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About Us: Bondholder and General Financial Information
Bondholder and General Financial Information
Stanford Health Care (the "Corporation") is a principal teaching affiliate of the Stanford University School of Medicine (the "School of Medicine") that provides primary and specialty health services to adults, including cardiac care, cancer treatment, solid organ transplantation services, orthopedics and neurosciences services. The Corporation, together with Lucile Salter Packard Children's Hospital at Stanford, operates the clinical settings through which the School of Medicine educates medical and graduate students, trains residents and clinical fellows, supports faculty and community clinicians and conducts medical and biological sciences research.
The principal clinical facilities of the Corporation are the Stanford Hospital, a 604-licensed bed tertiary, quaternary and specialty hospital (the "Hospital"), and the primary, specialty and sub-specialty clinics (the "Clinics" and, together with the Hospital, the "Hospital and Clinics") in which the medical faculty of the School of Medicine provide clinical services. The Hospital and a majority of the Clinics are located on the campus of Stanford University adjacent to the School of Medicine in Palo Alto, California. Other Clinics are located elsewhere on-campus and off-campus in neighboring communities. During the fiscal year ended August 31, 2021, the Corporation treated 88,848 patients in its emergency department, admitted 29,268 inpatients and recorded 1,504,343 outpatient visits. From these patient care activities, the Corporation reported, on a consolidated basis, total operating revenues and other support of $6.8 billion and income from operations of $663 million for the fiscal year ended August 31, 2021. At August 31, 2021, the Corporation's consolidated total assets were approximately $10.3 billion, consolidated total liabilities were approximately $4.5 billion and consolidated net assets were approximately $5.8 billion.
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