Ellis Medicine granted approval for $21.4M development with surgery center — 4 insights

Clifton Park, N.Y. town planners approved Schenectady, N.Y.-based Ellis Medicine’s $21.4 million expansion, the Albany Times Union reports.

Advertisement

What you should know:

1. Ellis Medicine will break ground on the expansion this summer.

2. Administrators expect the 61,800-square-foot addition to take eight to 10 months to complete.

3. The addition features an ASC on the first floor and physicians offices on the second and third floor.

4. Ellis received $10.77 million in property tax breaks and $1 million in exemptions for the extension.

More articles on transactions/valuation:
Florida hospital closes ASC due to lack of specialists; may reopen in the fall: 4 key notes
6 trends and observations in ASC M&A
3 keys to a successful ASC model

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • ASCs have taken center stage of many hospital and health systems’ growth and development strategies in recent years as they…

  • Germantown, Md.-based Capital Surgical Solutions plans to open a new ASC in Portland, Ore., in the fourth quarter of 2026,…

Advertisement

Comments are closed.