LGMC and physician investors put $4 million into MOB expansion.

By Lisa Hanchey

LHC
                                                                                                                      Photo by Robin May

Right around the corner from Lafayette General Medical Center’s newly renovated hospital is a just completed nearly $4 million medical office space expansion. Lafayette Investment Group, a joint venture between LGMC and a group of physician investors, funded the project, which added more than 24,000 square feet to the existing facility at 1000 W. Pinhook Road. This brings the space to more than 84,000 square feet, including 64,000 square feet of medical offices. The Lemoine Company served as contractor for the project, with WHLC Architecture from Baton Rouge the architect.

The three-story medical office building expansion started in January 2011 and finished just before Thanksgiving. This project adds valued office space on the second and third floors, expanding the existing building. The second and first floors are both shelled at this point, and Lafayette Investment Group has not yet identified who the newest building tenants are going to be. Plans for the first floor include a surgery center, another joint venture between LGMC and physician investors. 

Open in 2004, the existing medical office building quickly maxed out to capacity for its medical office space, with all of it occupied by 2005. This expansion is the result of the growing demand for medical office space in the Oil Center. LGMC CEO David Callecod credits the vision of Clay Allen, LGMC board chairman, for years ago developing what he calls a “gravity model,” with LGMC as the “gravitational point.” Allen’s plan to bring more physicians on campus has succeeded two-fold. By expanding on the initial joint venture concept of Lafayette General Surgical Hospital with an associated office complex developed by Lafayette Investment Group, the amount of campus office space leased by physicians went from 47 percent before his appointment to 99 percent since his tenure as chairman. 

The showcase for new and improved medical facilities in the Oil Center is LGMC’s $70 million total renovation completed earlier this year. This remodel added approximately 54 square feet to each room, enlarging bathrooms and showers and modernizing patient care infrastructure. With the upgrade, LGMC added a new 12-bed inpatient rehab unit, updated its 42-bed acute care unit (Louisiana Extended Care Hospital), improved its adult emergency department waiting and triage areas and revamped its pediatric treatment area in the emergency department, adding six treatment bays and a dedicated waiting area. 

Next to the hospital, LGMC just renovated the Townhouse at 111 Auditorium Place for its fitness/wellness center. The hospital is leasing the building from businessman/landman Art LeBlanc, who bought the property in 2004 and converted the space into a restaurant and catering business. LGMC relocated the center from the corner of Heymann Boulevard and South College Road to the building across from the Heymann Center. With the increased space, the fitness/wellness facility will add Pilates and spinning classes and a juice/supplement bar with Wi-Fi access. 

Lafayette Investment Group’s expansion down the road, fronting Pinhook Road and flanked by Audubon and Travis streets, is the latest major construction project in the Oil Center. Occupying the third floor are the first tenants of the new building, the medical practices of Dr. Philip Gachassin and Dr. Dennis Eschete, and LGMC’s Bariatric Program for weight loss surgery. Drs. Gachassin and Eschete’s busy general surgery practice is relocating from its current second floor location to a much larger suite above.

Next door will be LGMC’s Bariatric Program, which recently received a Center of Excellence designation for weight loss surgery. LGMC’s Bariatric Program is relocating into the new addition so that it will be more convenient for customers to complete their nutritional, behavior modification and post-op care education. Follow-up post-operative care after weight loss surgery is essential to maintain the benefits from bariatric surgery. This comprehensive approach helps to ensure the success of patients in the program.

Lafayette General Surgical Hospital remains the primary tenant in the existing medical office building. LGSH performs more than 4,000 outpatient and inpatient surgeries a year, including ophthalmology, general surgery, orthopedics, otolaryngology, cosmetic surgery, urology and pain management procedures. There are 11 additional physician practices located in the present MBO representing these specialties.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

Loading
Chart
ABiz Stock Watch
o Home Bancorp 20.25 0.00 (0.00%)
o Frank's International 26.67 ▼0.70 (-2.56%)
o IberiaBank Corp 65.26 ▼2.02 (-3.01%)
o LHC Group 21.18 ▼0.04 (-0.19%)
o MidSouth Bancorp 16.41 ▼0.49 (-2.90%)
o Petroquest Energy 6.05 ▲0.39 (6.89%)
o PHI Inc. 42.33 ▼0.19 (-0.45%)
o Superior Energy 32.54 ▼0.18 (-0.55%)
o Stone Energy 46.28 ▲0.03 (0.06%)
o Teche Holding 75.60 ▼2.18 (-2.80%)
o Facebook Inc. 60.87 ▼0.49 (-0.80%)
o Twitter Inc. 44.82 ▼1.13 (-2.46%)
o Gannett 27.40 ▲0.30 (1.11%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:20.25 Trade time:4:00PM EDT Value change:0.00 (0.00%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:26.67 Trade time:4:03PM EDT Value change:▼0.70 (-2.56%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:65.26 Trade time:4:00PM EDT Value change:▼2.02 (-3.01%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:21.18 Trade time:4:00PM EDT Value change:▼0.04 (-0.19%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:16.41 Trade time:4:02PM EDT Value change:▼0.49 (-2.90%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:6.05 Trade time:4:03PM EDT Value change:▲0.39 (6.89%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:42.33 Trade time:3:57PM EDT Value change:▼0.19 (-0.45%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:32.54 Trade time:4:01PM EDT Value change:▼0.18 (-0.55%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:46.28 Trade time:4:03PM EDT Value change:▲0.03 (0.06%)
NYSE:TSH

Teche Holding

Company ID [NYSE:TSH] Last trade:75.60 Trade time:4:00PM EDT Value change:▼2.18 (-2.80%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:60.87 Trade time:4:00PM EDT Value change:▼0.49 (-0.80%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:44.82 Trade time:4:00PM EDT Value change:▼1.13 (-2.46%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:27.40 Trade time:4:02PM EDT Value change:▲0.30 (1.11%)
Advertisement

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement