Bond approved for use by West Maui Hospital
KAANAPALI – A $60 million Special Purpose Revenue Bond (SPRB) has been approved for use by the West Maui Hospital and Medical Center Foundation Inc., a Hawaii not-for-profit corporation, to finance the construction of a hospital in West Maui.
The bond was passed by the Hawaii State Legislature in House Bill 2213 HD1 SD1 CD1, which was introduced by Rep. Angus McKelvey and Speaker Joseph Souki. The governor approved and signed House Bill 2213 (Act 182) on July 1.
The West Maui Hospital is proposed on Kakaalaneo Road near Kaanapali Coffee Farms. The entire project is expected to cost the amount of the SPRB.
Construction of the hospital is slated to begin in the next 12-13 months.
Designated by the federal government as a rural critical access hospital, WMHMC will be limited to 25 beds and receive maximum Medicare reimbursements per federal guidelines. The center will include a skilled nursing facility and assisted living facility.
The hospital is projected to have three operating rooms (two initially) and be open 24/7 for emergency care. The hospital will also have a 24-hour pharmacy.