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RGHS completes purchase of Linden Oaks campus

Rochester Business Journal
June 27, 2012

Rochester General Health System has completed a purchase of three Linden Oaks Medical Campus buildings, officials said Wednesday. 

As reported by the Rochester Business Journal in March, RGHS plans to spend $15 to $20 million over and above the properties’ $40 million price tag to establish a free standing ambulatory care center at the Linden Oaks medical complex.

The ambulatory care center would serve a growing need as new techniques move procedures that once called for multiday hospital stays into doctors’ offices and same-day surgery centers, RGHS CEO Mark Clement said in March. With the development of the East Side ambulatory center, Rochester General Hospital would be able to free much-needed operating room space that is now used for ambulatory procedures, Clement said then.

The below market-rate price of the real estate was offered to the health system as a gesture of support by Linden Oaks developer, Gianniny Associates LLC, RGHS  officials said.   

In addition to an array of services to be installed in the just purchased buildings at 10, 20 and 30 Hagen Drive, the plan calls for relocating a Lattimore Road same-day surgery center it bought from private owners last year to the fourth building at 360 Linden Oaks Dr. RGHS plans to expand the 49,000 square-foot building with a 29,000 square-foot addition.

“We’re very pleased to take ownership of this major addition,” said Hugh Thomas, senior vice president of ambulatory services and RGHS general counsel on Wednesday. “We’re excited to move forward with our plans for a comprehensive ambulatory campus.”

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


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