Here’s what you should know:
1. Mayo is building an 11-floor expansion. Four floors will be clinical space, and the other seven will be for a hotel.
2. Mayo is investing $190 million into the clinical expansion.
3. As a result of the procedure, Mayo will expand its cancer and outpatient procedure centers.
4. Mayo entered into a joint venture with Pontiac Land Group for the hotel. Both Mayo and Pontiac will jointly own the hotel. Mayo said a major hotel group will operate the hotel space.
More articles on transactions/valuation:
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41% of hospitals, health systems have ASC ownership or affiliation — And they want more
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