A press release from regional bank The Washington Trust Company revealed that it led construction-to-permanent financing for a new $105 million, 79,500-square-foot building in Waltham, Mass., that it calls “the largest orthopedic ambulatory surgery center and medical practice building in Greater Boston.”.
The new facility, completed in June, is a joint venture among Boston Bone & Joint Institute, Boston Out-Patient Surgical Suites, Boston Orthopaedic & Spine, and ProSports Therapy.
Boston Bone & Joint Institute and Boston Orthopaedic & Spine previously were affiliated with Boston Out-Patient Surgical Suites’ ASC in Waltham, which is a leased 10,000-square-foot space with three ORs.
The new facility is a giant step up for all parties. It houses eight ORs, 28 recovery bays, two floors of medical offices, a dedicated physical therapy space, a lab, a sterile processing unit, and a three-level parking structure with 331 spaces. The ASC clocks in at 33,480 square feet.
More than 30 providers affiliated with Beth Israel Lahey Health will offer orthopedic surgery, joint replacement, spine procedures, sports medicine, and other care and services at the facility.
“This new facility represents a major step forward in how we deliver orthopedic care in Greater Boston,” said Jacob Kirsch, MD, orthopedic shoulder specialist at Boston Bone & Joint Institute. “By bringing together advanced surgical capabilities, physician expertise, and integrated rehabilitation services under one roof, we’re able to provide a more seamless and efficient experience for patients. Our state-of-the-art surgery center allows us to perform high-quality procedures with greater convenience, helping patients recover faster and return to the activities they enjoy. Importantly, this facility reflects our steadfast commitment to delivering the highest quality orthopedic care while remaining independent, giving our patients the personalized attention of a physician-led medical practice and surgical center free from the constraints of large healthcare organizations.”
