Organizations love to build new facilities, which signal prosperity and expansion. The arrival of a new institutional or commercial building gives everyone in the organization a chance to celebrate success, and executives get a chance to pose for pictures cutting the ribbon at the opening. So it's a rare organization that passes on a chance to construct a new building and instead invests valuable resources in renovating and improving its existing facilities.

Venice Regional Bayfront Health is one such organization. The system will drop its plan to build a new hospital and instead has announced plans for a multimillion dollar capital investment plan to enhance its existing campus on the island of Venice, according to the Sarasota Herald-Tribune. Venice Regional and its parent company will not pursue construction of a proposed 210-bed replacement campus.

Plans now call for converting all inpatient rooms into single-occupancy rooms, as well as increasing inpatient and outpatient surgical capacity at the hospital by creating a comprehensive surgical unit on the north wing of the hospital’s second floor. The hospital emergency department also will be renovated, as will patient and guest areas. Specifics on the renovation plan of the existing 67-year-old, 312-bed facility were not revealed.

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