- Hartford Hospital plans to construct a $950M, 14-story, 500,000-sf inpatient and surgical tower. Construction is expected to begin in 2027 and will include 216 private-room inpatient beds.
- Health systems continue land banking for future development. Recent examples include Novant Health’s purchase of the 56-acre former TD Bank campus off I-85 in Greenville, SC, for $45M; Atrium Health’s acquisition of 10 acres near I-77 in Fort Mill, SC, for $5M; and Banner Health’s purchase of 18 acres in North Phoenix, AZ, for $22M.
- Sheppard Pratt secured $15M in state funding to acquire a site for a future behavioral health facility in Prince George’s County, MD. The state also approved another $20M toward broader behavioral health efforts in Prince George’s County, as the county currently has zero inpatient psychiatric beds available for youth patients.
- Nonprofit People Inc. is in the process of converting two former hospital buildings in western New York into residential and community use space. One project is a $15M, 44-unit conversion in Buffalo, and another is a $42M, 93-unit project in North Tonawanda.
- CaroMont Health announced a $200M investment in oncology services in North Carolina. Projects include a new 125,000-sf cancer center on its main campus in Gastonia, a new radiation therapy center in Belmont and a new hematology and oncology physician office in Belmont.
- Encompass Health and Cookeville Regional Medical Center plan to develop a 40-bed inpatient rehabilitation hospital in Cookeville, TN. The project is expected to open in 2027, subject to regulatory approval.
- Parkview Health broke ground on a new freestanding emergency department and urgent care facility in Marion, IN. The 28,000-sf facility is slated to open in the fall of 2027 and will expand access to same-day and non-hospital-based services.
- Mercy opened a new pediatric neurodevelopment center in the St. Louis region. The 43,000-sf facility consolidates specialty services for children with developmental and neurological conditions.
- Quorum Health sold Scenic Mountain Medical Center, a 146-bed hospital in Big Spring, TX, to Shannon Health System. Shannon plans to remodel several departments, create a new urgent care clinic and install imaging and mammography equipment to expand diagnostic capabilities.
- Care New England secured $215M in HUD-insured financing. The proceeds will refinance existing debt and fund hospital renovations and ambulatory expansion projects in Warwick, RI, and Providence, RI.
For additional information on this topic, please contact:
- Andrew Dick at adick@hallrender.com or (317) 977-1491;
- Joel Swider at jswider@hallrender.com or (317) 429-3638; or
- Your primary Hall Render or Hall Render Advisory Services contact.
Hall Render blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot—outside of an attorney-client relationship—answer specific questions that would be legal advice.
