G.L. Bruno Associates Plans $150M California Medical Plaza, Including Surgery Center

G.L. Bruno Associates is moving forward with plans to develop a $150 million medical plaza in Bakersfield, Calif., which would include a 34,000-square-foot outpatient surgery center, according to a report by The Bakersfield Californian.

The medical campus project was originally proposed by a group of physicians in 2005.

The Rio Bravo Medical Campus group has invested $10 million in the project, which will include four buildings at a total of 178,264 square feet. The project leaders are currently waiting on the county for several lease approvals, including an approval for the surgery center.

The surgery center's annual operating costs are estimated at $1.4 million. If approved, the surgery center is expected to reach construction completion within a year.

More Articles on Transactions and Valuation Issues:
15 Statistics on Operating Expense in Surgery Centers Across the US
Cleveland Clinic Sells Elyria Surgery Center Building for $20.2M
Smoky Mountain ASC Files CON Application for Addition of Pain Management

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast