Inova’s plan to build new facility to spur US medical bed market

In a bid to consolidate its position in the US healthcare & medical device industry, Inova Mount Vernon, a renowned chain of hospitals in the US, has been reportedly eyeing on the state regulator’s green signal to work on its idea of so-called building a hospital within a hospital.

According to sources, the hospital is in the process to seek approval from the state regulator to build a long-term acute care hospital with around 52 beds at its campus of Fairfax County. Industry analysts claim that if the proposal gets approved, the regional medical bed market would get a significant boost as the project is estimated to cost over USD 21 million, in terms of valuation.

Elaborating on the details of the project, Inova Mount Vernon’s CEO, Dr. Donald Brideau was quoted stating that the hospital normally has 80% census in its inpatient units, which translates to the fact that the hospital has enough spare licensed beds that can be utilized for the project. He further noted that the management is planning to transfer the 237-bed offering that usually goes unused to the long-term acute care facility.

Meanwhile, Inova’s proposal would foster demand for acute & long-term care beds, which would, in turn, stimulate the regional medical bed market growth, speculate industry experts.

For the record, Inova Mount Vernon, based in Alexandria, USA, is a renowned hospital that offers patients convenience and state-of-the-art care. Its nationally recognized Inova Rehabilitation Center and Inova Joint Replacement Center are ranked among the top rehabilitation and orthopedic programs in the nation.

As per the statement released by the hospital authorities, at least 60-100 acute & long-term care beds would be required within the district or in the coverage area of Northern Virginia. This demand for acute & long-term care beds would apparently create substantial growth avenues for the regional medical bed market, cited industry analysts.

Sources cite that if Inova’s proposal receives approval, the entire buildout plan would be concluded by 2020.