Chicago Hospitals Make a Financial Turnaround
July 21, 2006
Rush University Medical Center and three affiliated hospitals in Chicago are set to begin investing $1-billion in capital needs over the next five years, reports the Chicago Tribune.
The surge in spending comes after Rush pulled itself out of a longtime operating-performance slump, during which it reported “historical operating losses in all but three of the past 16 years,” according to Moody’s Investors Service.
Rush’s capital campaign was publicly announced in June, with a goal of $300-million to renovate its West Side campus, a project that will eventually cost $760-million.
