N.Y.C. healthcare facilities spend billions on updates

Hospitals spent more than $6 billion on construction from 2013 through 2015


New York City’s healthcare construction spending is growing as hospitals expand services and update aging facilities, according to an article on The Wall Street Journal website.

A recent report from the New York Building Congress said that hospitals in the city spent more than $6 billion on construction from 2013 through 2015 and are expected to spend $8.2 billion from 2016 through 2018.

NewYork-Presbyterian and NYU Langone Medical Center each spent $500 million to $600 million on construction in 2014 and 2015.

The sector’s construction spending will add about 2 million square feet of hospital space from 2016 through 2020, the report said.

Read the article.

 



December 14, 2016


Topic Area: Construction


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