Issue link: https://beckershealthcare.uberflip.com/i/1338409
23 JOINT VENTURES Illinois health system seeks permission for $70M project to move surgery center, develop medical office building By Eric Oliver U rbana, Ill.-based Carle Health delayed expanding into Danville, Ill., due to COVID-19, but is now seeking state permission to move forward with a pair of projects, The News-Gazette reported Jan. 6. Carle is seeking approval to develop a four-story medical office building and relocate its existing outpatient surgery center in Danville as part of a planned new campus in the area. The medical office building will be 136,943 square feet. It will have 91,746 square feet for clinical services and 41,197 square feet for nonclinical space. Carle anticipates spending $70 million to develop the Danville campus. Carle will relocate its Danville surgery center into the medical office building. If approved, the medical office building will open in late 2022. n South Carolina approves physicians' $12.5M ASC development; hospital to appeal By Eric Oliver T he South Carolina Department of Health and Environ- mental Control on Jan. 7 approved a proposal from two Orangeburg, S.C., physicians to build a $12.5 million ASC, The Times and Democrat reported. General surgeon Dion Franga, MD, and radiologist Amit Sanghi, DO, received approval to construct an ASC with two operating rooms in Orangeburg. The center will offer ophthalmology, gas- troenterology, orthopedics, urology, ENT, radiology and general surgery. The pair anticipates breaking ground on the ASC in 2021, with a potential late 2022 or early 2023 opening. Orangeburg-based Regional Medical Center plans to appeal the department's decision to the state's Administrative Law Court. Regional Medical Center had a competing application to turn its dialysis center into a surgery center. The health system submitted its certificate of need application a week later. Regional Medical Center believes the physicians' surgery center will have a $7.4 million annual effect on its operations. n Pinnacle Dermatology acquires 5-location Virginia practice with surgery center By Eric Oliver P rivate equity-backed Pinnacle Dermatol- ogy expanded into Virginia by acquiring Fredericksburg-based Virginia Dermatol- ogy and Skin Surgery Center. The practice has five locations in Northern Virginia and plans to open three more locations in 2021. Virginia Dermatology and Skin Surgery Center was founded by Mark Eid, MD, in 2012. Dr. Eid commented on the transaction, saying, "Today, I am fortunate to partner with Pinnacle Dermatology, a cutting-edge dermatology plat- form that not only aligns exactly with those core beliefs but that executes on them at an impres- sively high level." Brentwood, Tenn.-based Pinnacle Dermatology is a Chicago Pacific Founders' portfolio com- pany. n 98,000-square-foot medical building in Illinois sold to real estate group — 4 details By Carly Behm A medical office in Peoria, Ill., was sold to Remedy Medical Properties for an undisclosed amount, according to a Jan. 7 report from RE Journals. Four details: 1. The 98,000-square-foot facility is anchored by Peoria-based OSF Healthcare. 2. Other tenants of the property include Illinois Gastroenterology Institute/GI Partners and Springfield Clinic/Peoria Surgical Group. 3. The sale was negotiated by Chicago-based Avison Young. 4. The transaction amount wasn't disclosed. n