Illinois orthopedic group gets approval for $15.5M surgical facility

Bourbonnais village officials passed an ordinance approving Frankfort, Ill.-based Oak Orthopedics’ plan to develop a $15.5 million surgical facility in their village, the Daily Journal reports.

Advertisement

Oak plans to break ground on its 43,700-square-foot medical campus this fall, with a January 2022 completion date envisioned.

The development will be two stories, with the second floor housing an ASC with three operating rooms designed for total joint replacements.

The village approved $750,000 in tax benefits for Oak, with the practice expected to pay the money back through its annual property taxes.

More articles on surgery centers:
3 ASC developments worth over $10M
7 critical steps for financial success in your ASC
10 most common procedures in ASCs

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in New ASC Development

Advertisement

Comments are closed.