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 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 New ASC Development

Advertisement

Comments are closed.