Mayo Clinic's $1B capital investments include surgery center: 3 notes

Rochester, Minn.-based Mayo Clinic made $1 billion worth of strategic investments in 2018, including a surgery center project.

What you should know:

1. The health system earmarked $86 million for a Mankato, Minn.-based surgery center development as well as hospital, cancer center and campus expansions.

2. Mayo Clinic invested $648 million to expand its Phoenix campus, $190 million to expand a building in Rochester and $144 to construct a new building and parking garage in Florida.

3. In 2018, Mayo Clinic's revenue grew 5.1 percent to $12.6 billion, and its net operating income reached $706 million. The system allocated more than $724 million for capital projects.

More articles on transactions/valuation:
Anchor Health Properties surpasses $1B after acquiring 4 medical office buildings — 4 insights
Surgery Partners & SurgCenter Development developing new centers & more — 9 ASC industry notes
Physicians 'split right down the center' on Georgia CON law — 4 details

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers