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
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.