Texas Vista Medical Center, one of only two hospitals serving San Antonio's South Side, shut its doors Monday after 40 years of treating patients of modest means.
Some $50 million in capital improvement project funds are earmarked for the expansion of Hilo Medical Center. And $18 million in CIP funds are headed to Kona Community Hospital, with the goal of averting the hospital’s possible closure.
During tough economic times, people tend to prioritize their health needs over discretionary spending. Healthcare companies, including hospitals and pharmaceutical companies, often have stable revenue streams and consistent demand for their services, regardless of the economic environment. As a result, healthcare companies tend to outperform other sectors during economic downturns.
The healthcare gap left behind highlights the risks of involving private equity in the sector and the enduring impact economic segregation has had on the majority-Hispanic population.
SAN ANTONIO - Due to financial reasons, Texas Vista Medical Center locked their doors at midnight, closing off important services like behavioral healthcare.
The project has spent several months in the planning stage as officials rounded up materials for the project. The inflation that has hit construction projects across the country has also hit the hospital project, pushing it above the $8 million mark.