Significant healthcare facilities investments announced in past month

The Florida investment was the largest, but hospitals and systems continue to pump money to improve and expand their facilities.

Jeff Lagasse, Associate Editor

As summer wends on, healthcare facilities continue to invest in infrastructure and construction projects, some commanding high dollar amounts. 

HIMSS Analytics pulled the following from its Logic Health IT Market Intelligence Platform

None were as high this month as the $650 million investment made by Northwest Medical Center in Margate, Florida. That facility is undergoing a tower expansion project that will tack on 61 new patient beds to its fleet, along with 22 critical care unit beds, six neonatal intensive care unit beds, and 22 medical/surgical beds. The tower should be done by 2019.

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Other announced projects don't command that amount of cash, but that's not to say they're cheap. Drew Memorial Hospital in Monticello, Arkansas just completed a $31 million expansion project that added 51,000 square feet to the existing facility. The new space includes a surgery center, women's center, speciality care center and a new lobby entrance.

Meanwhile, University Health Care System in Augusta, Georgia voted to plunk down $4 million on one of its hospitals, University Hospital Summerville. The investment will be used to convert three floors into an 80-bed senior nursing facility.

Several more projects have been announced in the past month in which financial terms were not disclosed. Arkansas Heart Hospital in Little Rock, for instance, is planning to break ground on a new hospital in July, with the project likely to be completed by July 2020.

Keck Medicine of USC in Los Angeles is expanding its network of ambulatory clinics with a new three-story, 33,000-square-foot location set to open this fall -- an ambulatory facility that will offer primary care and speciality services. 

WellStar Health System in Marietta, Georgia will break ground on a new, two-story, 40,000-square-foot outpatient facility that's slated for its open by summer of next year. It will provide family medicine, OB/GYN, pulmonary, cardiology and pediatric services.

And then there's Orange Park Medical Center in Orange Park, Florida, which is planning a neonatal intensive care unit expansion that will add 2,100 square feet and add five new beds. Construction will begin this summer, and by next summer, its doors should be open.

Twitter: @JELagasse
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