Indiana bill would require CON for $10M+ outpatient surgery center developments

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A bill introduced in Indianapolis could require healthcare providers to prove the need for new developments in order to win state approval, The Journal Gazette reports.

What you should know:

1. Healthcare providers would need a certificate of need to build an outpatient surgery center, hospital or other facility costing at least $10 million.

2. Depending on approval requirements, the proposed legislation could have a chilling effect on competition.

3. Proposed healthcare developments in the area include St. Joseph Health's $120 million hospital development. The project could be subject to the CON requirement if construction begins after June 30.

4. The bill was introduced in mid-January and is pending approval.

More articles on transactions/valuation:
Cincinnati hospital appealing denied CON for $23M ASC — 3 insights
Won't you be my neighbor? Medical facility to include ASC — 4 notes
Melrose-Wakefield Healthcare receives state approval for $16M ASC — 5 insights

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