Healthcare Business News

Ohio State officials OK $1 billion expansion project

By Andis Robeznieks
Posted: September 18, 2009 - 2:45 pm ET

A $1 billion expansion project for the Ohio State Medical Center campus has received final approval from the OSU board of trustees.

Advertisement | View Media Kit


The university will issue $925 million in bonds and will solicit donations and “public partnership investments” for the rest, according to a news release. Called “ProjectONE,” the plan calls for a tower that will contain a research institute and a cancer hospital that will have capacity for at least 276 beds, which is 116 more than current capacity.

There will also be a new 144-bed critical-care building, and research, education and patient-care spaces. The university estimates that the expansion will allow 310,000 more patients to be treated annually. It is also expected to create some 10,000 new full-time jobs and 5,000 construction jobs, according to the release. No ground-breaking date has been set, and no certificate of need is required. The work is expected to be completed in 2015.

What do you think? Post a comment on this article and share your opinion with other readers. Submit your comments to Modern Healthcare Online at Please be sure to include your hometown and state, along with your organization and title.



Switch to the new Modern Healthcare Daily News app

For the best experience of on your iPad, switch to the new Modern Healthcare app — it's optimized for your device but there is no need to download.