New York’s Montefiore Medical Center to Spend $142M on First Freestanding ASC

Montefiore Medical Center in the Bronx is planning to spend $142.3 million on its first freestanding ambulatory surgery center, according to a Crain’s New York Business report.

Advertisement

Montefiore has agreed to lease a 12-story, 278,000-square-foot building for 16 years. The project gained approval Sept. 19 from the Establishment and Project Review Committee of the Public Health and Health Planning Council. The plan calls for relocating some of the hospital’s ambulatory surgery cases from hospital ORs to a “more efficient and patient-friendly environment.”

The proposed center will have 12 operating rooms and four procedure rooms. Volume at the hospital’s three campuses rose by 6.5 percent between 2008 and 2011, to 29,804 cases from 27,976. During that period, inpatient surgical discharges rose only 1.5 percent.

Related Articles on Transactions & Valuation:
21 Surgery Centers Opened Acquired or Planned in September 2012
Washington’s Tacoma Ambulatory Surgery Center to Close After 30 Years
Montana’s Billings VA Clinic to Build Outpatient Surgery Center

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • Here are 16 ASC projects that were announced or completed in March, as reported by Becker’s: 1. Richmond (Va.) Heart…

Advertisement

Comments are closed.