14 new ASC developments where investors expect to spend $13M-$51.5M

Fourteen surgery center developments announced in 2019 are expected to cost at least $13 million by the project’s completion.

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Here are the projects that include standalone ASCs as well as larger medical office buildings and campuses with surgical centers:

1. Nashville, Tenn.-based Vanderbilt University Medical Center‘s planned development in Murfreesboro, Tenn., is expected to cost $51.5 million. VUMC is building a 37,500-square-foot pediatric clinic and ASC.

2. Glendale-based Ascension Wisconsin held a ceremonial groundbreaking on its $42 million medical center with an ASC.

3. Easton-based University of Maryland Shore Regional Health gained permission to transition Cambridge-based UM Shore Medical Center at Dorchester into a freestanding medical facility with an ASC. The project is expected to cost nearly $38.5 million.

4. Medical City Frisco (Texas) broke ground on a 150,000-square-foot, $37 million medical office building and ASC on Feb. 27.

5. Construction on the $37 million Riverview Surgical Center in South Sioux City, Neb., is expected to wrap up this summer, according to the Sioux City Journal.

6. The Memphis, Tenn.-based Campbell Clinic completed a $30 million expansion that includes an ASC.

7. Orthopedic Associates of Hartford (Conn.) opened a $30 million outpatient surgical center in Rocky Hill, Conn.

8. Seattle-based Virginia Mason Medical Center won conditional approval to build a freestanding ASC for $19.4 million.

9. Ulster, N.Y.-based HealthQuest Medical Practice is building a primary care office and an ASC in a former Macy’s in Ulster for $18 million.

10. Brentwood, Tenn.-based TriStar Health is moving forward with a $17.3 million surgery center development after fierce opposition from competitors delayed the project for over a year.

11. Pardee UNC Health Care‘s planned $16 million ASC is part of the nonprofit hospital’s strategy for adapting to healthcare consumerism.

12. Melrose, Mass.-based Melrose-Wakefield Healthcare received state approval to build a $16 million ASC at Medford, Mass.-based Lawrence Memorial Hospital.

13. Chicago-based River North Surgery Center is seeking state permission to establish an ASC. If approved by the Illinois Health Facilities and Services Review Board, the project would cost an estimated $15.6 million.

14. Muncie, Ind.-based Central Indiana Orthopedics is working on a $13 million business development in Fishers, Ind., featuring a surgery center, clinic, imaging and physical therapy.

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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

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