UT, Vanguard to Develop $350M Children’s Hospital
- Sep 17, 2012
The University of Texas Health Science Center at San Antonio was authorized to execute an agreement with Vanguard Health Systems, according to which the two parties will co-develop a state-of-the-art children’s hospital in the Alamo City.
The proposed $350 million, 250-bed facility, funded by Vanguard, will be designed and built specifically for children’s most pressing medical needs, anchoring a network of clinics that provide access to top pediatric care throughout the region, according to an official statement by the University of Texas System.
Nashville-based Vanguard will partner with the Children’s Hospital of Philadelphia (CHOP) on the project. The UT regents considered three proposals but unanimously decided that Vanguard’s would best serve the needs of patients and families in South Texas, reports the San Antonio Business Journal.
The new hospital will be located next to the Health Science Center’s Medical Arts & Research Center and other research facilities, such as Greehey Children’s Cancer Research Institute, the Center for Oral Health and Research, the South Texas Research Facility, the McDermott Research Imaging Center and the Cancer Therapy and Research Center.
The San Antonio Medical Foundation is providing 15 acres for the new facility.
Vanguard owns the Baptist Health System, which operates five hospitals in San Antonio and is building a sixth in New Braunfels.
San Antonio will also be home to another important children’s hospital project, which is being developed by Christus Santa Rosa Health System. Christus plans to spend about $135 million to transform its downtown campus into the Children’s Hospital of San Antonio. The San Antonio Business Journal recently reported that the new Christus children’s hospital would be completed within 24 months.
Photo rendering of Vanguard’s North Central Baptist Hospital, courtesy of www.stoneoakinfo.com
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