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Healthcare construction spending surges despite soaring expenses

August 30, 2022


Healthcare construction remains strong despite surging costs, with spending in the sector near all-time highs, according to a recent Federal Reserve Bank of St. Louis healthcare construction report.

Examples abound:

  • St. Louis Veterans Administration Health is planning a $1 billion renovation at John Cochran Veterans Hospital in St. Louis.
  • The University of California, San Francisco received a $500 million donation to accelerate plans to build a new hospital at its Parnassus Heights campus, which will cost an estimated $1.5 billion.

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