Adena to Invest $70 million for Orthopedic and Robotics Center

CHILLICOTHE, Ohio, May 14, 2019 /PRNewswire/ -- Adena Health System President and CEO Jeff Graham today announced plans to construct a five-story Orthopedic and Robotics Center on the campus of Adena Regional Medical Center (ARMC), located in Chillicothe. The project represents a $70-million investment in providing the south central and southern Ohio region with greater nearby access to orthopedic treatment and minimally-invasive surgical care.

"Since ARMC opened more than 45 years ago, we have grown our services as more patients across south central Ohio have entrusted us with their care," said Graham. "In recent years, we have developed a great need for additional operating rooms and inpatient space to accommodate the new technology in robotic surgical procedures. The new center will meet the needs of our rapidly growing orthopedic service line and robotic surgery program, and will become a 'destination center for care.'"

The current ARMC facility opened in January 1974, and constructed with six operating rooms, efficient for the needs of the time. The new center will include at least six operating rooms to meet the specific technological and space needs for current and future orthopedic and robot-assisted surgeries.

Patients will immediately notice a focus on hospitality and a concierge-service atmosphere when they arrive at the new center, which will include a parking structure, adding 300 new spaces. The aesthetics of the public areas will be something patients have not seen in the region, offering a calming, positive experience for patients, visitors and staff.

Construction is expected to begin later this year, with the new center opening in 2021.

Funding for the project will come from the sale of bonds. The Ross County Commissioners have agreed to facilitate bonds, allowing Adena to begin this project. Bonds sold to investors will support the construction of the project, and to also refinance some existing infrastructure debt at today's low interest rates. Bond underwriter, Cain Brothers, will soon release a Preliminary Official Statement (POS) to notify potential investors of the availability of bonds. Investor presentations will take place to answer any questions from potential buyers. The bonds will then be sold and purchase documents closed by July 1, 2019.

For more about Adena Health System and its services, visit adena.org.

SOURCE Adena Health System

Related Links

https://www.adena.org