Healthcare construction remains strong despite surging costs, with spending in the sector near all-time highs, says Healthcare Dive, citing a Federal Reserve Bank of St. Louis healthcare construction report.
Examples abound:
St. Louis Veterans Administration Health is planning a $1 billion renovation at John Cochran Veterans Hospital in St. Louis.
The University of California, San Francisco received a $500 million donation to accelerate plans to build a new hospital at its Parnassus Heights campus, which will cost an estimated $1.5 billion.
Long Beach, California-based Tibor Rubin VA Medical Center is planning $387 million worth of renovations, including a new mental health facility and community living center.
Those projects are moving forward despite healthcare construction costs remaining near all-time highs, said Chris Hopper, executive vice president and general manager at Skanska, a Sweden-based contractor. Read more.
