Cleveland Clinic, Rendina Healthcare Real Estate break ground on 72k-sq-ft facility including ASC

Cleveland Clinic and Jupiter, Fla.-based Rendina Healthcare Real Estate partnered to construct a $32 million, 72,000-square-foot health center in Coral Springs, Fla.

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Here’s what you should know.

1. The partners broke ground on the center May 17.

2. The Cleveland Clinic will fully occupy the center. It will feature a clinical space, a diagnostic imaging center and an ASC.

3. Center developers expect it will open sometime in 2018.

4. Cleveland Clinic’s Senior Developer of Real Estate Peter Volas said in a release, “We’re excited to have the opportunity to explore a new approach to delivering a high-quality outpatient facility with a joint venture partner.”

More articles on transactions/valuations:
Baptist Health South Florida acquires Galloway Surgery Center, Kendall Endoscopy Center
Texas ASC files for Series D financing: 4 key notes
Physician-owned hospital bill introduced in Senate: 5 things to know

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