OrthoIndy, a 60-physician group practice in Indianapolis, plans to build a $21 million to $25 million, 60-bed musculoskeletal hospital on the city's northwest side. The group will raise the money internally rather than partner with a hospital or other organization, Executive Director George Kellum said. "In the final analysis, we chose not to partner with anyone with whom we spoke," Kellum said. "We're aware that there are some skills we do not currently have on staff and we will seek out those people." The orthopedic hospital, expected to be completed in 2004, would be one of several new specialty hospitals in Indianapolis. Within the past two years, all of the city's four health systems have announced plans to built cardiac-care hospitals, including two joint ventures with physicians. A spokesman for the Indiana Hospital & Health Association said OrthoIndy's venture "is the first in the state without existing hospital joint-venture partners. Only time will tell how the revenue loss affects existing Indianapolis hospitals and how they react." Fifty of OrthoIndy's 60 physicians are orthopedic surgeons. The group, founded in 1962, billed more than $60 million in 2001. -- by Mark Taylor
Ind. orthopedics group plans specialty hospital
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.