MetroHealth plans to borrow $1.25 billion to build new hospital, transform campus

The announcement comes five years after consultants told hospital officials they would likely end 2015 with a $40 million deficit and should either sell, close or reinvent its mission, said President and CEO Dr. Akram Boutros. Boutros was hired 3 1/2 years ago, and he launched a transformation so successful that the health system can finance a $855 million building plan without seeking taxpayer help, said Boutros.