UC Regents OK Fundraising Drive for Medical Campus
UC-San Francisco Medical Center will begin a campaign to raise $500 million to defray the cost of a new hospital campus after receiving approval from the UC Board of Regents, the San Francisco Business Times reports.
UCSF Medical Center intends for the project to help address space constraints at its existing campuses in Parnassus Heights and Mt. Zion and to help the medical center comply with state seismic safety requirements. Construction is slated for a 14.5-acre area near UCSF's life sciences campus in Mission Bay.
Health care facilities for the first phase of the project will include:
- A 183-bed children's hospital;
- A 36-bed women's hospital; and
- A 70-bed cancer center.
UCSF spokesperson Carol Hyman said loans and other debt will account for the remainder of the funding.
The facility is slated to open by 2014 (Rauber, San Francisco Business Times, 5/17). 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.