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University of California signs $147-million deal to rent a Santa Monica medical facility

Los Angeles Times, February 1, 2010

The Regents of the University of California have agreed to pay $147 million over 30 years to rent a medical facility planned in Santa Monica. The university's teaching hospital needs more space, said David Feinberg, MD, chief executive of UCLA Hospital System. The new facility would have eight operating rooms where doctors could perform about half of the outpatient operations UCLA does in Santa Monica. It would also have two oncology bunkers for radiation therapy, laboratories, and medical offices, the Los Angeles Times reports.