Construction & Facilities Management
Jon M. Huntsman also announced a $120 million commitment from the Huntsman family and Huntsman Cancer Foundation to HCI, the system said.
Part of the reason, the report said, is because independent doctors are largely entering into partnerships with each other.
Construction is expected to last for 18 months, and is the first major upgrade to the hospital in 36 years.
Project is scheduled to start fall 2017, pending certificate of need approval from the state.
Tower will help meet growing ER demand of average 15 percent growth year-over-year in patient visits over the last three years, hospital says.
Aurora said Wednesday the project will produce numerous construction jobs, expand Aurora's local healthcare workforce.
Expansion design complements plans by Children's Hospital Colorado to build full-service pediatric hospital on UCHealth Memorial North campus.
Master plan for 32-acre campus allows for additional patient towers, life flight helipad, system says.
Completed projects totaled 4.3 million square feet, a 35 percent increase over 2015, company said.
Marshfield's research institute has roughly 450 clinical trials and research projects active, system says.