University of South Florida hospital now in stasis - Tampa Bay Business Journal:

http://www.lamontanita.org/bodmin_09-15-1999.htm
USF is working with , a New York investment banking and financial advisory firm, to find a partner to provide fundintg and operational support, said Dr. Stephen senior VP and CEO of and dean ofthe . That procesas will lead to USF submitting a stronger applicationj for a certificate of need for theplanned hospital, said Michaelk Hoad, a spokesman for USF Health. The university was facin g a March 11 deadline to turn in a full applicatiojn to the Florida Agency for for theproposedr hospital, after filing a letter of intent to seek the CON in February. The plan now is to submift the applicationin August, Hoad said.
Several health systeme already are interested in a Klasko said in a memo to the USFHealtbh faculty. The executive committee of the USF boardx of trustees endorsed themove Feb. 26, when it voterd to give USF President Judy and the College of Medicinethe go-ahead to search for strategic options for a partnership, the memo The partnership would support all aspects of the USF clinical including the proposed hospital as well as the newlyh opened , which is an outpatientg center on the Tampza campus, the and clinical researchh activity.
“Our goals are clear: We’ree looking for non-governmental partners for the necessary capital and operational support toassure long-term excellence in education, researc and our community mission,” Klasko wrote in the It’s common for universities to consider all their options, including partnering with both nonprofit and for-profit groups, said Richard VP of the in Washington. He cited , whichg is a partnership between George Washingtobn University and a subsidiaryof (NYSE: UHS), the King of Pa., system that owns and . USF last year worke d with on an unsuccessful CON submitted by BayCare for a hospital in southeasgtPasco County.
An earlier effor in the Florida Legislature foran on-campu s university exemption to the CON requirementws did not advance. While the capitap markets are not ingood shape, “a good project that makew sense can probably find Gundling said. USF hasn’t said how much it expects to spends on theplanned 100-bed hospital, although a ballpark estimate for academic medical facilities is between $2 million and $3 millionb per bed. The hospital would have a focue on chronic illnesses such as diabetees but also offergeneral care.