Mercy Health is putting a hospital project in Champion Township, Ohio, on hold, citing economic volatility, inflation and financial challenges as factors for the decision, CBS affiliate WKBN reported Dec. 12.
The Cincinnati-based health system announced plans for the 241-bed St. Joseph Hospital two years ago and said in May that it expected to complete the development in 2025.
"However, due to the current national economic volatility, inflationary pressure and financial challenges healthcare systems nationwide are experiencing, we've made the difficult decision to temporarily pause the project at this time," Mercy Health said in a statement, according to WKBN. "We look forward to resuming planning for this project at a future date."