Central Indiana Orthopedics constructing $52M medical campus with surgery center — 4 insights

Written by Eric Oliver | June 08, 2018 | Print  |

Muncie-based Central Indiana Orthopedics is constructing a 37-acre medical campus with a surgery center and medical office space, the Indianapolis Business Journal reports.

Here's what you should know:

1. The practice plans to use $13 million to acquire the land and start construction on the first of several buildings. The entire campus could cost up to $52 million.

2. The company hired Envoy Inc., to manage the construction and development of the campus.

3. The city council has already approved a $5.2 million bond for the project that'll be paid back through a tax increment financing district.

4. The practice plans to have three separate buildings that appear as one, but can accommodate separate owners when complete.

More articles on transactions/valuations:
Carolinas Center for Ambulatory Dentistry sinks teeth into ASC project — 5 quick facts
4 things to know about Laser Spine Institute's new CMO
Hitting the sweet spot: 7 statistics on the ideal number of physician owners for ASCs

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