Seven hospital construction projects with price tags of $600 million or more have been announced or have advanced in the last few weeks.
Capital
Sheldon Vogel, former CFO of Atlantic Records, has gifted $10 million to Long Branch, N.J.-based Monmouth Medical Center for a new health and wellness facility focused on women and children, Asbury Park Press reported Feb. 21.
McLaren Greater Lansing (Mich.) will open its $600 million, 750,000-square-foot hospital March 6, the Lansing State Journal reported Feb. 18.
Five hospital construction projects have been announced or have advanced in the last couple of weeks, as reported on by Becker's.
The following health systems have opened hospitals, advanced proposals to build them or announced plans for them in the last three weeks:
University of Louisville (Ky.) Health filed for a $415 million bond that would finance a nine-story, $144 million tower, WLKY reported Feb. 16.
A $375 million, 136-bed hospital in Washington, D.C. — run by King of Prussia, Pa.-based Universal Health Services — will break ground Feb. 17, The Washington Post reported.
Seven healthcare organizations have honored their donors in the last few weeks by naming a building or program after them:
Iowa City-based University of Iowa Hospitals & Clinics received a $70 million donation — the largest in the organization's history — which will go toward a new patient tower.
Richmond-based Virginia Commonwealth University received a $104 million donation — the largest in the organization's history — to expand treatment options for liver and liver-related metabolic diseases through the new Stravitz-Sanyal Institute for Liver Disease and Metabolic Health.