The Grossmont Healthcare District, a taxpayer-supported public agency that serves as landlord of Sharp Grossmont Hospital in La Mesa, said it recently finalized the sale of two separate series of general obligation bonds, one for $24.5 million and another for $175 million.
The bond proceeds will finance ongoing capital improvement construction projects consisting of new and improved patient care facilities underway at the publicly owned hospital.
The $24.5 million bond sale was the third and final series of general obligation bonds that are part of Proposition G, a GHD-sponsored $247 million bond measure that East Region voters approved in June 2006. The two previous GHD bond sales totaled $85.6 million in 2007 and $136.8 million in 2011.
This latest bond sale will help complete the 71,000-square-foot Heart and Vascular (H&V) Center building, currently under construction, as well as the 18,000-square-foot Central Energy Plant, with its 4.4-megawatt combustion turbine generator weighing 52 tons, and remodeling work on floors 2 through 5 of the East Tower.
The H&V Center is planned to expand the hospital’s surgery capabilities with four new cardiac catheterization labs and four multipurpose procedural rooms for supporting a wide range of specialties, including general surgery, minimally invasive surgery and image-guided surgery, as well as endovascular interventional procedures.
The East Tower’s remodeling includes upgrades to patient rooms, including Americans with Disability Act compliance and bariatric accessibility, improvements to elevators and nurse stations, and modernization of mechanical, electrical and plumbing systems.