The $91 million patient building development is part of Medical City Healthcare’s five-year, $1.1 billion investment in expanding hospitals, adding service lines, building new facilities, and advancing technology systemwide.
Collaboration within and among organizations has become increasingly important—if not necessary in the wake of the pandemic. While turbulent times forged new partnerships across all sectors, some of these preserved and further strengthened their key competencies.
Nearing the end of a multiyear divestiture plan, Franklin, Tenn.-based CHS has spent nearly $440 million in developing three ASCs and three freestanding outpatient-based emergency departments, with more in the pipeline.
Penrose-St. Francis Health Services plans to build a 72-bed orthopedic and spine hospital in Colorado Springs. The development will also have an ASC and medical office building as well as a retail portion.
Although MOB completions slowed a little bit towards the end of 2020, starts remained pretty much in line with past years with 20.9 million square feet of space started as of the fourth quarter.