After a two-year delay, Oklahoma physicians expect to break ground on a 45-bed hospital next month after receiving a low-interest mortgage commitment from the Federal Housing Administration. The investor-owned hospital in Moore, Okla., a suburb of Oklahoma City, will cost about $28 million, $26.8 million of which will be financed by the FHA's Section 242 Hospital Mortgage Insurance Program, according to the Schuster Group, an Oklahoma City development company that is managing the project. Not-for-profit Integris Health, based in Oklahoma City, also purchased land in Moore in August and is considering options for the site, including building a hospital, Integris spokesman Damon Gardenhire said. Physician investors originally planned to break ground two years ago. -- by Mary Chris Jaklevic
Okla. doctors to launch dream after long delay
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