CPMC's $2.5B Hospital Project Stalls Over San Fran Deal

Law360, New York (June 26, 2012, 7:27 PM EDT) -- California Pacific Medical Center's $2.5 billion plans to bring two new hospitals and rebuild three others to meet new earthquake-resistant codes in San Francisco hit a road bump Monday night, over the terms of a development agreement with the city.

In a meeting with the city's land use and economic development committee, a debate broke out about a loophole freeing CPMC of its promise to continue operating St. Luke's, one of the existing facilities, if its profit margins dip below 1 percent for two years in...
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