Partners HealthCare plans $6.1B in expansions

Boston-based Partners HealthCare plans to spend $6.1 billion on capital projects to expand into New England and abroad in the next five years, according to the Boston Business Journal.

 Partners HealthCare CEO Anne Klibanski and CFO Peter Markell outlined the plans at the J.P. Morgan Healthcare Conference in San Francisco. 

According to the presentation, Partners plans to spend billions to stay at the top of the healthcare food chain. 

Some of the projects include a $250 million expansion at Brigham and Women's Faulkner Hospital in Boston, a $58 million expansion and Newton-Wellesley Hospital in Newton, Mass, and a $1 billion building at Massachusetts General Hospital in Boston. 

The health system also said that it plans to open three outpatient care sites in Westborough, Mass., Woburn, Mass., and Salem, N.H., and expand two outpatient clinics in Westwood, Mass., and Portsmouth, N.H., according to the report. This is larger than the previously announced $400 million expansion, which only detailed plans to build or upgrade four outpatient buildings.

The Partners executives said they have an eye on the newly merged Beth Israel Lahey Health in Boston and the entity set to emerge from the merger of Harvard Pilgrim Health Plan and Tufts Health Plan, which will bring healthcare competitors to the state. 

Partners  previously announced a new focus on digital health and a massive rebranding effort

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