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TO BUY OR TO BUILD?
- Article from:
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Healthcare Informatics
- Article date:
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June 1, 2008
- Author:
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Copyright informationCopyright Vendome Group LLC Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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Hospitals are facing tough choices when planning to expand.
Despite the current recession and a meltdown in the credit markets, hospitals are continuing to expand. In fact, although overall commercial construction has been slowing, healthcare construction remains relatively robust throughout all regions of the country.
Robert Levine, senior vice president of Turner Construction's Healthcare division based in Nashville, Tenn., says that while healthcare construction starts were down 3.6 percent between January 2007 and January 2008, construction starts in all other industries were down 13 percent.
Levine says the current building boom in Healthcare is being driven largely by four factors: ...