Becker's ASC Review

January/February 2021 Issue of Becker's ASC Review

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24 JOINT VENTURES 11 biggest surgery center projects in 2020 by cost By Angie Stewart T his year, at least 11 developments in- volving an ASC or outpatient surgery center represented an investment of $50 million or more. e biggest surgery center projects Becker's ASC Review covered this year, ranked by dollar amount: 1. A $1 billion construction project at Wil- lowbrook, Calif.-based Martin Luther King Jr. Community Hospital includes plans for a medical office building with an ASC. 2. Baptist Health Lexington (Ky.) plans to build a $1 billion outpatient surgery and med- ical campus in Hamburg, Ky., for which it will receive up to $12.7 million in tax breaks over 20 years. e campus will have a multistory hospital, a surgery center and 12 buildings with retail and medical office space. 3. Duluth, Minn.-based Essentia Health is developing a new hospital, clinical building and outpatient surgery center, but the project timeline was pushed back to accommodate an expansion. With the expansion, the proj- ect will cost $900 million. 4. Houston-based Baylor St. Luke's is expanding its McNair Campus with a 400,000-square-foot, $426 million medical office building, which it expects to open in early 2023. e 12-story facility will feature an ASC, a pain center, a radiology depart- ment and other services. 5. Orlando (Fla.) Health and Jewett Ortho- pedic Institute (which is now part of the system) broke ground on a 197,000-square- foot $250 million orthopedic complex Nov. 17. e facility will have 75 inpatient rooms, 20 operating suites, five virtually connected operating suites and 167,000-square-feet of medical office space. 6. University of Rochester (N.Y.) is redevel- oping a portion of a former shopping mall in Rochester for $240 million. e development will have an ASC and a multistory office building. 7. Jacksonville, Fla.-based Baptist Health is building a $200 million, 300,000-square- foot hospital on its campus in Fleming Island, Fla. e hospital will offer an array of services including an adult and children's emergency department, an ASC, and spe- cialty and imaging services. 8. e University of Illinois Hospital in Chicago broke ground Aug. 13 on a $194 million surgery center and specialty clinic development. 9. Portland, Maine-based Northern Light Mercy Hospital began work on a $83.8 mil- lion expansion, which will create a hospital, a medical office building and an ASC. 10. A Houston-based developer is building a 364,000-square-foot medical office building that will contain a surgery center. Developers expect to finish the first phase of construc- tion in the fall of 2021, and the entire project will cost around $77 million. 11. In late July, Chillicothe, Ohio-based Ad- ena Health System reached the halfway point on construction of its $70 million Orthope- dic and Robotic Surgery Center. n USPI to offload urgent care platform in 2021 By Angie Stewart O n the heels of a $1.1 billion deal to acquire up to 45 ASCs from SurgCenter Development, Tenet Healthcare is planning to sell its urgent care plat- form in the first quarter of 2021. Dallas-based Tenet will sell its urgent care platform to FastMed Urgent Care, the companies announced Dec. 18. FastMed Urgent Care has more than 100 walk-in loca- tions throughout Arizona, North Carolina and Texas. Under the deal, FastMed Urgent Care will gain 87 centers primarily located in Florida and California that are oper- ated under the CareSpot and MedPost brands. Tenet's Addison, Texas-based subsidiary, United Surgical Partners International, currently operates the urgent care platform being sold. It is the same entity charged with operating the ASCs being acquired from Nashville, Tenn.- based SurgCenter Development. n Spectrum Health Pennock opens new surgery center By Carly Behm H astings, Mich.-based Spectrum Health Pennock recently opened a new surgery center, a spokes- person told Becker's ASC Review in an email Nov. 30. Here are five things to know: 1. The surgery center cost almost $12 million, and $8 mil- lion of that came from a philanthropic donation. 2. Services include general surgery, orthopedics and endoscopy. 3. The center is 19,000 square feet. 4. Fifteen surgeons from six specialties work out of the center. 5. The COVID-19 pandemic caused minor construction delays, but the project was completed on schedule. n

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