Friday, May 4, 2018

Penrose-St. Francis Health Service rethinking $550 million hospital project

Posted By on Fri, May 4, 2018 at 12:35 PM

click to enlarge St. Francis Medical Center at Powers Boulevard and Woodmen Road. - COURTESY CENTURA HEALTH
  • Courtesy Centura Health
  • St. Francis Medical Center at Powers Boulevard and Woodmen Road.
Penrose-St. Francis Health Services is rethinking its proposed high-rise hospital on Fillmore Street just west of Interstate 25, the Colorado Springs Business Journal reports today.

Penrose bought the property last summer and agreed to limit the height to 165 feet for the $550 million medical campus.

The Journal's Helen Robinson reports the reconsideration is part of a new strategic plan process for the health services provider.

From the story:
Penrose-St. Francis Health Services is kicking off a new strategic plan for Colorado Springs, reassessing whether it needs to build the new hospital planned for its Fillmore Street site, completing a $102 million expansion at St. Francis Medical Center, and seeking a new CEO.

It’s a big year.

Interim CEO Brian Erling, appointed after longtime CEO Margaret Sabin stepped down March 16, is at the helm through all the changes. He’s focused on navigating a rapidly evolving health care landscape and working out what Colorado Springs really needs.

That includes taking a hard look at plans for a $550 million medical campus — which would be Penrose-St. Francis’ third hospital in the Springs — and deciding whether to go ahead.

Penrose-St. Francis is still “very interested” in using the 80-acre site at the corner of Fillmore Street and Centennial Boulevard, Erling said, but new plans will unfold based on new information.

“You do have to take a step back and say, ‘Gosh, are you going to spend half a billion dollars and end up with only a handful more beds and a handful more [operating rooms] to meet the community need? Was that really the best use of that much money?’” he said. “So we’re asking those questions — and the answer might be yes, that is a good use of the money, let’s build the hospital over there; it just needs to be a bit bigger.”

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