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| Vol. 23, No. 10 |
| June 1, 2001 |
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Memorial Hermann Initiates $420 Million Expansion By BETH SARTORI Memorial Hermann Healthcare System Memorial Hermann Healthcare System recently announced plans to expand all nine of its Greater Houston-area acute care hospitals over the next five years. The unprecedented $420 million capital expansion program will address the increasing demand for the quality care and unique services offered throughout Memorial Hermann. The strategic capital investment will be used to finance construction and expansion projects at Memorial Hermann Fort Bend Hospital, Memorial Hermann Katy Hospital, Memorial Hermann Memorial City Hospital, Memorial Hermann Northwest Hospital, Memorial Hermann Southeast Hospital, Memorial Hermann Southwest Hospital and Memorial Hermann The Woodlands Hospital, as well as continued expansion at Memorial Hermann Hospital and Memorial Hermann Children's Hospital. By 2006, the expansion will result in the creation of more than 400 additional hospital beds and significant expansion of other clinical and support services. The Memorial Hermann hospitals slated for expansion have all experienced marked increases in admissions, surgeries, outpatient visits and deliveries, and are forecasted to experience significant population growth in their respective areas. The demand for the services of these hospitals, which often operate at capacity, has been particularly acute in the delivery of emergency, intensive care and surgery services. The improvements will include new patient care towers, enhanced or new facilities for outpatient and women's services, new surgery suites, expanded or new emergency centers and intensive care units and additional parking capacity. "As board members representing the community, our goal is to ensure continued access to the leading-edge health care provided in Memorial Hermann hospitals," said George Farris, chairman of the board, Memorial Hermann Healthcare System. "Our organization has been serving the health care needs of Houston residents for 94 years, and the decision to undertake a strategic capital investment of such unprecedented magnitude demonstrates Memorial Hermann's continued long-term commitment to the community." "These hospital expansions will position us to continue to better meet present and future demand by alleviating overcrowding, enhancing services and accommodating future growth," added Dan S. Wilford, president and CEO, Memorial Hermann. "As Houston's leading not-for-profit health care system, we channel our revenues back into facilities, programs and services that enable us to better serve the community. We must also rely on community support. Additionally, more than 6,000 physicians throughout our system will play vital roles in our meeting the health needs of Houstonians." Wilford said funding for the projects will come from tax-exempt revenue bonds, cash flow from operations and philanthropic support. In addition to the strategic capital investments totaling $420 million, Memorial Hermann will continue to invest in routine capital over the next five-year period to maintain its hospitals and ensure continued access to its state-of-the-art programs and services. Memorial Hermann Strategic Capital Expansion $42 Million at Memorial Hermann Hospital and Memorial Hermann Children's Hospital
$92 Million at Memorial Hermann Memorial City Hospital
New $45 million professional building in partnership with MetroNational $68.7 Million at Memorial Hermann Northwest Hospital
Approximately $70 Million at Memorial Hermann Southeast Hospital
$78 Million at Memorial Hermann The Woodlands Hospital (under construction)
Master planning is under way for expansion and modernization of Memorial Hermann Fort Bend, Memorial Hermann Katy and Memorial Hermann Southwest. ©2006 Texas Medical Center E-Mail: tmcinfo@texmedctr.tmc.edu URL: http://www.tmc.edu/tmcnews/06_01_01/page_16.html |