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15 health system projects worth $500M or more

May 7, 2024
Becker's Hospital Review
Summary
In 2024, there has been a significant resurgence in large-scale hospital construction projects across the United States, with 15 projects each exceeding $500 million in cost, and eight of those surpassing $1 billion. This development marks a shift from the recent trend of smaller, ambulatory locations and an emphasis on virtual care, reflecting a renewed strategic focus on substantial physical healthcare infrastructure as financial stability returns and demand for services grows. This expansion includes diverse projects such as a $1.16 billion replacement hospital in Texas, a $4.3 billion high-tech facility in San Francisco, and extensive upgrades and new constructions like a $1 billion campus in Virginia, each tailored to meet specific community needs and incorporate advanced healthcare technologies.
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