{Topic Name}

Since Jan. 1, 12 hospitals and health systems announced, advanced or completed expansion and renovation projects with price tags of $500 million or more.

Northside Hospital Gwinnett in Lawrenceville, Ga., is planning a $400 million capital improvement project, according to The Atlanta Business Journal.

Houston Methodist is planning a new 400-bed hospital in Cypress, Texas, according to Community Impact Newspaper. 

Many hospitals and health systems nationwide are rethinking the layout of their operating rooms to better accommodate technology, patients and staff, reports The New York Times.

From launching new venture funds to spearheading multimillion-dollar digital transformation projects, hospitals and health systems are making strategic investments to boost healthcare innovation.

The following health systems have opened hospitals, advanced proposals to build them or announced plans for them in the last three weeks:

Medical University of South Carolina is planning to build a $130 million hospital in Nexton, a new master-planned community near Charleston, according to a May 5 report in the Charleston Business Journal. 

Froedtert Health in Wauwatosa, Wis., plans to renovate a shuttered hospital and turn it into a specialized physical rehabilitation facility and medical office building, according to The Milwaukee Business Journal. 

Nashville, Tenn.-based HCA Healthcare broke ground on a $68 million replacement hospital for Angel Medical Center in Franklin, N.C., according to Smoky Mountain News.  

Virtual chronic care platform Vida Health closed a $110 million series D funding round May 5, with participation from Centene, General Atlantic and AXA Venture Partners.