The full Board of Visitors convened Friday to hear about the acquisition of a site to expand outpatient care from University President Scott Beardsley and Dr. Mitchell Rosner, chief executive officer of U.Va. Health and executive vice president for health affairs. U.Va. Health plans to have the first patients treated in the building by 2028, Rosner noted. The Board also approved 2027-28 academic year housing and dining rates for the University and College at Wise.
The acquisition is a 55-acre and 365,000-square-foot building in the Pantops area of Albemarle County, which was formerly home to a State Farm operations center. U.Va. Health purchased the property for $48.3 million, but received a payment from the previous tenant for early termination of lease obligation, reducing the net purchase price to $37.7 million. The acquired property, located at 1500 State Farm Blvd., is near U.S. 250 and Interstate 64.
Beardsley said that U.Va. Health’s demand for patient care is on the rise, both for inpatient and outpatient care. For inpatient care, patients stay at least one night in a facility, and for outpatient care, patients are not admitted overnight — these visits are typically for check-ups, treatments and tests. Beardsley said that by 2035, U.Va. Health predicts that 1.2 million outpatient visits will take place in Charlottesville annually, which is 300,000 more than the current number of annual outpatient visits…