Iowa hospital receives $9.5M bond for development with surgery center

Clarinda (Iowa) Regional Health Center received a $9.5 million revenue bond to advance an improvement project that will construct a surgery center, physical therapy facility and remodel spaces in the hospital, local radio station KMA Land reported Nov. 11.

Advertisement

The Clarinda City Council unanimously approved the bond. The medical center will pay back the bond through hospital revenues. Clarinda Mayor Gary McClarnon anticipates issuing another bond for the hospital in the future. The total bond amount will not exceed $12 million.

In addition to the surgery center and physical therapy facility, Clarinda plans to remodel space to develop a pharmacy and specialty care center.

More articles on surgery centers:
10 recent ASC leadership moves
Virginia ASC takes infection prevention to new level — 3 insights
Surgery Partners goes all-in on cardiology — 5 quotes on its quarterly performance

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

  • Atlanta-based United Digestive is planning an ASC in Watkinsville, Ga., focusing on organic growth to expand its network. The newly-constructed,…

  • At least 25 ASCs have closed over the past five years, a pattern of attrition driven by financial strain, staffing…

  • As the ASC industry continues to grow alongside new waves of surgical innovation, patient preferences and shifts to value-based care,…

Advertisement

Comments are closed.