Grady: Two Reasons to Celebrate

This morning, officials officially opened the newly renovated Grady Memorial Hospital Burn Center. On hand: Georgia Power CEO Mike Garrett, whose firm and parent Southern Co. contributed $3 million. One of only two burn centers in the state, the remodeled facility includes 23 intensive and intermediate care beds and a new outpatient clinic. Grady folks have another reason to be in a good mood: The hospital turned a profit in 2009. That was not a typo; CEO Michael Young tells the AJC the hospital was roughly $34 million in the black. Even if you don't include one-time cash infusions and some accounting procedures (that don't represent actual money), the hospital still brought in $10 million more than it spent.

Continue reading this story with a free account

Log in or register
Related Topics: Southern Co
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Banks Are Manhattan's Latest Hot Retail Tenant

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Dan Wagner To Head Lee & Associates In Atlanta: The Atlanta Deal Sheet

RXR Marketing Executive Lauren Maturo Dies At 32

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Georgia's Utility Board Race Could Reshape Nearly 20 GW Pipeline Of Data Centers

Meet Bisnow's 2026 New York Power Women Honorees

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them