New Ambulatory Surgery Center Breaks Ground in Utah

By HCO Staff

OREM, Utah—NexCore Group, a leading healthcare real estate development, investment, and management company, has partnered with one of the nation’s leading providers of healthcare service, HCA Healthcare, to celebrate the groundbreaking of a new ambulatory surgery center (ASC) in Orem. The ceremony took place on April 16, 2024.

The new ASC will span 41,000 square feet and include 10 operating rooms, making it one of the largest surgery centers in HCA Healthcare’s nationwide portfolio. This facility is designed to support the growth of HCA Timpanogos Regional Hospital and its medical providers in the rapidly expanding Central Utah Valley. The ASC joint venture includes HCA’s Surgery Ventures Group, and Central Utah Surgical Center (CUSC), an independent surgical group based in nearby Provo.

This collaboration marks another project in a series of successful partnerships between NexCore and HCA. Austin Manning, CEO of HCA Timpanogos Regional Hospital, noted, “NexCore’s involvement in markets such as Denver and Houston has been beneficial. They were instrumental in addressing initial challenges with this project and have worked diligently to create a plan that aligns with the needs of the ASC’s physicians.”

Incorporating CUSC into the building not only accommodates the group’s growth but also establishes the ASC as a premier surgical center in the intermountain region. Dr. Rob Faux, a CUSC surgeon, expressed enthusiasm about the expansion: “Our high patient volumes mean we’re constantly at capacity. This new facility will allow us to expand and nearly double our current capacity.”

Scheduled to open in the second quarter of 2025, the ASC represents Phase 1 of a two-part development plan on a 6-acre parcel adjacent to Timpanogos Regional Hospital. Later this year, construction will begin on a 54,000 square-foot medical outpatient building (MOB) featuring outpatient services and offices for HCA providers as well as independent medical practices. NexCore is the developer for the MOB and has started pre-leasing for the space.

Teaming with NexCore to deliver the project are architect Boulder Associates and general contractor Layton Construction. Debt financing is being handled by Wintrust Bank, with equity provided by a joint venture with NexCore’s co-GP Fund and physician tenants.

NexCore President Jarrod Daddis remarked, “The Utah Central Valley is one of the fastest-growing regions in the country. This new surgery center, a collaborative effort between NexCore Group, HCA Healthcare, and Central Utah Surgical Center, will cater to the community’s present and future healthcare needs. I’d like to extend my gratitude to the entire team for their dedication in launching the first phase, with a new adjacent medical outpatient building to follow shortly.”