DETROIT | Development & Construction: Motown Lowdown

[DetroitMan]

High-tech medical startup closes in on $100M Detroit expansion

Securing another $5 million in state funding provides further financial backing to BAMF Health’s plan to develop a clinic in the city of Detroit for the advanced treatment of cancer and other diseases.

The Grand Rapids-based BAMF Health is “very close” to selecting a partner for a Detroit theranostics clinic that would cost “well north of $100 million” to develop and open by early 2027, said Chief Operating Officer Chad Bassett. A decision on a partner for the project could come “in the coming months, if not weeks,” Bassett said, adding that a location is not yet finalized.

“We are looking at partner options with nearly every health system in the metro Detroit market, as well as with the academic medical centers and the schools, as well as other partners that are seeking to come to Detroit,” Bassett told Crain’s. “We’re open to all locations and the right partners, but nothing has been finalized yet. There are a number of sites.”

This year’s $5 million from the budget, which awaits Gov. Gretchen Whitmer’s signature, is on top of $20 million lawmakers appropriated for the Detroit project in last year’s budget.

BAMF Health has been working with Detroit Mayor Mike Duggan’s office and the Detroit Economic Growth Corp. to select a location for a clinic that would join the Grand Rapids theranostics center that opened nearly two years ago on Michigan State University’s downtown research campus. At the time, BAMF executives expressed an interest in expanding into Detroit.

https://www.crainsdetroit.com/health...roit-expansion