Talk of Sale Overshadows Expansion at National Park Medical Center

by Mark Friedman  on Monday, Oct. 7, 2013 12:00 am  

National Park Medical Center, Hot Springs. 

The plans at National Park call for expanding its cardiology center, medical imaging, emergency services, outpatient services and women’s services, Jerry Mabry, the Arkansas market president for Capella, said in an email to Arkansas Business.

Detailed building plans aren’t ready to be made public, but excavation of the 9-acre expansion site next to the hospital is expected to begin within the next three months, the news release said.

A contractor for the project hasn’t been chosen yet. Some of the expansion jobs are expected to be completed by the end of the 2014. And other services will be phased in during the next two to three years, the news release said.

National Park said it does plan to add jobs as a result of the project, but it’s unclear at this point exactly how many, Mabry said in the news release.

The expansion project has been on Capella’s to-do list for a couple of years.

“Our vision has not changed,” Mabry said in the email. “We are continuing to pursue growth in the areas for which the Hot Springs region and residents show a need.”

He said the approximately $40 million to $45 million price tag for the work includes the cost of construction and equipment.

Founded in 1954, National Park had $84.9 million in net patient revenue and net income of $14.8 million for its fiscal year that ended Aug. 31, 2012. For its fiscal year that ended in 2011, National Park reported net income of $15.8 million.

“The expansion at National Park will help meet the needs of the Hot Springs region for many years, and has been needed for some time,” Slipkovich said. “We’re excited about moving forward.”

 

 

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