Valley Children’s Hospital in Madera, CA, is bringing commercial real estate on campus to increase revenue — and quality of life for employees, ABC30 reports.
The hospital sits on a large property with plenty of room to grow — but not necessarily the funds to do so. More than 70% of its patients depend on Medicaid, Todd Suntrapak, its president and CEO, told the news station.
“We have not received an increase to our Medicaid rates in over a decade, and yet, our costs go up between 8 and 9% every year,” Mr. Suntrapak said.
Valley Children’s has zoned 40 acres of land for the project and aims to attract business like restaurants, gyms, hotels and grocery stores. The new businesses could open on campus within the next two years, Becker’s reports. Read more.
