Hospital Authority approves bond resolution - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Hospital Authority approves bond resolution

(Source: WTOC) (Source: WTOC)
SAVANNAH, GA (WTOC) -

We're learning there are some big improvement projects underway and on the horizon for St. Joseph’s /Candler.

About $87.5 million will go toward things like Day Surgery renovations and an expansion to the ambulatory surgery center and patient rooms.

Friday, the St. Joseph’s/Candler chief financial officer sat in as the Savannah Hospital Authority voted to adopt a bond resolution that will give the hospital system $40 million to go toward the total project costs.

"We're continuing to expand in our volumes, particularly on the outpatient side. And that's where a lot of this is directed. With the changes in health care, we're seeing our inpatient volumes stay steady, or even decline a little bit. And where we're seeing a big shift is over to the outpatient side,” said CFO Gregory Schaack, St. Joseph’s/Candler.

Savannah City Attorney Brooks Stillwell explained that the Authority and the City have no liability to repay the bonds, unlike bonds issued through other city authorities.

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