Business Journal: New Hospital In Elk Grove
A new hospital is expected in Elk Grove. The Business Journal’s Shana Lynch has more.
Monday, August 27, 2007
Catholic Healthcare West is building strength in the south. The healthcare system cinched a deal to buy 30 acres in Elk Grove for a medical campus with a hospital and other medical buildings. The price tag on the land grab was about $25 million. The purchase should close in early 2008 if the hospital system’s board approves the deal in September.
Catholic Healthcare West has dedicated $200 million to the Elk Grove project over the next decade. A medical office building could open by 2010.
The move comes at a time when the system is competing against Kaiser Permanente to offer Level II trauma service in South Sacramento. While an initial selection process favored Kaiser, the county won’t make a final decision until Nov. 6.