Mayo Clinic’s regional network of medical centers is investing $70 million to expand and renovate the surgery suite and orthopedic clinic at its hospital in Mankato.
The project includes a $65 million upgrade to the hospital’s surgery facilities that is part of a broader plan to better link the Mankato campus with Mayo Clinic’s headquarters in Rochester, according to details released Friday.
The surgery project includes a variety of upgrades including 14 new operating rooms and 43 private patient rooms for before and after surgery. Construction is expected to begin later this year, with completion scheduled for late 2018.
Mayo said it’s investing another $5 million to expand and renovate the Mankato hospital’s clinic for orthopedics and sport medicine. The new space will include up to 20 patient examination rooms and a minor procedure room. The orthopedic care staff will get bigger, too.
“Mayo Clinic is committed to the needs of patients in Mankato and the surrounding communities we serve,” said Dr. James Hebl, vice president of Mayo Clinic Health System in southwest Minnesota, in a statement.
Mayo Clinic, which is the state’s largest private employer, has about 63,000 workers across hospitals and clinics in Arizona, Florida, Iowa, Minnesota and Wisconsin. The clinic is the state’s largest health system in terms of annual revenue, as well.
Through the first three quarters of 2016, Mayo Clinic posted net income of $341 million on $8.15 billion in revenue, according to a financial statement in November. The filing listed about $1 billion in construction projects underway at the end of 2015, with all expenditures for the projects expected within three to five years.
During the first quarter of 2016, Mayo announced a plan for spending $92.7 million on facilities and equipment, including hospital space in Rochester. At roughly the same time, Mayo also announced $100 million in spending at its hospital in Jacksonville, Fla.