USD/BTC = $84,380 Block 887,907 TL:DR

PHOENIX, Ariz. — Mayo Clinic will expand its campus in Phoenix, Arizona, adding 1.2 million square feet of space in a $1.9 billion investment.

The expansion, announced Monday, March 3, is part of Mayo Clinic's overall "Bold. Forward. Unbound." infrastructure projects, which includes the $5 billion "Bold. Forward. Unbound. in Rochester" plan and an ongoing expansion at the Jacksonville, Florida campus.

"Through this work, we are physically and digitally transforming health care and blurring the lines between inpatient and outpatient care to support category-of-one health care for our patients, a category-of-one workplace for our staff and to serve as a blueprint for the world," Dr. Gianrico Farrugia, Mayo Clinic's president and CEO, said in a news release.

"Bold. Forward. Unbound. in Arizona" will include a new procedural building and an expansion of the existing Mayo Clinic Specialty Building that adds new technology, 11 operating rooms and 48 hospital beds across two units along with its "four-floor vertical and horizontal expansion." The two buildings will be connected by a two-story, indoor promenade.

"Another prominent feature in the new design will be the development of care neighborhoods that cluster complementary clinical services for a more intuitive and connected patient experience," the news release states.

The Arizona expansion is anticipated to be complete in 2031, one year after the five Unbound buildings in downtown Rochester are set to be built and in use.

"Bold. Forward. Unbound. in Arizona will increase clinical space on the Phoenix campus by nearly 60 percent, allowing us to care for more patients than ever before," said Dr. Richard Gray, CEO of Mayo Clinic in Arizona. "We look forward to setting new standards for patient care and medical innovation."

Massive expansion by the famous Mayo Clinic. Increase access to care? Or capturing the Phoenix healthcare market? Hard to say but the price isn’t cheap coming in at almost 1.8M sats per square foot. ($1,533)