CHICAGO, IL — Ten U.S. health systems account for more than $21.5 billion of current and upcoming construction, according to a report from BuildCentral.
“The healthcare sector continues to drive a major part of the construction market,” BuildCentral CEO Rick Kang said. “The top health systems have more than $12.3 billion in active projects plus another $9.2 billion in the planning stages.”
According to the report, three health systems each have active projects totaling at least $2 billion in value. Sutter Health, with its $2.1 billion California Pacific Medical Center Cathedral Hill Campus project in San Francisco, leads the list. New York Presbyterian Healthcare System has four major active projects in the New York City area. Scripps Health is currently replacing its Scripps Memorial Hospital in La Jolla, California to the tune of $2 billion.
Health systems with major planned projects include the University of Maryland Medical System with multiple projects that have a combined estimated value of $1.6 billion, Virtua Health with $1.5 billion, and Kaiser Permanente with $1.4 billion.
The top ten health systems ranked by combined active and planned construction value are:
Top Health Systems, Value (in millions)
Sutter Health: $3,604
New York Presbyterian: $3,024
Scripps Health: $2,524
HCA Healthcare: $2,330
Kaiser Permanente: $1,936
University of Pennsylvania Health System: $1,797
University of Maryland Medical System: $1,676
Virtua Health: $1,584
Indiana University Health: $1,564
Providence Saint Joseph Health: $1,487
Source: BuildCentral Reports: Medical Construction Market Leaders, November 2017
The report is based on BuildCentral’s proprietary construction market research. The firm, headquartered in Chicago, compiles comprehensive reports on all major U.S. medical construction projects. The full report can be downloaded at https://www.buildcentral.com/november-2017-medical-construction-leaders/.
BuildCentral Inc. is the leading provider of U.S. construction project data and analytics with a specialization in medical, hospitality, and multi-family projects. The company, located in Chicago, was founded in 2000 by brothers Rick and Jin Kang. For more information about BuildCentral and its reports, visit http://www.buildcentral.com.
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