Citing economic uncertainties, St. Francis Hospital and Health Centers, Beech Grove, Ind., announced it is postponing $265 million worth of renovations at its Indianapolis campus.
Traditionally, hospitals have been recession-proof, but many hospitals and health systems are now entering strange and new territory with this economy, said St. Francis spokesman Joe Stuteville. Were in good financial standing, but since we dont know where this economy is heading yet, we thought wed wait until we see some sort of turnaround, and then we intend to resume.
The projects include a new six-story, 221-bed patient tower, an eight-suite outpatient surgery area, a 68-room emergency department, a two-story cancer-care building, and a new cafeteria, offices, and medical staff library.
Earlier in the week, Atlanta-based Emory Healthcare announced it was postponing $1.5 billion in construction projects, including a new hospital, patient tower and outpatient facilities.