ASCs are experiencing a development boom in the Sun Belt, a region that spans the Southeastern and Southwestern United States. The trend is being driven by demographic shifts, increased healthcare spending and regulatory factors.
New ASC Development
Arjun Gangakhedkar, real estate and financial specialist for the recently formed ASC chain Ker Medical and principal at QHM Partners, joined Becker's to discuss two major risks to ASC real estate development.
Raleigh, N.C.-based Compass Surgical Partners has linked with Lubbock, Texas-based physicians to develop an ASC in Lubbock, EverythingLubbock.com reported Oct. 31.
Mishawaka, Ind.-based Franciscan Health recently began construction on a 82,881-square-foot medical office building in Valparaiso, Ind., wimsradio.com reported Oct. 30.
Charleston, S.C.-based MUSC Health has broken ground on an 80,000-square-foot medical office building, the Clements Ferry Pavilion.
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Opening an ASC, particularly in a state with certificate-of-need laws, often requires years of administrative work.
Holland (Mich.) Hospital and Holland-based Shoreline Orthopaedics are partnering to open the Orthopedic Center & Surgery Center at Westpark on Oct. 29.
Atrium Health Wake Forest Baptist is converting a space in Greensboro, N.C., into a $163 million medical office building campus, according to an Oct. 24 report from the Triad Business Journal.
The Elk Grove (Calif.) Planning Commission has given initial approval for Sacramento, Calif.-based Sutter Health to construct a new medical office building, Elk Grove Citizen reported Oct. 24.
Salt Lake City-based Intermountain Health has partnered with Denver-based healthcare real estate group NexCore to develop a new medical office building in Englewood, Colo.