Valley Hospital Begins Construction on New $800M Hospital in Paramus
The new hospital, which will be the centerpiece of Valley’s healthcare campus in Paramus, will be funded through the issuance of bonds, hospital equity and philanthropic contributions. Valley anticipates the new hospital could open as early as 2023.
PARAMUS, NJ—Construction has officially commenced on Valley Hospital’s new 372-bed state-of-the-art healthcare facility here.
A host of federal, state and local dignitaries were on hand for the groundbreaking ceremony on Friday for the project that hospital officials said would cost an estimated $800 million. The new hospital, which will be the centerpiece of Valley’s healthcare campus in Paramus, will be funded through the issuance of bonds, hospital equity and philanthropic contributions. Valley anticipates the new hospital could open as early as 2023.
New Jersey Gov. Phil Murphy, U.S. Senator Robert Menendez, U.S. Representatives Josh Gottheimer and Bill Pascrell, Bergen County Executive James Tedesco and Paramus Mayor Richard LaBarbiera were among the elected officials on hand at the groundbreaking ceremony.
Audrey Meyers, president and CEO of The Valley Hospital and Valley Health System, said, “This new hospital will allow us to raise the bar in all that we do. It will revolutionize how we deliver extraordinary healthcare, strengthen our ability to help people in our community live healthier lives, and provide the flexibility necessary to adapt to changes in healthcare delivery.”
The new Valley Hospital, which was first announced in 2017, will be located on Winters Avenue in Paramus, 2.5 miles from Valley’s current campus in Ridgewood. It will incorporate the latest innovations and best practices in modern healthcare facility design, with all single-patient rooms to enhance patient privacy, safety and comfort.
The plans for the new hospital also call for the creation of universally-sized rooms for surgery and procedures. These rooms will be designed to accommodate the latest high-tech, minimally invasive robotic surgeries and interventional procedures with the flexibility to adapt to different purposes over time.
Valley Hospital has also made a strong commitment to incorporate environmentally sustainable practices into the construction, operation and maintenance of the new facility, with 20% of the site dedicated to open, green space. The facility will incorporate green roofs, which involves growing plants on the facility’s rooftops, to reduce storm water runoff, improve energy efficiency, and enhance the overall look of the hospital for patients and neighbors.
Valley facilities on the western side of Winters Ave. include the Robert & Audrey Luckow Pavilion (which houses the hospital’s comprehensive cancer and same-day-surgery centers) and the former Children’s Museum. A campus on the eastern side of Winters Ave. will include the new hospital building, a parking garage and 140 E. Ridgewood Ave, which houses women’s and children’s services. The combined campuses equal 39.59 acres.
Moving inpatient and emergency services to Paramus will allow Valley to repurpose its current campus in Ridgewood for a broad range of healthcare services, including an urgent-care center, and laboratory, radiology and endoscopy services, hospital officials stated. In addition, Valley plans to consolidate existing ambulatory and outpatient services and health system business functions back to the Ridgewood campus.