A two-building, 13 acre property has recently been purchased for $48 million by Michigan State University. The property will be used by MSU Health Care providers to provide more healthcare to the mid-Michigan area.
Michigan State University has recently made the purchase of a property consisting of two buildings with the intention that the property will be used for MSU Health Care providers in order to consolidate a number of services, such as ambulatory surgery, pediatrics, and family medicine, into one location, which will lead to more accessibility for patients.
The purchase, which cost the university $48 million, was approved by the MSU Board of Trustees in February and finalized in July, and is the most recent investment by the school in its crusade to improve health care services in mid-Michigan.
In an article posted on Michigan State University’s website, the executive vice president of Health Sciences at MSU, Norman J. Beauchamp, Jr., was quoted about the purchase, saying, “At the heart of MSU Health Care’s mission is bringing more quality care to residents around mid-Michigan and expanding our clinical research capabilities. The purchase of this building gives the Greater Lansing community a centralized location to get the care it needs.”
The property is located on the corner of Hannah Boulevard and Hagadorn Road, which is very near Michigan State University’s campus, and takes up 13 acres. The property holds two buildings: a six-story 150,000 square foot building at 4660 Hagadorn Road, called the Eyde Building, and a two-story 60,000 square foot building at 4700 Hagadorn Road. The buildings currently house several tenants with leases that will end at different times, the latest being in 2027. These leases will be honored under their original terms.
Seth Ciabotti, who serves as the CEO for MSU Health Care, was also quoted on the new buildings, saying, “This investment in property is showing the dedication of MSU Health Care to provide the best health care for the people of Michigan by making it easier to access health services. Locating services often used together close to each other makes it easier for our health care workers to collaborate, ultimately leading to a better experience for patients.”
MSU Health Care is the school’s academic health center, which represents over 600 faculty and affiliate providers, and presently leases several floors of the Eyde Building. Recently, the school opened its doors to an expanded Heart and Vascular Center that provides patients with services like stress tests, electrocardiography testing, non-invasive cardiology testing and echocardiography, cardiology consultations, and ambulatory blood pressure monitoring. The center’s vascular surgical and imaging services also include treating conditions such as non-healing ulcers, varicose veins, deep vein thrombosis, complex venous disease, and abdominal aortic aneurysm.
The newly purchased property will allow for additions to these services and will be able to accommodate other services that were previously doled out at Free Hall and the MSU Clinical Center, such as psychiatry, endocrinology, family and internal medicine, and pediatrics.
The University hopes that this purchase further demonstrates its commitment to the mid-Michigan area. Earlier in the year, the MSU Board of Trustees also allowed administrators to draw up plans for a new Health Sciences building which will bring state of the art technology to nursing and medical students. MSU has also recently teamed up with McLaren Greater Lansing to open a new Outpatient Imaging Center that brings more cutting edge medical technology to the area.
More information about Michigan State University can be found on the school’s website.