Fletcher Allen Health Care Unveils $51M Expansion Plan

Burlington, Vt.-based Fletcher Allen Health Care has filed a certificate of need application with the Green Mountain Care Board, the state board that regulates hospital budgets and major capital expenditures, concerning the purchase of two pieces of real estate in south Burlington.

"As the academic medical center partner of a four-hospital network, we must ensure we have the resources and flexibility to meet evolving patient care needs," John Brumsted, MD, president and CEO of Fletcher Allen Health Care and Fletcher Allen Partners, said in a news release. "Purchasing these properties would give us the opportunity to expand our campus in South Burlington to meet growing demand for outpatient services (a national trend), invest in a smart buy-vs.-lease strategy, and preserve space on the Medical Center Campus for the most acute care needs."

The estimated purchase price for both properties is $51 million. The health system plans to continue using its existing Medical Center Campus in Burlington for inpatient care and closely related outpatient services, according to the release.

More Articles on Hospital Expansion: 
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Union Hospital Announces $18M Expansion Project 

 

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