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Finances keep hospital on hold

By JIM LEUTE ( Contact ) Tuesday, July 7, 2009 - 5:27 a.m.

Plans for a new Janesville hospital and clinic exist on paper, and it’s that paperwork that’s keeping officials busy as they wait for credit markets to thaw so they can lock in financing for the $150 million project.

Three months after breaking ground for the new hospital and physician office complex on Janesville’s east side, officials of SSM Health Care of Wisconsin and Dean Health System announced in February that unfavorable credit markets had delayed the project by at least a year.

Mary Starmann-Harrison, SSM’s president, said Monday that SSM and Dean are fully committed to the project.

For a full story, read Tuesday's Janesville Gazette, read online in the Gazette’s E-Edition or check back at GazetteXtra.com.

Unidentified
Jul 7, 2009 at 9:10 p.m.
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I would gamble that the credit crunch isn't the only thing delaying this project. Mercy has seen a drop in patients over the last year. My guess is that they'll keep an eye on Mercy's bottom line to see if the project is still viable.

prevention
Jul 7, 2009 at 12:24 p.m.
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I may just try it out whenever they get to town... if I'm still here. Otherwise, it's the trusty ole' Beloit Memorial for me! Mercy can kick the bucket!

totellthetruth
Jul 7, 2009 at 11:56 a.m.
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This is a good thing for good ole BMH

JCK
Jul 7, 2009 at 10:56 a.m.
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The credit crunch is a national issue not a local one. They continue to state that they are fully committed to the project so I don't understand your comment, Red.

Red
Jul 7, 2009 at 10:06 a.m.
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The golden goose that laid the golden eggs has left Janesville.

rooster
Jul 7, 2009 at 8:41 a.m.
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and some people say there is no credit crunch.

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