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Houston's $5.5B (yes, billion) red-hot healthcareHouston's $5.5B (yes, billion) red-hot healthcarehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=130122016-05-03T05:00:00Z2016-05-03T22:45:00Z

​​​​​HOUSTON - Houston's health care development is booming due to several factors such as the impact from the Texas Medical Center, a growing and aging population base and the Affordable Care Act.

There's roughly $5 billion in medical construction and development underway in the Bayou City, according to Transwestern's Houston Healthcare Market first quarter 2016 report.

It's not just hospitals being built, though—medical office buildings are on the rise, and Houston's biggest health care institutions, such as Memorial Hermann, Houston Methodist and Baylor College of Medicine are all expanding their presence in Houston's suburbs.

The costliest medical office building underway belongs to Memorial Hermann, which is building a $66.5 million, 175,000-sf medical office building in The Woodlands, according to the Transwestern report.

It's set to be completed in February 2017.

The city's most expensive hospital underway is the $1.1 billion Baylor St. Luke's Medical Center McNair Campus, which is on 27.5 acres in the Texas Medical Center. Upon its completion in 2019, the campus will contain 650 patient beds. 

The campus broke ground on Tower 2 in April that will house roughly 420 beds.​


Houston Business Journal
Houston-The Woodlands-Sugar Land
Medical
http://www.bizjournals.com/houston/news/2016/04/27/whats-fueling-5-5-billion-in-houston-developments.htmlSource: {Source}

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