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Snapshot: Central Oregon’s St. Charles Invests in Capital Upgrades

Nonprofit hospital chain upgrades old buildings, buys new technology
July 28, 2016

A massive $177 million capital investment effort is under way at the St. Charles Health System.

Already, work has completed at St. Charles’ Prineville location. More improvements are coming in Bend and Madras, along with multi-million-dollar investments in high-tech medical equipment, and a planned $60 million investment in new medical record keeping technology. Bonds are funding much of this effort.

In the most recent year for which figures are available, 2014, St. Charles employed 4,153 people. Its net income after expenses was $54.8 million that year, up from $40.7 million in 2013. The nonprofit ended 2014 with $497.5 million in assets.

In this week’s in-depth review of St. Charles, we look at the most recent available financial data about the chain’s four hospitals. Figures draw from audited reports prepared by each hospital and submitted to the Office for Oregon Health Policy & Research, the state-mandated Databank program, the Oregon Health Authority, and other sources.

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