Iasis hikes cap ex budget for '13

Iasis Healthcare executives say they have pegged their 2013 capital spending budget at between $140 million and $150 million. (Search here for "140.") If the company does end up spending that much in the coming year — plans can change, you know — it will be an increase of about 30 percent from the $112 million it devoted to cap ex in the fiscal year that ended Sept. 30. The anticipated jump is due almost entirely to greater investments in replacement or maintenance projects. In the two fiscal years before the most recent one, Franklin-based Iasis spent $81 million and $98 million, respectively, on plant and equipment.