Kaiser Cancels Plans for Outpatient Complex

Kaiser Permanente has decided that it will not buy a property in Live Oak, Calif., where it had planned to develop a 160,000-square-foot medical building, Becker’s reports. 

Kaiser said the reason for pulling out of the project was due to the growth of its primary and specialty care services at its medical offices in Scotts Valley and Watsonville, Calif., and the expanded medical offices in Santa Cruz since the project was first announced. Plans for the project were unveiled in 2018. Read more.

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Iowa City Hospital Says Lender’s Actions Amount to ‘Inexcusable’ Threats

Preston Hollow Community Capital, a lender and bondholder for Mercy Hospital-Iowa City, has filed a court petition seeking to have a receiver appointed to safeguard the hospital’s assets. Preston Hollow has also issued a public statement claiming the hospital has defaulted on loan agreements and resisted pressure to put in place a new strategy that might improve Mercy’s financial outlook.