IU Health's $4.7B Indianapolis Campus Reaches 80% Completion

IU Health's downtown Indianapolis academic medical campus, now budgeted at $4.74 billion, is about 80% complete and on track for a December 2027 opening, according to Becker's Hospital Review. The flagship IU Health Medical Center, a $2.49 billion, 2.56 million-square-foot facility with 860 private rooms, will consolidate high-acuity adult care from the system's Methodist and University hospitals. The project coincides with a systemwide Epic implementation and a new Fort Wayne hospital, both launching May 1, 2027, contributing to a drop in IU Health's operating margin to 1.9% in Q2 2026 from 5.4% a year earlier. System executives say the heavy one-time capital spending is proceeding as planned and is expected to yield roughly $50 million in annual facility savings once complete.