Building binge hasn’t crimped hospital profits

Indianapolis-area hospitals spent billions on construction in the past decade and increasingly tried to poach patients from one another’s territories. Yet last year—one of the worst economically in recent history—21 of 26 hospitals still were able to show operating profits.

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Wishard construction bids starting to flow

About $72 million in bids have been awarded so far for the $754 million Wishard Hospital project—ahead of schedule
and under budget, for the time being—including demolition and foundation work.

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Wishard Foundation appoints new leader

Ernest Vargo II’s Vargo’s top priority will be guiding the foundation’s $50 million capital campaign for the construction
of the new, $754 million Wishard Hospital.

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