New Patient Tower Funded by Tax-Exempt Bonds
A $116.5 million tax exempt bond issue in 2009 helped pay for the construction and equipping of a new patient tower br Central Washington Hospital in ‘Wenatchee, Washington. The hospital opened its six-story patient tower on May 1, 2011. The tower features 176 patient rooms. The 190,000-square-foot addition includes one story underground and five above, nearly doubling the size of the region’s largest trauma facility. The tower houses private patient rooms, a new Mother/Baby Unit and expanded Intensive Care Unit. The new tower allows Central Washington Hospital to continue the tradition of excellent care to the citizens of North Central Washington.
Architecture and design promote a healing environment for patient and family.
- Warm, inviting public areas on every floor
- Generous personal and family spaces
- Muted earth tones throughout
- Noise-reducing materials
- Local-themed artwork
- Sweeping views of the surrounding area
- Spacious, private, peaceful rooms
- Visitor lounging area transforms into a sleeping area for lamily member
- Roomy, well-lit bathrooms
- Room service for patient and family
- Internet Wi-Fi
- Flat-screen TV and DVD player
- Individual room temperature controls
- Dimming lights
Central Washington Hospital is more than a community hospital. It is the major medical facility and referral center for North Central Washington. Dedicated to the delivery of excellent, cost effective health care, Central Washington Hospital stands out amongst its peers as a financially well-managed institution.
Central Washington Hospital, located in Wenatchee, provides quality medical care to residents of North Central Washington. Like local schools, businesses and churches, a community hospital is a key resource that enhances the quality of life in the community.
Services include inpatient and outpatient surgery, cardiac program, coronary and intensive care, respiratory care, oncology, dialysis, neonatal nursery, home health and hospice, regional trauma emergency department, skilled nursing and rehabilitative services such as cardio—pulmonary, physical, speech, and occupational therapies.
By issuing tax exempt bonds through the Washington Health Care Facilities Authority to fInance this project, the hospital reduced its interest expense over the life the loan by approximately $25 million. The hospital is a low—cost hospital facility compared to other hospitals around the State. Lower interest expense resulting Iroin tax exempt borrowmg will permit the moderation of future rate increases. The hospital is a not-for-profit facility and all income is reinvested in hospital operations for the benefit of patients arid the community in the four—county service area.
Donna Murr, Executive Director
Washington Health Care Facilities Authority