How Much Does Building a Hospital Cost?

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Overview of Hospital Construction Costs

  • The cost of building a hospital varies based on size, location, and type.
  • Factors like land, construction, equipment, furniture, and staffing contribute to the overall cost.

Impact of Location on Construction Costs

  • Las Vegas has the lowest construction cost per square foot.
  • Urban areas typically have higher land and labor costs compared to rural areas.

Average Costs and Breakdown

  • The national average cost to build a hospital varies from $60 million to $187.5 million.
  • Construction costs for a large 500+ bed hospital range from $800 million to $1 billion.
  • Startup costs for a hospital range from $28 million to $100 million.

Key Factors Affecting Hospital Construction Costs

  • The size and complexity of the hospital facility directly correlate with construction expenses.
  • Purchasing and maintaining equipment costs on average $15-35 million.
  • Urban areas have higher land and labor costs than rural areas.

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