News 
Market Data 
Discover
Replies to post #100739 on Micro Imaging Technology Inc (MMTC)
03/20/16 12:19 AM
03/20/16 8:00 PM
Health care building projects spike in 2015, State approved 383 projects worth $2.78 billion
At $271.2 million, the expansion and renovation at Mercy Health's Mercy Hospital campus in Muskegon stands as one of the largest health care projects in Michigan today.
The list also includes large and small capital projects to develop new facilities or expand and renovate existing facilities ranging from ambulatory care centers, medical office buildings and even a handful of replacement hospitals.
For example, the $389.5 million plans for a new hospital at Marquette General in the U.P. is the single-largest project in the state.
The activity has been ramping up the last couple of years following the economic turmoil of 2008 to 2010, a period where “the brakes were put on” large capital projects as financing was difficult to secure, said Anthony Colarossi, a health care consulting partner at Plante Moran PLLC.
On top of that came the passage of the Affordable Care Act that created uncertainty, plus the emergence of population health where care providers are compensated by how well they care for the people they serve versus the volume of care they provide.
After adjusting to the new era of health care, health systems are now proceeding with corresponding capital investments, Colarossi said. “People have kind of figured out their strategies now, and their strategies are quite different than what we saw in the 2000s,” Colarossi said.
03/22/16 9:48 PM
