Leonard Goldstock, MD, a shoulder specialist at OrthoNY in Albany, N.Y., is encouraging physicians to invest in a $70 million, 125,000-square-foot medical campus in Wilton, N.Y., according to a Dec. 26 report from the Times Union.
Dr. Goldstock is giving physicians an opportunity to invest in the business and its sister project, a housing and retail complex.
The two-story medical office building will provide clinical care from OrthoNY, Albany ENT & Allergy Services, EyesNY and Schenectady-Saratoga Gastroenterology Associates, among others. The project was recently approved by the area planning board.
"We are trying to keep doctors with ancillary revenue," Dr. Goldstock told the Times Union. "Medicine is transactional. We are not crying poverty, but the only way to stay solvent is [to] see more patients and order more tests and do more surgery. That’s the death spiral."
Physicians will own approximately 90% of the new Wilton campus, according to the report. OrthoNY already has eight locations in the region.