"Dimensions sets its sights on Bowie for new hospital"
msnbc.com, November 27, 2005 (by Neil Adler, Washington Business Journal)
Cash-strapped Dimensions Healthcare System wants to build a $100 million, 100-bed hospital in Bowie, where it now offers services such as emergency care but no inpatient beds.
[. . .]
The health system (www.dimensions
health.org) is talking with academic medical centers and other nonprofit providers about an affiliation that would bring much-needed financial resources to Dimensions, which has lost more than $50 million since 1999 and continues to operate its hospitals with only about a week's worth of cash on hand. Health care finance experts say a hospital should have at least 50 to 100 days of cash on hand.
[. . .]
Dimensions officials are optimistic that they can get their finances in order to build the hospital, says Stewart Seitz, president of the Bowie Health Campus.
Filed in: PG.Hospital