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A Hospital Reborn: South Broward Public Health District Marks Significant Progress In $88M Renovation Of 70-Year-Old Memorial Regional Hospital

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Hospital associate administrator Jon Pickett says a birthplace expansion is 60% complete.

Renovations and expansion of the trauma center and emergency room likewise are progressing, he says.

The hospital devoted $68 million to expanding the birthing center, redesigning a full floor to include all private rooms, a family lounge, classrooms for new parent classes and a simulation lab. The hospital says it leads Broward County hospitals in the number of babies born.

The system is spending another $20 million upgrading its Level 1 Trauma Center and emergency room to enhance its ability to deal with critical cases and mass casualty events. The hospital says its 94,000 ER visits in 2022 are the second highest number in Florida.

“This investment reflects the hospital’s commitment to remaining at the forefront of medical advancements and reflects our unwavering dedication to the community we serve,” says Peter Powers, CEO, Memorial Regional Hospital.

Completion of birth center work is scheduled for late 2024. The trauma center work will be completed in early 2025.

Memorial opened with 100 beds in a one-story building in 1953. It’s now among the larger hospitals in the state with 863 beds.

  • Orlando Health is building a $160-million Children’s Pavilion focused on specialized children’s care with an opening planned for 2026. The six-story building will be across from Orlando Health Arnold Palmer Hospital for Children and will bring more than 30 pediatric specialties together, with a goal of streamlining care for kids and their parents.
  • HCA Florida Healthcare opened a freestanding HCA Florida Mount Dora Emergency center in Eustis. The 11,000-sq.-ft. facility features 11 treatment rooms and a suite of on-site diagnostic imaging tools and will operate 24 hours a day.
  • UF Health is converting a former CVS pharmacy at in Eustis into a free-standing 24-hour emergency room with an expected opening in March. The system is also looking to break ground on an emergency room in Clermont, with an opening in late 2024.

 

Source: Florida Trend

One Bankrupt Hospital, Eleven Freestanding Emergency Departments And Three Texas Hospitals: HCA’s Spending Spree

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Nashville, Tenn.-based HCA Healthcare, one of the country’s largest operators of ASCs, is on a spending spree – inking three deals in the last week.

Most recently, HCA Houston Healthcare purchased 11 freestanding emergency departments from SignatureCare Emergency Center. The deal brings HCA Houston’s freestanding ED portfolio to 26.

HCA Healthcare’s Medical City Healthcare in Dallas acquired Decatur, Texas-based Wise Health System, a formerly locally owned, nonprofit system, and its three inpatient hospitals.

Additionally, HCA will acquire Trinity Regional Hospital Sachse in Texas in a $41 million deal which is expected to close at the end of January. The 32-bed hospital, which opened two years ago, filed for bankruptcy in August after defaulting on around $70 million of municipal bonds.

In 2023, HCA has been focusing on outpatient care, ramping up its urgent care acquisitions. The health system operates about 2,300 ambulatory care facilities, including more than 150 ASCs, and continues to double down on developing outpatient facilities and increasing outpatient procedure migration.

In the third quarter of 2023, HCA reported a 37.4% jump in outpatient revenue, while its operating income was down 4.1% from the previous year.

 

Source: Becker’s ASC Review

Nashville-Based HCA Healthcare To Invest $5.3 Billion To Help Build Market Share

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Nashville, Tenn.-based HCA Healthcare may be coy about giving guidance for 2024 but it has big plans for the next few years as it seeks to build its market share to 29% by 2030.

To help do that, the 183-hospital system is investing $5.3 billion in already approved projects. That figure came out of the company’s investor day Nov. 9.

Included in the $5.3 billion figure, HCA has 62 approved outpatient projects to build freestanding emergency centers and ASCs, totaling $1 billion, and has an additional 200 projects under consideration. HCA is aiming to grow its freestanding ER footprint by 36% over the next two years.

In addition to those investments, the for-profit system expects to drive growth through cost savings and improved benchmarking where facilities can share best practices to improve outcomes and reduce variable costs.

“All in all, management expects $600 million to $800 million of savings over the next five years,” Ben Hendrix, analyst at RBC, said in a research note. “Those savings can help HCA drive EBITDA growth toward the higher end of its targeted 4% to 6% over the next few years.”

HCA is also investing heavily to address labor shortages, building its Galen College of Nursing from five to 20 campuses, according to the research note. An additional 10 campuses are expected to open by 2026, increasing nursing enrollment from 13,000 to 29,000.

HCA, which reported operating income of $1.63 billion for the third quarter on revenue of $16.2 billion, expects its targeted EBITDA growth of the next few years will be met in 2024.

“While our planning process for 2024 is not complete, we currently believe that our 2024 expectations will fall within the targeted ranges above,” HCA CEO Sam Hazen said in a statement ahead of its investor day.

 

Source: Becker’s Hospital Review