Piedmont Healthcare, a four-hospital system based in Atlanta, announced that it is restarting construction of a replacement facility for its 143-bed Newnan (Ga.) Hospital and it is expected to be completed and open in “early 2012,” according to a news release.
Piedmont to resume construction of replacement hospital
After ground was broken in the fall of 2008, the project was halted that December because of changes in interest rates and the availability of capital, Piedmont said at the time.
Originally, plans called for opening a 136-bed, 362,400-square-foot facility around January 2011. The cost was reported to be $193.6 million. Piedmont spokeswoman Nina Day said, thanks to rebidding of construction work and equipment purchases plus lower financing costs, the project is now expected to be priced around $162 million.
“We’re very encouraged—we’ve identified $30 million in savings, and we hope to squeeze out $35 million,” Day said. “The project scope is the same. We haven’t compromised on any services or on size.”
Newnan is located some 40 miles southwest of Atlanta, where Emory Healthcare said it has no plans yet to get going on $1.5 billion worth of construction projects that it put on hold in March 2009. Plans are going forward, however, for a $90 million pediatric research and autism-care center that Emory will build as a joint project with Children’s Healthcare of Atlanta.
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