It is a generally accepted principal that the building industry has traditionally been slow to embrace change and new technologies. The Great Recession, which started in 2007, has been a major factor in changing this and has provided significant impetus to do things better, faster and cheaper, through any means available.
Healthcare facilities are competing more fiercely than ever in the struggle to attract patients and keep them loyal. There are a number of reasons for the increased competition such as increasing numbers of mergers and acquisitions, which have exaggerated the competitive landscape.
SAN FRANCISCO — The financing plans at the new 878,000-square foot University of California — San Francisco Medical Center called for obtaining $700 million in external loans and an additional $600 million from philanthropic donations — unthinkable to some in these tough economic times.
