Queen’s Health officials say they’ll spend $52 million on improvements, including expansion and modernization of emergency, imaging and surgical services. West Oahu, where the hospital is located is one of the fastest-growing areas on the island, and is expected double in population by 2030 to about 600,000, according to the certificate of need.
St. Francis, based in Honolulu, reacquired 102-bed Hawaii Medical Center West and 240-bed Hawaii Medical Center East in Honolulu in April when a bankruptcy judge ordered the return of assets. St. Francis had sold the hospitals in January 2007. They’ll continue to operate nonhospital services, including hospice care and nursing homes.
The certificate also included financial projections. In year one of operation, officials estimate the hospital would generate $65.8 million in net patient-services revenue with total expenses of $74.9 million for a net loss of $9.1 million. In year three, they expect net patient-services revenue to rise to $78.7 million, with total expenses of $83.1 million. That cuts the loss by more than half to $4.4 million. Officials said they expect to be in the black by year five.