Campbell Clinic receives 8-year tax abatement for $30M expansion with ASC — 4 insights

The Germantown (Tenn.) Industrial Development Board awarded Germantown, Tenn.-based Campbell Clinic an eight-year retention pilot for its new expansion, Memphis Daily News reports.

Advertisement

Here’s what you should know:

1. Campbell Clinic is planning a $30 million, 120,000-square-foot facility with an outpatient orthopedic space, physical therapy and imaging suites, and an ASC with eight operating rooms, in Germantown.

2. The clinic requested an 11-year pilot from the board, but was granted an 8-year pilot with the option for Campbell Clinic to return and seek additional incentives as expansion is underway.

3. The pilot, which stands for payment in lieu of taxes, will allow Campbell Clinic to make a set payment to the Germantown government for eight years. After the pilot expires, the clinic will be subject to the regular taxation.

4. Officials expect the clinic will create 185 new jobs over the next three years, while retaining all current positions.

More articles on improving performance:
14 statistics on GI physician salary, compensation
Pennsylvania hospital to acquire Central Penn Gastroenterology Associates — 3 things to know
Johns Hopkins develops blood test for 8 cancers, 5 of which have no screening option

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC News

Advertisement

Comments are closed.