By Mar-Vic Cagurangan
Variety News Staff

THE Guam Hospital Development Forum will make a public presentation of its business plan for the establishment of a 120-bed private hospital on Guam, forum chairman Peter Sgro said yesterday.
“We’re very pleased with the results of the business plan, which was done in a relatively short period of time,” Sgro said.
Sgro and forum founders will unveil the 98-page business plan at a press conference to be held Thursday afternoon at the Hyatt Regency Guam.  The document includes studies, market analysis and location and technical assessments, among other things.
“During this press conference, a Power Point presentation will provide an overview of each section of the business plan,” Sgro said. “We will also discuss the forum’s next step in working with others to reach potential investors for the project.”
The project cost is estimated at $32.5 million, which will be raised through bonds, and possible loans and grants from the U.S. Department of Agriculture’s Community Loans and Grants and the USDA Business and Industry Guaranteed Loan Program.                    
The hospital project will be patterned after the Avera Queen of Peace Hospital, which caters to the 15,000 people of Mitchell City in South Dakota. The hospital is owned by the Presentation and Benedictine Sisters, both orders of the Catholic Church. The hospital was initially built on a property donated by the City of Mitchell in response to the community’s need for better health care.