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Estimated to begin a phased opening in 2027, the 26-story Centennial Tower at the Texas Medical Center will have a larger emergency department, new imaging services and add 400 patient beds. The past several years have been a flurry of new construction for Texas Medical Center properties, including a massive expansion for the Medical Center itself.
This “significant milestone event,” as Greene Park Capital called it, marks the REIT’s entry into the US. The portfolio includes 27 specialized healthcare real estate assets across five asset classes located in 10 states.
While hospitals have been setting up innovation programs for years, the efforts took on a new focus as the healthcare industry eyed consumerism and pushed to create new care models that engage patients at home and outside of the hospital. They’re expensive projects, usually involving investments in real estate and hiring staff to run the programs.
MedSpace USA is a national healthcare real estate development firm based in Florida offering a full range of development services.
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