Baptist Memorial avoided $19.1M in CapEx with Redaptive’s flexible lighting retrofit program

Redaptive + Baptist Memorial

Locations

311M

kWh energy reduction

Challenge

Baptist Memorial Health Care needed a financing partner to fund and roll out an LED retrofit program across its facilities. The team wanted a flexible partner that could work alongside its established facilities management vendor, stage rollouts without disrupting patient care or operations, and keep the program cash flow positive.

Desired outcome:

Upgrade lighting across the system without upfront capital or disruption to acute care operations.

Solution

Redaptive funded and delivered a portfolio-wide LED lighting infrastructure upgrade across 52 facilities. Our team worked closely with Baptist’s facilities management vendor throughout the program to stage delivery and keep work moving without interrupting care. Redaptive structured the program around Baptist’s requirements and delivered positive cash flow, even with term lengths out to 12 years.

Locations

311M

kWh energy reduction

Impact

Since installations began in 2023, Baptist’s lighting program has performed at 103% of projected savings. The program has already delivered $19.1M in avoided CapEx and is projected to save $29.4M over 10 years, all without disrupting operations at complex acute care facilities.

$29.4M

Projected 10-year gross energy savings

120K

Metric tons CO2e avoided

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