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Industry Pulse: Big Hospital Projects Just Keep On Coming

Kaiser Permanente’s new $1.3 billion campus in Oakland, Calif., was the biggest of 2014. Photo courtesy of Kaiser Permanente

Kaiser Permanente’s new $1.3 billion campus in Oakland, Calif., was the biggest of 2014.
Photo courtesy of Kaiser Permanente

The 10 largest new hospitals show demand is alive and well.

Perhaps the reports about the death of the nation’s inpatient hospitals were a bit exaggerated, or premature – to use and tweak a famous quote from Mark Twain.

For several years, many of those involved in healthcare and healthcare real estate (HRE) have been warning that demand for new hospital beds will continue to wane in coming years, as the country’s delivery system gradually moves to outpatient, home health and online models.

Yet there’s always going to be a need for hospitals, where the most serious cases can be addressed. That was clearly in evidence last year as a number of massive new or expanded inpatient facilities opened.

The biggest hospital project of all was the $1.3 billion, Oakland (Calif.) Medical Center. Kaiser Permanente opened its new 349-bed, 670,000 square foot flagship hospital and campus in July 2014.

Here, courtesy of HRE data firm Revista, is a list of the rest of the top 10 hospitals to open in 2014:

■ $800 million square foot William P. Clements Jr. University Hospital, Dallas;
■ $750 million cancer, research and critical care complex at Ohio State University’s Wexner Medical Center in Columbus, Ohio;
■ $600 million, 264-bed, 425,000 square foot San Leandro (Calif.) Medical Center.
■ $364 million, 149-bed Kaiser Redwood City (Calif.) Hospital;
■ $272 million expansion at DuPont Hospital for Children in Wilmington, Del.;
■ $202 million, 93-bed new Holy Cross Hospital in Germantown, Md.;
■ $189 million, 120-bed, nine-story tower addition at Wilmington (Del.) Hospital;
■ $170 million, 167-bed SSM Health St. Mary’s Hospital – Jefferson City, Mo.; and
■ $111 million, 215,000 square foot DMC Heart Hospital in Detroit.

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