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 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.