Carolinas HealthCare plans $3B in capital investments to meet consumer demands

Charlotte, N.C.-based Carolinas HealthCare System intends to spend $3 billion on capital projects as part of a six-year reinvestment plan, according to a Charlotte Observer report.

At the health system's quarterly board meeting, Greg Gombar, CFO of Carolinas HealthCare, said the plan is critical to meet evolving consumer demands when it comes to healthcare.

Mr. Gombar said it is the health system's goal to spend 10 percent of net operating revenue annually on capital projects, including buildings and technology.

Since 1984, Carolinas HealthCare has spent an average of 11 percent of net operating revenue annually on capital projects. However, the health system had pulled back on its capital investments in recent years, according to the report.

Mr. Gombar didn't provide details on any future projects, but Carolinas HealthCare CEO Michael Tarwater said at least one project will be announced in early 2016.

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