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 | Oct 5, 2020
Nonresidential construction spending falls slightly in August
Of the 16 nonresidential subcategories, nine were down on a monthly basis.
Market Data | Oct 5, 2020
Construction spending rises 1.4% in August as residential boom outweighs private nonresidential decline and flat public categories
Construction officials caution that demand for non-residential construction will continue to stagnate without new federal coronavirus recovery measures, including infrastructure and liability reform.
Market Data | Oct 5, 2020
7 must reads for the AEC industry today: October 5, 2020
Zaha Hadid unveils 2 Murray Road and the AEC industry is weathering COVID-19 better than most.
Market Data | Oct 2, 2020
AEC industry is weathering COVID-19 better than most
Nearly one-third of firms have had layoffs, more than 90% have experienced project delays.
Market Data | Oct 2, 2020
6 must reads for the AEC industry today: October 2, 2020
BIG imagines how to live on the moon and smart buildings stand on good data.
Market Data | Oct 1, 2020
Two-thirds of metros shed construction jobs from August 2019 to August 2020
Houston-The Woodlands-Sugar Land and Brockton-Bridgewater-Easton, Mass. have worst 12-month losses, while Indianapolis-Carmel-Anderson, Ind. and Niles-Benton Harbor, Mich. top job gainers.
Market Data | Oct 1, 2020
6 must reads for the AEC industry today: October 1, 2020
David Adjaye to receive 2021 Royal Gold Medal for Architecture and SOM reimagines the former Cook County Hospital.
Market Data | Sep 30, 2020
6 must reads for the AEC industry today: September 30, 2020
Heatherwick Studio designs The Cove for San Francisco and Washington, D.C.'s first modular apartment building.
Market Data | Sep 29, 2020
6 must reads for the AEC industry today: September 29, 2020
Renovation to Providence's downtown library is completed and Amazon to build 1,500 new last-mile warehouses.
Market Data | Sep 25, 2020
5 must reads for the AEC industry today: September 25, 2020
AIA releases latest 2030 Commitment results and news delivery robots could generate trillions for U.S. economy.
