RSI Ibnu Sina Magelang is a private health service, which has not been running a health service business for 6 years due to bankruptcy. Because the hospital has been out of operation for more than 3 years, it is the obligation of each hospital to renew its licensing and accreditation according to Article 40 of the Hospital Law number 44/2009. And based on the mandate of Law Number 44 of 2009 concerning Hospitals and Regulation of the Minister of Health of the Republic of Indonesia Number 147 / MENKES / PER / I / 2010 concerning Hospital Licensing, it is necessary to conduct a feasibility study first by analyzing external and internal factors. In this study, economic analysis was carried out using the Average Rate Of Return (ARR), Payback Period (PP), Benefit Cost Ratio (B / C Ratio), Net Present Value (NPV) and Internal Rate of Return (IRR). From the analysis of external and internal factors, RSI Ibnu Sina Magelang has fulfilled the development and development of health service facilities. The results of economic analysis with an investment value of hospital development of Rp. 133,200,000,000, - and a project life of 30 years resulting in an ARR of 66.75%, a payback period of 5 years and 4 months, a positive NPV of Rp. 19,700,152,955, -, Net B / C of 1.205 and IRR of 13.82%. From the results of this analysis, it can be concluded that the investment in the development and development of health facilities at RSI Ibnu Sina Magelang is feasible.