At the end of March, the health system will receive $450 million in bonds, which it will use to build an ASC, a standalone medical clinic and a medical office building. Proceeds will also fund a psychiatric emergency center.
The first phase of renovations is expected to cost $635 million and will be funded by bonds and operating cash. The ASC is expected to be completed between 2025 and 2027.
A second expansion phase will cost $876 million, with all new renovations and construction costing $1.5 billion, the report said.
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.
