University of Chicago plans $500M expansion

The University of Chicago Hospitals plans to spend $500 million to build a new hospital. The new facility will be located close to the existing Hyde Park location. The Chicago Tribune reports that the new facility will be six to 12 floors with 300 in-patient rooms. The project is one of a series of similar expansions underway in downtown Chicago. Rush University Medical Center is building on the West Side. Northwestern Memorial has a women's hospital in development as well. Hospital margins are doing well right now, translating into huge building projects all over the country.

- see this article from the Chicago Tribune

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