$1.5B hospital gains approval at Mission Bay campus

A $1.5 billion, 289-bed specialty hospital for the UC San Francisco Mission Bay campus was approved by the university system’s Board of Regents on Thursday.

Construction of the 878,000-square-foot center on 14.5 acres should start in December and be complete in 2014. The hospital will focus on care for children, women and cancer patients.

UCSF Medical Center CEO Mark Laret said the project has received two new funding pledges of $25 million each, bringing the total raised to $375 million, about two-thirds of the fundraising goal of $600 million.

The new medical center will be UCSF’s third major site for patient care.

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