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Monday, November 28, 2005

PG Hospital owner wants to build another hospital

(Posted November 28, 2005)
"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.
[Full story]

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