Vanderbilt University Medical Center Delays $200M Surgery Center, Medical Complex Project

Vanderbilt University Medical Center in Nashville, Tenn., has announced that it will be pushing back the timeline on its $200 million, 500,000-square-foot medical complex and surgery center project in Cool Springs, Tenn., according to a report by The Tennessean.

Advertisement

The land for the project was purchased for $5.1 million in 2010. Initially the project was expected to cost about $60 million.

The project is being delayed to a $250 million reduction of the medical center’s budget over the next two fiscal years.

More Articles on Transactions and Valuation Issues:
$25M New England Baptist Outpatient Care Center to Open in Dedham
Laser Spine Institute Opens Surgical Center in Texas
5 Things to Know About ASC Transactions for the Next 5 Years From Luke Lambert of ASCOA

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

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.