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Another expansion may be in the works on the Twin Lakes Regional Medical Center campus.

A strategic planning retreat to be held in coming weeks could include discussions of building a freestanding rehabilitation/orthopaedic center, CEO Steve Meredith announced during a Thursday, Sept. 6, meeting of the hospital’s board of directors.

If a center is built, it would likely be at the corner of Wallace Avenue and Carroll Gibson Boulevard, Meredith said.

The new building would help ease two space crunches TLRMC is currently experiencing — the existing orthopaedic clinic has outgrown is space, and more room is needed overall for physician’s offices.

With the hospital stepping up its recruiting efforts, having more office space for physicians is key, Meredith said.

He also discussed the possibility of completing a portion of the hospital’s third floor as a women’s health center. The area was “designed out” during TLRMC’s recent renovations and expansions.

Any expansions may hinge on what happens with federal healthcare laws following the November election, he said.

In other action, the board approved setting the hospital’s 2012 tax rate at 4.1 cents per $100 assessed valuation for real estate, and 5 cents for personal property.

Both are “compensating” rates, designed to produce roughly the same amount of revenue as the previous year’s tax rate. According to its recently-completed audit, the hospital estimated it would take in $525,000 in taxes in the fiscal year ending June 30, 2012, and actually received about $517,000.