Monday, August 26, 2019

Fresenius Clinic Coming to Belle Meade/Flowood Area



Construction at the former Fire Mountain Grill/Knock Out Fitness is in preparation for a new Fresenius Clinic.

Fresenius operates kidney care and dialysis clinics. Fresenius is a German company although some shares trade directly on the NYSE under symbol $FMS.  Fresenius operates approximately 2,400 facilities in North America and there are 6 other facilities within 10 miles of Flowood.

Requests to Fresenius for more information are pending but since Mississippi still requires certain healthcare facilities to obtain a certificate of need, there is an interesting document available below that supports the approval of the CON application and essentially confirms the future use of the property.
A few interesting notes from the above report:

  • The facility is estimated to generate gross patient revenue of $3.3MM in the first year with approximately 71% of that revenue generated by Medicare and approximately 26% from commercial sources. 
  • The facility's assumed charge per procedure is $712 while the corresponding assumed cost per procedure is $543 in the first year.  
  • Total proposed capital expenditures were $3,865,678 with $975k attributable to land cost.  

This seems like a good project and investment in the area that turns a vacant building into productive use and makes life a little bit easier and convenient for Rez area Fresenius patients.

Saturday, August 3, 2019

Lake Harbour Drive Extension Under Construction

Progress continues on the City of Ridgeland's extension of Lake Harbor Drive.  The extension project will allow travel from Spillway road west to Highland Colony (via a bridge over I-55).

The road will include sidewalks and a multipurpose trail. 

Unfortunately, as evident in the picture above, there will not be any interstate access as, according to city leaders, it's too close to the Natchez Trace exit (immediately north) and I-220 junction (immediately south). 

Nonetheless, another east-west corridor for Reservoir area residents is helpful.

Although the new road doesn't make I-55 significantly more accessible, it will make trips to the new Costco easier.  Costco is currently under construction just north of where the new road intersects with Highland Colony. 

The project is estimated to cost approximately $22 million, with 80% of the cost paid by federal funds. 

Completion is scheduled in the summer of 2020.