Foundation departs nearly new building
A tight economy is leading the Colorado Springs Osteopathic Foundation to close its nearly new Centennial Health building at 3480 Centennial Blvd.
The final day will be Feb. 28, according to a press release last week from Foundation Executive Director Doris Ralston. Opened in June 2007, the 11,706 square foot single-story building will be sold. The asking price is $2.6 million, and “we have had some interest in the short time it has been up for sale,” she said.
The press release lists positive aspects of the decision - including “plans to collaborate with other organizations to address our community's health care issues and make grants to other qualified non-profit organizations in our community.” However, Ralston elaborated in a follow-up e-mail that “with the recession our assets have decreased and the contributions have decreased. We decided that a strategic shift in direction was needed in order to continue to provide community benefit for the long term.”
When built, the Centennial Health facility was described as a needed expansion from Colorado Springs Osteopathic's downtown site, where it had provided medical services since 1984.
The Centennial Health facility has 11 patient examination rooms, 2 procedure rooms, a lab and offices for consultation, physicians and foundation staff.
The overall construction cost, including building, land, land improvements, and architectual fees, totaled approximately $2.8 million, Ralston said.
Elaborating on the change, she said, “Being a private non-operating foundation will enable us to continue to provide community benefit for many years to come.”
Three Centennial Health doctors, Randall Hoffman, Adrienne Kania and Michelle Reed, will be relocating, according to a Colorado Springs Osteopathic newspaper ad and information mailed to patients.
Dr. Kania will remain on the Westside at 1430 S. 21st St. Her phone is 385-0600.
Westside Pioneer/press release