View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 25, 2022updated 08 Mar 2022 11:15am

StroudwaterGCL concludes $102m financing for US hospital

The new construction will include an addition of three storeys on top of existing hospital space.

StroudwaterGCL has concluded government-guaranteed financing of $102m for Deborah Heart and Lung Center in the US.

Free Report
img

What is the Global Healthcare and Pharma Market Q2 Outlook?

Given the background of high inflation, re-emerging supply chain issues, and the widespread macro-economic implications of the Ukraine conflict, the global pharmaceutical industry is facing an entirely new set of challenges following the turbulence of the COVID-19 pandemic. GlobalData’s World Markets Healthcare (WMH) service has released its latest Q2 forecast. This report incorporates the latest thinking on the opportunities and risks this new environment presents for pharma companies. However, the pharma sector is proving resilient, and we are projecting 4.4% global growth for the year ahead. Yet it remains that the current economic picture is inverting some baseline assumptions from previous quarterly forecasts and altering which markets we expect the key growth levers to derive from. Download our latest executive summary for a snapshot view of what our clients use to formulate winning strategies.
by GlobalData
Enter your details here to receive your free Report.

A partnership between Greater Commercial Lending and Stroudwater Associates arranged the loan amount.

The hospital in New Jersey is an alliance member of Cleveland Clinic Heart, Lung & Vascular Institute and provides quality critical care to pulmonary, cardiac and vascular patients.

The funding from StroudwaterGCL will be utilised to construct DEBORAH100: The Project, which will bring a reimagined patient experience to the hospital.

Deborah Heart and Lung Center president and CEO Joseph Chirichella said: “The improvements that we will be able to make to the campus, in large thanks to these funds, allow us to continue providing the highest standard of care to our patients.

“This has added importance to a hospital like ours, as we have a case mix – which is a measure of how sick patients are – that’s twice the national average.”

The new construction will include an addition of three storeys on top of existing hospital space with 36 total private patient rooms, and 18 of them will be critical care.

One floor will be for staff and for other uses.

With this project, Deborah will get a total of 95 licensed beds.

Upon completion of the new construction phase, the hospital’s remaining double-occupancy rooms will be refurbished into private rooms.

Additionally, upgrades will be carried out to the hospital’s cardiac catheterisation labs. Other plans include a new pharmacy clean-room, new robotic technology in the electrophysiology labs and respite lounges for staff.

With these improvements, nearly 800,000 rural residents within Deborah’s service area will get specialty medical care.

Working with Ponder & Co and the U.S. Department of Agriculture (USDA) StroudwaterGCL arranged a favourable, large loan.

Related Companies

Free Report
img

What is the Global Healthcare and Pharma Market Q2 Outlook?

Given the background of high inflation, re-emerging supply chain issues, and the widespread macro-economic implications of the Ukraine conflict, the global pharmaceutical industry is facing an entirely new set of challenges following the turbulence of the COVID-19 pandemic. GlobalData’s World Markets Healthcare (WMH) service has released its latest Q2 forecast. This report incorporates the latest thinking on the opportunities and risks this new environment presents for pharma companies. However, the pharma sector is proving resilient, and we are projecting 4.4% global growth for the year ahead. Yet it remains that the current economic picture is inverting some baseline assumptions from previous quarterly forecasts and altering which markets we expect the key growth levers to derive from. Download our latest executive summary for a snapshot view of what our clients use to formulate winning strategies.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Get important industry news and analysis sent to your inbox
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hospital Management