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Nonprofit health providers find financing

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Wednesday, July 25, 2012

Despite financial uncertainty, Portland nonprofit health systems keep finding ways to finance ambitious projects.

Legacy Health is spending $245 million on the children's hospital project. Oregon Health & Science University has committed $92 million in institutional funding to building a new office tower on the South Waterfront. Kaiser Permanente has a $344 million hospital under construction in Hillsboro.

To maintain operating margins, some health systems are laying off workers even as they invest in construction. Legacy Health in December said it would eliminate up to 400 jobs.

Read more at OregonLive.com.

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