Sutter Health plots ambitious California expansion

Sutter Health is plotting an aggressive expansion in northern California that could maybe well more than seemingly add higher than two dozen ambulatory care centers within the next four years, in conjunction with dozens of well-known and multispecialty care sites.

The nonprofit system, basically based Sacramento, California, is focusing on efforts on areas with glean admission to challenges and/or with rising are expecting for Sutter’s services and products, a spokesperson mentioned. Sutter is working to boost glean admission to in extra than one techniques, equivalent to extending hours of operation, alongside side entry formula for care and investing in better expertise, the spokesperson mentioned. 

In financial paperwork filed earlier this week, Sutter mentioned it seeks to area $750 million in bonds. The proceeds would fund the expansion and investments in improved digital capabilities to manufacture a extra linked affected person expertise, the spokesperson mentioned. 

The health system is alongside side residents-in-practising and has diverse development initiatives underway. Final month, Sutter and Santa Barbara, California-basically based Sansum Health center signed a letter of intent to merge their operations and lengthen well-known and ambulatory care within the Central Flit location.

On the inpatient facet, Sutter opened a 3-myth, $150 million tower at its Santa Rosa Regional Health center a year within the past, alongside side 40 beds to the power.

Sutter, which serves higher than 3 million sufferers across 22 counties, reported $198 million in first-quarter fetch profits, when compared with a $184 million loss within the year-within the past length. In 2022, Sutter posted a $249 million fetch loss, alongside side a $578 million loss on investments. The system invested $463 million in capital initiatives final year.