Indiana Vascular Surgery Center Triumphs: Downtown Indianapolis ASC Development Overcomes Financing and Environmental Hurdles

CLIENT PROFILE:

Indiana Vascular Surgery Center, located in downtown Indianapolis, specializes in advanced treatment of vascular diseases in a state-of-the-art facility. Led by the esteemed Dr. Sanjay Mohindra, the center offers cutting-edge, minimally invasive procedures that emphasize reduced recovery times and improved outcomes. Known for its excellence in patient care and commitment to vascular health innovation, the center is a leader in both medical practice and community education.

CHALLENGE:

Developing a state-of-the-art Ambulatory Surgery Center (ASC) in downtown Indianapolis posed numerous challenges, including securing financing through an SBA loan, navigating environmental concerns, and coordinating with city authorities for potential incentives.

ACTION:

JDM Partners, with expertise in commercial brokerage, adeptly managed the intricate process. This involved creating a compelling business plan for Indiana Vascular, negotiating a fair market price for the prime 1-acre site, and handling the complexities of building a two-story, 18,000sf ASC with four operating rooms, conference facilities, and office space.

RESULTS:

  • After overcoming hurdles, the existing structure was demolished, making way for groundbreaking activities in mid-2021.
  • The ambitious project culminated in the grand opening of the Indiana Vascular Surgery Center in the first quarter of 2023.
  • Spanning July 2020 to December 2020, the sale transaction successfully unfolded over a strategic six-month period.
  • Serving as the flagship ASC, the new center positions Indiana Vascular for substantial growth, aligning seamlessly with projections of over 400 procedures monthly.

TESTIMONIAL:

“We had the pleasure of working with JDM Partners on the acquisition and development of our flagship Ambulatory Surgery Center. Their team exhibited unparalleled professionalism, guiding us through the complexities of securing an SBA loan, navigating environmental concerns, and negotiating a fair deal for a prime downtown site. JDM Partners’ expertise ensured a smooth process from conception to completion. Our new facility is a testament to their commitment to excellence. Highly recommended!”

-Dr. Sanjay Mohindra Owner, Indiana Vascular Surgery Center