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.

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:
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Montana's Billings VA Clinic to Build Outpatient Surgery Center

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