Mayo Clinic Arizona undergoing massive 5-year, $648M expansion — 6 insights

Phoenix-based Mayo Clinic in Arizona is about to start its largest expansion to date as it drastically transforms its campus, AZ Central reports.

Here's what you should know:

1. The health system is planning a five-year, $648 million expansion.

2. The expansion is expected to add 2,000 jobs by 2029.

3. The expansion involves a six-story patient tower, which will add a new emergency department, an outpatient surgery center and an underground parking garage.

4. The tower will add 1.4 million square feet to the campus' existing 1.7 million square feet.

5. Hospital administrators are bucking national trends by adding inpatient beds, but Mayo Clinic officials said the Phoenix campus has a smaller bed count than other major medical centers.

6. Mayo Clinic in Arizona CEO Wyatt Decker, MD, said, "We see tremendous demand for our services even while some hospitals are struggling to fill beds. In the pool that we compete in, we are actually quite small. ... We often get lumped in with large community hospitals, but we are really not a community hospital. We love serving the community, but we're focused on the most complex medical procedures and care that are available anywhere."

More articles on transactions/valuation:
Dr. David Kim pleads guilty to accepting $4.5M in kickbacks — 6 insights
ASC supply chain challenges & opportunities: 3 Qs with Cardinal Health's Marvella Thomas
Possible new ASC one step closer after Louisiana city council passes ordinance

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers