FISHERS, IN – Central Indiana Orthopedics announced a proposal for a MedTech Park that would include a medical campus located on 37 acres east of St. Vincent’s Hospital in Fishers. The first development on the proposed campus would be a 50,000 sq. ft. medical-office facility, home to Central Indiana Orthopedics, on the southwest portion of the parcel. The proposal will be considered at the Fishers City Council meeting on Monday.
“Central Indiana Orthopedics is already a great partner in the Fishers community and the decision to further invest in Fishers is very exciting,” said Mayor Scott Fadness. “As an advanced leader in the field of orthopedics and sports medicine, the company embodies the innovation-driven vision that has become synonymous with Fishers.”
Currently, Central Indiana Orthopedics’ Fishers-based operations are located in St. Vincent’s Hospital. The new, state-of-the-art facility will expand the company’s footprint in Hamilton County and include, among other services, a clinic, surgery center, imaging and physical therapy. The building will house Central Indiana Orthopedics’ current Fishers employees and up to 25 new hires. In addition, employees from various service providers that partner with Central Indiana Orthopedics will be located at the facility.
“Fishers is a growing, thriving community and we see so much potential here,” said Dr. 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.”
Central Indiana Orthopedics’ building is the first development in the proposed MedTech Park, and will establish market expectation for future development in the area. The company will purchase 37 acres of shovel-ready land on 136th Street, south of I-69 to develop the technology-focused medical campus. Conceptually, the park will boast additional medical office developments and amenities to attract young, bright talent to the community, including infrastructure improvements, active greenspace and trail connectivity. In total, Central Indiana Orthopedics’ plans to invest $13 million in the proposed MedTech Park and new building.
“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 Mayor 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 City Council will consider an agreement that includes issuing a developer-backed economic development bond of approximately $6.9 million to offset a portion of the future infrastructure improvements to the 37 acre site. In addition, the proposed agreement includes the waiver of development fees.
About Central Indiana Orthopedics: Founded in 1950 by Leland Brown, M.D., and Jack Walker, M.D., Central Indiana Orthopedics is a leader in the field of orthopedics and sports medicine that uses advanced training and state-of-the-art techniques to provide specialized care in the areas of ankle, back, elbow, foot, hand, hip, joint replacement and revision, knee, neck, physical medicine and rehabilitation, shoulder, spine, sports medicine, and wrists. Doctors and staff serve as the official team doctors for Anderson University, Ball State University, Indiana Wesleyan University, and Taylor University as well as several area high schools.