The University of Missouri Board of Curators voted unanimously in favor of renovating the 4th, 5th, 6th, and 7th floors of the University Hospital building on Thursday. According to Interim Vice President Thomas Richards, the $19 million plan is necessary because the current state of the private patient rooms are not up to standards with the rest of the hospital.
“These existing patient rooms are highly outdated when compared to the new rooms in the patient tower, the new Orthopedic Institute, and the other renovated portions of the hospital,” said Richards.
The Board of Curators also voted unanimously in favor of a plan to renovate the Missouri Orthopedic Institute. This $35 million plan will add three floors to the current building that was built in June of 2010. $30 million of the funding will come from debt financing, with the other $5 million coming from the reserves of the health system. The Board of Curators plan on drastically increasing the number of patients the Institute can treat, as well as the total gross revenues.
“In 2012 the volume of patients was 55,966 with gross revenue of $134 million. The project numbers for a new combined facility by 2020 would be 93,600 patients with gross revenues of nearly $388 million,” said Richards.
There is no current date set on when construction will begin for both the hospital and the Orthopedic Institute projects.