Sutter Regional Medical Foundation buys more land next to Budweiser brewery
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San Francisco Business Times - 2:28 PM PDT Monday
Sutter buys more land next to Budweiser brewery
Sutter Regional Medical Foundation, a Fairfield Sutter Health affiliate, has acquired 11 acres of land in Fairfield for $3.9 million to expand its presence there.
The regional medical foundation bought an 11.2-acre parcel adjacent to its existing Sutter Fairfield Medical Campus from Anheuser-Busch, Sutter said Monday.
The new property brings the total acreage owned by Sutter Regional on the site to 23.5 acres. Sutter plans to hold the parcel for future expansion of health-care services at the site, which currently houses a 38,000-square-foot outpatient surgery and diagnostic imaging center, along with a 40,000-square-foot medical office building. Design work is underway for a second, 50,000-square-foot office building, slated for completion in the fall of 2006, officials said.
"Solano County is one of the fastest growing counties in Northern California," and the acquisition will allow Sutter to expand to meet that growth, John Ray, Sutter Regional's CEO, said in an Aug. 15 statement. The purchase is part of a $42.5 million strategic plan approved in early May by Sutter's board of trustees. It's aimed initially at developing new medical facilities and recruiting physicians in Solano County, but Ray told the San Francisco Business Times in late May the foundation ultimately hopes to recruit more doctors and develop a larger presence in Contra Costa County as well.
The effort is part of a broader Sutter strategy to build what some call "Kaiser lite" -- a network of tightly linked physicians spanning the Bay, using a medical foundation model that duplicates some of the advantages of Kaiser Permanente's integrated structure -- in effect making Sutter a "Pepsi" alternative to Kaiser's market-leading "Coca-Cola" for doctors in many Bay Area and Northern California communities.
Sutter Regional, which was two years old in July, employs about 70 doctors in Solano and Contra Costa counties.
© 2005 American City Business Journals Inc.
San Francisco Business Times - 2:28 PM PDT Monday
Sutter buys more land next to Budweiser brewery
Sutter Regional Medical Foundation, a Fairfield Sutter Health affiliate, has acquired 11 acres of land in Fairfield for $3.9 million to expand its presence there.
The regional medical foundation bought an 11.2-acre parcel adjacent to its existing Sutter Fairfield Medical Campus from Anheuser-Busch, Sutter said Monday.
The new property brings the total acreage owned by Sutter Regional on the site to 23.5 acres. Sutter plans to hold the parcel for future expansion of health-care services at the site, which currently houses a 38,000-square-foot outpatient surgery and diagnostic imaging center, along with a 40,000-square-foot medical office building. Design work is underway for a second, 50,000-square-foot office building, slated for completion in the fall of 2006, officials said.
"Solano County is one of the fastest growing counties in Northern California," and the acquisition will allow Sutter to expand to meet that growth, John Ray, Sutter Regional's CEO, said in an Aug. 15 statement. The purchase is part of a $42.5 million strategic plan approved in early May by Sutter's board of trustees. It's aimed initially at developing new medical facilities and recruiting physicians in Solano County, but Ray told the San Francisco Business Times in late May the foundation ultimately hopes to recruit more doctors and develop a larger presence in Contra Costa County as well.
The effort is part of a broader Sutter strategy to build what some call "Kaiser lite" -- a network of tightly linked physicians spanning the Bay, using a medical foundation model that duplicates some of the advantages of Kaiser Permanente's integrated structure -- in effect making Sutter a "Pepsi" alternative to Kaiser's market-leading "Coca-Cola" for doctors in many Bay Area and Northern California communities.
Sutter Regional, which was two years old in July, employs about 70 doctors in Solano and Contra Costa counties.
© 2005 American City Business Journals Inc.
posted by Solano EDC at 11:34 AM
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