Sacred Heart Hospital gets $31M investment under St. Luke’s deal

Bethlehem, Pa.-based St. Luke’s University Health Network’s recently acquired Sacred Heart Hospital in Allenton, Pa., is nearing completion of a $31 million renovation to revamp the once ailing hospital, according to Lehigh Valley Live.

Advertisement

The renovations, which came about a year after St. Luke’s acquired Sacred Heart, include service, technological and building upgrades. One of the largest projects was expanding Sacred Heart’s behavioral health unit. The $11 million project included two new floors and an additional 42 inpatient beds for a total of 109.

Another large project was a $10 million investment in converting Sacred Heart to Epic’s EHR. Other changes included projects to support medically underserved populations in the community through expanded health and education centers.

More articles on healthcare finance:
CHS sees net loss quadruple, revenue sink in Q1
Tenet sees revenue slide, posts $27M loss in Q1
Arkansas hospital to close May 7

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.