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:
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/
Related Stories
Market Data | May 8, 2020
Construction industry loses 975,000 jobs in April as new association survey shows deteriorating demand for construction projects
Association partner Procore also releases near real-time construction data measuring impacts of coronavirus as association calls for new measures.
Market Data | May 8, 2020
7 must reads for the AEC industry today: May 8, 2020
The death of the office and Colorado's first multifamily project to receive WELL Precertification.
Market Data | May 7, 2020
5 must reads for the AEC industry today: May 7, 2020
5 memory care communities with a strong sense of mission and making jobsites safer in the COVID-19 world.
Market Data | May 6, 2020
6 must reads for the AEC industry today: May 6, 2020
5 questions engineers will ask after COVID-19 and coronavirus threatens push for denser housing.
Market Data | May 5, 2020
5 must reads for the AEC industry today: May 5, 2020
A new temporary hospital pops up in N.J., and apartment firms' reactivation plans begin to take shape.
Market Data | May 4, 2020
6 must reads for the AEC industry today: May 4, 2020
How working from home is influencing design and is this the end of the open office?
Market Data | May 4, 2020
The Los Angeles market continue to lead the U.S. hotel construction pipeline at the close of the first quarter of 2020
Nationally, under construction project counts hit a new all-time high with 1,819 projects with 243,100 rooms.
Market Data | May 1, 2020
Nonresidential construction spending declines in March as pandemic halts projects
Group warns loan threats are hurting relief program.
Market Data | May 1, 2020
6 must reads for the AEC industry today: May 1, 2020
DLR Group completes LA Memorial Coliseum renovation and over 50% of department stores in malls predicted to close by 2021.
Market Data | Apr 30, 2020
5 must reads for the AEC industry today: April 30, 2020
College programs help prepare students for careers in the construction industry and a national movement to cancel May rent takes shape.
