CaroMont Regional Medical Center Starts $16.5M Expansion
- Sep 05, 2014
By Eliza Theiss, Associate Editor
CaroMont Health kicked off construction on a 10,000-square-foot expansion and renovation of its existing Emergency Department at the 435-bed CaroMont Regional Medical Center.
CaroMont Regional Medical Center’s emergency room had last been renovated in 1999. That redesign was imagined to cater to 60,000 patients a year. In the following years Charlotte’s rapid growth has boosted the annual number of patients to almost 100,000. The enhancements will include a larger waiting area, private triage rooms, a care transition area, as well as a dedicated pediatric care space with its own waiting and treatment areas. The project is expected to complete in 2016 at a cost of $16.5 million.
Earlier this year CaroMont Health had approved a lease amendment proposal with Gaston County for the continued lease for the CaroMont Regional Medical Center building and the land it sits upon. The agreement targeted a 40-year term with an option to renew for an additional 40 years and included a commitment to invest $200 million in campus-based improvements over the course of the following 10 years. A proposal to purchase $20 million in corporate bonds with a 4 percent coupon rate benefiting Gaston County with about $800,000 in interest payments per annum was also made as part of the lease negotiations.
CaroMont’s free-standing emergency facility in Mount Holly is also moving forward with development at a rapid pace. The $24 million project, which broke ground a year ago, was expected to open in spring 2015, but according to the latest CaroMont update, it will be completed in January 2015. The 38,000-square-foot facility will feature 12 exam rooms, two trauma rooms, a laboratory and a diagnostic imaging suite. It will create 69 new jobs.
Click here for further Charlotte market data
Image courtesy of CaroMont Health