Davis Announces $204M in Bonds to Help Kaiser Permanente Build New Facilities
Gov. Gray Davis (D) yesterday announced that Kaiser Permanente will receive $204 million in tax-exempt revenue bonds to construct and equip an outpatient surgery center and nine medical office buildings. The bonds were issued by the California Infrastructure and Economic Development Bank, part of the state's Technology, Trade and Commerce Agency. When the construction is complete, Kaiser Permanente will lease the buildings from the state (Office of the Governor release, 12/18). "With this financing ... we are better able to contain the costs of building critically needed new facilities," Tom Meier, vice president and treasurer for Kaiser Foundation Health Plan and Hospitals, said (Rapaport, Sacramento Bee, 12/19).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.