Chalk it up to continued high population growth, the dynamic nature of health-care delivery, the need to replace aging facilities or all of the above. But even with a considerable list of projects completed in 2015, officials at Utah’s Intermountain Healthcare say they will invest nearly a half-billion dollars per year for the next three to four years on capital improvements, mostly to expand or build new facilities across the state.
The company says that, from 2005 to 2015, it spent $3.7 billion in capital improvements, with a significant portion of that going to construction—just one of the reasons that the nonprofit health-care provider has been selected as the ENR Mountain States’ 2016 Intermountain Owner of the Year.