The economic conditions across construction sectors have been in a state of volatility since the COVID-19 pandemic arrived. It’s no surprise that many businesses and organizations adopted a wait-and-see approach before investing significant capital into the construction of modernized or new facilities.
Notwithstanding, one of the outliers to this period of uncertainty is the health care construction sector. According to industry forecasts, health care construction spending is projected to further increase by 3% in 2021 to $28 billion. And COVID-19 has actually spurred a number of advancements in health care facility development and delivery – chief among them is modular delivery.
In this podcast, Joseph McManus Jr., President of Centinel Consulting, joins VP and Business Manager Kim Neuscheler and VP, Healthcare Director-Florida Larry Blackburn of Turner Construction Company, one of the nation’s top health care construction contractors, and Dann Finn, co-founder and COO of MDN Development LLC, the leader in modular design and delivery, to provide their boots-on-the-ground perspectives, key health care construction market trends and projections, and benefits of certain delivery methods as clients look for speed to market and ways to control cost escalation.