The hospital’s umbrella organization, Main Line Health, will pay for most of the work with reserves and cash flow. In the end, the project will require only $30 million in debt, according to a Lankenau executive cited in the report.
The project is meant to help the hospital attract patients and operate more efficiently. An executive said the building was aging and in need of new technology. Groundbreaking is set for late this week.
Read the Philadelphia Inquirer report on Lankenau Hospital’s expansion project.
Read more about hospital expansions and renovations.
–Wyoming’s Campbell County Memorial Hospital Begins $69M Expansion, Renovation
–Vanderbilt University Plans $200M Medical Campus in Nashville Suburbs
–Las Vegas’ MountainView Hospital Announces Expansion
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