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December 2, 2015

Aspirus to invest $30m to expand Wausau Hospital

US-based Aspirus Health System is planning to invest $30m over the next two years to expand its Wausau Hospital to address growing patient demand and regional growth.

Aspirus

US-based Aspirus Health System is planning to invest $30m over the next two years to expand its Wausau Hospital to address growing patient demand and regional growth.

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The first phase of the campus plan will see the addition of new inpatient rooms, doubling capacity of the emergency department’s ambulance garage.

It will also improve hospital dining services and expand the Aspirus Regional Cancer Center.

The addition of positron emission tomography (PET) and computerised tomography (CT) imaging services are also included in the expansion.

Aspirus Wausau Hospital president Darrell Lentz said: "We are very excited to announce this expansion and the continued investment in the Wausau community.

"Aspirus continues to benefit from growing patient demand, and this expansion allows us to respond to this growth in our mission to improve the health of our communities."

"Our success is evidenced by both our strong growth and high level of patient satisfaction."

Wausau Hospital reported it has seen an increase in patient volumes in inpatient and outpatient settings and the emergency department over the last two years.

Aspirus CEO Matt Heywood said: "Aspirus enthusiastically approved this project as part of our continued growth and investment in the future.

"Our success is evidenced by both our strong growth and high level of patient satisfaction."

Planning for the project is currently underway and will be done in phases. Work under the project is scheduled to begin by the end of this year and is expected to be completed in two and half years.

The expansion will see additional new beds in the hospital’s surgical intensive, cardiac intensive and palliative care units.

Under the expansion, 1,000ft² of new space will be added to the cardiac rehabilitation area and 7,000ft² to the Cancer Center.


Image: An architectural drawing of the future renovations at Aspirus Wausau Hospital. Photo: courtesy of Aspirus.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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