The project will be developed on 23 acres of land recently purchased by the health system. The facility will include a 55,000-square-foot ambulatory surgery center and a 100,000-square-foot medical office building.
St. Luke’s eventually plans to invest more in the project, with a long-term goal of adding a 300-bed hospital to the site.
More Articles on Transactions and Valuation Issues:
USPI 1Q Financial Results & Development Activity: 5 Key Points
What ASC Physician-Owners Need to Know About ASC Real Estate Sales & Leasebacks
7 Recent ASC Announcements, Expansions or Openings
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.
