OCHSNER BAPTIST MEDICAL CENTER

Date of closing August 2007
Total Costs $25 million
Total NMTCS $25 million
OCHSNER BAPTIST MEDICAL CENTER (New Orleans, LA)  |  View Map
Prior to Hurricane Katrina, Ochsner Baptist Medical Center (formerly Memorial Medical) treated more uninsured patients than any other private hospital in the region. NNMF’s NMTC financing (two other allocatees invested) was structured as operational capacity to expand and re-open more than one million square feet of medical services space including: 100-bed surgical hospital, a senior living facility for 250 residents, outpatient imaging center, a radiation center and medical offices. The project is bringing much-needed health services and jobs back to New Orleans. (NNMF NMTCs: $3.75 million)