7 hospital construction projects worth $1B or more

In the last three months, seven hospitals and health systems have announced, advanced or completed expansion or renovation projects costing $1 billion or more.

Advertisement

1. Hawaii hospital breaks ground on $1B campus modernization
Straub Medical Center in Honolulu broke ground Dec. 13 on a $1 billion, 15-year project that will nearly triple the size of its campus, according to the Honolulu Star Advertiser. 

2. Queen’s Medical Center plans $1B campus modernization
The Queen’s Medical Center, a level 1 trauma center and safety-net facility in Hawaii, is planning a $1 billion, 15-year campus modernization project, an executive with the Honolulu-based organization told Becker’s.

3. Inova Health to invest $1B for new medical campus
Falls Church, Va.-based Inova Health plans to invest $1 billion to build a new medical campus out of an 11-acre site, which was recently purchased by the city of Alexandria, Va., for $54 million, the Commercial Observer reported Nov. 23.

4. UCI breaks ground on $1.3B medical complex
University of California Irvine and UCI Health began construction on their $1.3 billion medical complex, which includes a 350,000-square-foot, 144-bed acute care hospital with an emergency room.

5. UC San Diego begins $2.5B+ medical campus construction project
University of California San Diego broke ground on the first phase of its 15-year, $2.5 billion to $3 billion construction project, which has five phases.

6. Penn Medicine opens $1.6B hospital
Philadelphia-based Penn Medicine opened its 17-story, $1.6 billion hospital, the Pavilion, Oct. 30, the University of Pennsylvania’s largest capital project and the biggest hospital project in the Philadelphia area, according to the health system.

7. $2B Mass General Hospital expansion gets city board OK
Massachusetts General Hospital received approval Oct. 14 from the Boston Planning and Development Agency board for a 1 million-square-foot, $2 billion expansion, The Boston Globe reported.

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Capital

Advertisement

Comments are closed.