Subscribe Register Login

Wednesday, September 17, 2014, 8:41 p.m.
Top Picks - Mobile App

Texas children's hospital seeks to ease $59 million debt

By The Associated Press

This article was published March 29, 2014 at 12:58 p.m.

— A West Texas children's hospital that opened in 2012 is $59 million in debt and will work with another medical center to ease the deficit.

Officials with the El Paso Children's Hospital will meet in April with University Medical Center executives to modify the terms of the debt, which comes due in September.

UMC spokesman Margaret Althoff-Olivas says the 2008 recession, federal changes in reimbursement payments and changes in the state's Medicaid waiver program led to the hospital's financial problems.

The El Paso Times reports the children's hospital has repaid more than $33 million to UMC for start-up costs, leasing and contracted services.

Taxpayers in 2007 approved a $120 million bond to build the hospital. The 122-bed facility is about 60 percent occupied and shares space with UMC.

Comments on: Texas children's hospital seeks to ease $59 million debt

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Warehouse supervisor

    2nd shiftThe is responsible for handling the day-to-day man...
    MAUMELLE, AR

  • Public safety office

    Southern Arkansas University Tech in Camden is accepting app...
    CAMDEN, AR

  • Cdl drivers

    Tri National Inc. is Hiring...Sign on BonusTeams /$10,000 - ...
    LITTLE ROCK, AR

  • Temporary nursery

    25 Worker Positions: 11/15/14-4/15/15. All applicants must ...
    MONTICELLO, AR

  • Detail techs

    detail techs - Local corporate aircraft cleaning & detailing...
    LITTLE ROCK, AR

Search 891 jobs >

Top Picks - Mobile App
Arkansas Online