department, according to a Sonoma Portal report.
The price tag for the project has crept up to $39 million, from an original estimate of $35 million. In 2009, administrators projected the entire Measure P bond measure would cover the construction expense, but it was acknowledged at a recent board meeting that the hospital must raise another $7 million.
For now, the project is "full speed ahead," according to CEO Kelly Mather.
Related Articles on Transactions and Valuation:
Fairview Health Services, University Plan $182M Surgery Center
Wisconsin's ThedaCare Facility to Include Shawano Surgery Center
Erlanger Health System Makes Surgical Improvements to Draw Departing Physicians
The price tag for the project has crept up to $39 million, from an original estimate of $35 million. In 2009, administrators projected the entire Measure P bond measure would cover the construction expense, but it was acknowledged at a recent board meeting that the hospital must raise another $7 million.
For now, the project is "full speed ahead," according to CEO Kelly Mather.
Related Articles on Transactions and Valuation:
Fairview Health Services, University Plan $182M Surgery Center
Wisconsin's ThedaCare Facility to Include Shawano Surgery Center
Erlanger Health System Makes Surgical Improvements to Draw Departing Physicians