St. David’s HealthCare, which provides care for more Central Texans than any other healthcare system, announced Tuesday an investment of $953 million is being made into the region’s healthcare infrastructure.
“St. David’s HealthCare is committed to meeting the needs of our rapidly growing community,” David Huffstutler, president and chief executive officer of St. David’s HealthCare, said. “While the COVID-19 pandemic certainly compounded the challenges our region is facing, there was already a need for more physical capacity in our existing hospitals to care for patients, as well as additional services in our community, including behavioral health services. And, as the population growth in Central Texas continues to expand into outlying areas, this has created the need for us to establish additional sites of care in those areas. These needs will only increase in the future with the ongoing, rapid growth of Central Texas. As a result, we are initiating plans to build two new hospitals, embarking on the construction of a new behavioral health hospital, as well as plans for multiple expansion and renovation projects to ensure we can continue our mission to provide exceptional care to every patient every day.”
St. David’s HealthCare has already invested more than $2.5 billion over the past 25 years to expand and develop its facilities.
St. David’s HealthCare’s investments will include:
- $142.5 million for a new full-service, acute care hospital in Leander
- $185 million for a new full-service, acute care hospital in the Kyle area
- $33.8 million for a new 80-bed behavioral health hospital near St. David’s North Austin Medical Center
- $145.9 million for renovation and expansion at St. David’s North Austin Medical Center
- $249 million for renovation and expansion at St. David’s South Austin Medical Center
- $53.1 million for an expansion at St. David’s Round Rock Medical Center
- $20.9 million for an expansion at Heart Hospital of Austin
- $43 million for renovation and expansion at St. David’s Medical Center
- $80 million for construction of future capacity at area hospitals to accommodate future growth
This $953-million investment will be paid for out of St. David’s HealthCare operations. No debt will be incurred by the healthcare system, and because of St. David’s HealthCare’s business model, no philanthropic dollars will be solicited or used to support the projects.
