Muncie-based Central Indiana Orthopedics is proposing a MedTech Park near St. Vincent Hospital in Fishers. The $13 million development would include a 50,000 square-foot medical office facility.
The proposed facility would include a clinic, surgery center, imaging and physical therapy, among other services. It would also bring up to 25 new jobs, in addition to the company’s current Fishers employees and employees from partnering service providers. Central Indiana Orthopedics’ current Fishers presence is within St. Vincent Hospital.
"Fishers is a growing, thriving community and we see so much potential here," said Nimu Surtani, president of Central Indiana Orthopedics. "The new medical center and MedTech Park will allow our doctors and staff to continue offering advanced training and specialized care to our patients, and encourage additional investment in the area. The MedTech Park vision is to attract a critical mass of innovative medical service providers and ultimately be a regional destination for those in need of expert care."
The MedTech Park would be developed on a 37-acre parcel of shovel-ready land just east of St. Vincent Hospital. Under the proposal, Central Indiana Orthopedics would purchase the land and build additional medical office developments and amenities, including infrastructure improvements, active greenspace and trail connectivity.
"The fact that Central Indiana Orthopedics isn’t just building a home for their business, but also investing in the broader vision for an emerging medical services and technology corridor is a true testament to the commitment to the Fishers community," said Fishers Mayor Scott Fadness. "This development will not only benefit our local economy, but the residents of Hamilton County will have access to state-of-the-art medical care."
The Fishers City Council will consider the proposal at its meeting on Monday. The proposal includes a nearly $7 million economic development bond to offset a portion of future infrastructure improvements to the site. The agreement would also waive development fees.