New York’s Montefiore Medical Center to Spend $142M on First Freestanding ASC

Montefiore Medical Center in the Bronx is planning to spend $142.3 million on its first freestanding ambulatory surgery center, according to a Crain’s New York Business report.

Advertisement

Montefiore has agreed to lease a 12-story, 278,000-square-foot building for 16 years. The project gained approval Sept. 19 from the Establishment and Project Review Committee of the Public Health and Health Planning Council. The plan calls for relocating some of the hospital’s ambulatory surgery cases from hospital ORs to a “more efficient and patient-friendly environment.”

The proposed center will have 12 operating rooms and four procedure rooms. Volume at the hospital’s three campuses rose by 6.5 percent between 2008 and 2011, to 29,804 cases from 27,976. During that period, inpatient surgical discharges rose only 1.5 percent.

Related Articles on Transactions & Valuation:
21 Surgery Centers Opened Acquired or Planned in September 2012
Washington’s Tacoma Ambulatory Surgery Center to Close After 30 Years
Montana’s Billings VA Clinic to Build Outpatient Surgery Center

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.