Project Overview
In order to take the pressure off of its existing operating rooms and to secure and maintain loyalty of key aligned physicians, North Bay Healthcare decided to build a 16,000 square foot Ambulatory Surgery Center on the campus of VacaValley Hospital and joint venture with its surgeons in the operations of the facility. Medicus was responsible for completing the initial feasibility study, business plan, and master plan for the project. Medicus also developed, financed and owns the facility. The center opened for business in October 2007.
Project Services
- Market and Financial Feasibility
- Master Campus Planning
- Business Planning
- Ownership Structuring
- Development
- Financing
Challenges
- Obtaining in timely fashion the entitlements necessary for the project
- Designing and developing a cost effect building in a highly regulated market
- Design and construct MOB in an unstable construction environment with rapid cost escalation
- Design and construct facility to meet strict geologic guidelines
- Design future flexibility to expand building and campus
Results
- Facilitated joint venture ownership structure between operator, NorthBay and physicians
- Successful OSHPD level III review
- Project delivered on time and on budget
- Locked in rental rate well in advance of finalizing project GMP and securing financing
- Designed building with maximum flexibility and allow addition of diagnostic imaging as market allows addition of the service line
- Facility obtained all entitlements and meets all regulations