A year after the global financial crisis and soaring bond rates rocked hospital construction programs around the country, health-care owners are continuing with expansion and renovation plans to enhance the patient experience, keep pace with future demand and boost operational efficiency. Although the economic turmoil caused several projects to be put on hold or shelved, a number of hospitals have managed to overcome economic challenges and move forward with capital investments. For example, Kaiser Permanente’s $500-million, 340,000-sq-ft hospital and 217,000-sq-ft medical office building in Vacaville, Calif., opened this fall after a six-month delay. Ohio State University Medical Center recently announced
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.