Siemens Helping Summa Health System Save On Energy And Labor Costs
BUFFALO GROVE, Ill. — Ohio’s Summa Health System is undergoing a $4.2 million building infrastructure upgrade to reduce operating costs and improve patient and staff comfort. Summa plans to accomplish these improvements with no capital outlay. It financed the one-year boiler and lighting system upgrade through a performance contract arrangement with Siemens Building Technologies Inc.
Under terms of the contract, Siemens is guaranteeing $5.8 million in energy savings and $2.3 million in labor savings over a 10-year-period at Summa’s Akron City and St. Thomas hospitals. Most of the savings will result from new high-efficiency boilers just installed at St. Thomas. Siemens financed the $4.2 million project, which Summa will repay within seven years, from the project’s guaranteed savings. The balance of the $8.1 million projected savings will leave Summa with substantial funds for future infrastructure improvements.