Hallmark Health System to build joint venture Medford ASC: 4 things to know

Mass.-based Hallmark Health System plans to build an ASC at its Lawrence Memorial Hospital campus in Medford, Mass., according to a Hallmark Health statement issued to Wicked Local.

1. The proposed $16 million facility will be a 17,500-square-foot joint venture with Shields Health Care Group of Quincy, Mass., and physician groups such as the Tufts Medical Center Physicians Organization in Boston.

2. Tufts Medical Center physicians will perform surgeries and procedures at the Medford ASC. The facility's design and the number of operating rooms has yet to be finalized.

3. Hallmark Health joined Tufts Medical Center and Circle Health in Lowell, Mass., as an equal founding member of Wellforce Health System in January 2017.

4. The new facility increases Lawrence Memorial's footprint in Medford, providing greater and more convenient access to outpatient services.

More articles on transactions and valuations:

Inland Real Estate purchases 2nd MOB with ASC this week

Radiology Partners eyes California market entry through partnership — 5 insights

5 recent ASC acquisitions & partnerships — December 2017

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months