According to this week’s Atlanta Business Chronicle, Children’s Healthcare of Atlanta plans to build a $1 billion to $1.3 billion hospital on a 46-acre site at North Druid Hills Road and Interstate 85 in the city of Brookhaven.
The new facility will address worsening space constraints at Children’s – which currently has campuses in downtown Atlanta, Sandy Springs and on Clifton Road – and will allow the hospital to meet forecasted patient care and space needs through 2026 and projected demand to 2036 and beyond.
“It’s very rare you build a new hospital,” said Children’s CEO Donna Hyland in an interview with Atlanta Business Chronicle. “Most of the time you just keep adding to what you have. But we’re at the point where that’s not feasible.”
Hyland said the new hospital is part of an up to 50-year plan for Children’s. Across its three hospitals, it currently has 578 beds, and it will need up to 750 by 2026. By 2036, it will need 950 beds.
Hyland anticipates Children’s will come up with the $1 billion-plus needed for the new hospital through a combination of its own funds, tax-exempt debt financing and philanthropic support.
Children’s will phase out inpatient operations at its Egleston campus on Clifton Road when its new hospital opens. Hyland said its research department will stay at Egleston, but other plans for the hospital have yet to be made. The health system would consider selling it to Emory or another buyer, she said.
Ellie Hensley is an entertainment, health care and general assignment reporter at Atlanta Business Chronicle.
Like us on Facebook