Much of the health care system isn't for-profit, but that doesn't stop money from getting spent. When I lived in Chicago, the local hospital was Northwestern Memorial, which is a non-profit hospital attached to a non-profit university. But the university owns literally 5-6 city blocks of prime Chicago real estate (tax free, of course). It's interesting to note that between 1972 and 1994, there was no new construction on the Northwestern Memorial campus. Then in 1999, two huge new buildings went up, then a women's hospital in 2007, a new children's hospital in 2012, and a new outpatient facility is slated to open in next year. These are each $350-500 million high-rise buildings. And these aren't utilitarian buildings of the kind that were pervasive in the 1970's. They're nicer than most F500 headquarters.
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Much of the health care system isn't for-profit, but that doesn't stop money from getting spent. When I lived in Chicago, the local hospital was Northwestern Memorial, which is a non-profit hospital attached to a non-profit university. But the university owns literally 5-6 city blocks of prime Chicago real estate (tax free, of course). It's interesting to note that between 1972 and 1994, there was no new construction on the Northwestern Memorial campus. Then in 1999, two huge new buildings went up, then a women's hospital in 2007, a new children's hospital in 2012, and a new outpatient facility is slated to open in next year. These are each $350-500 million high-rise buildings. And these aren't utilitarian buildings of the kind that were pervasive in the 1970's. They're nicer than most F500 headquarters.