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Texas Health Rockwall’s $92.3 Million Expansion Serves Growing North Texas Region

An estimated $92.3 million expansion and renovation at Texas Health Hospital Rockwall is nearly doubling the size of the hospital and bringing a Level II Neonatal Intensive Care Unit (NICU), a Cardiac Catheterization Lab and an expanded Emergency Department to the growing North Texas community.

By expanding, Texas Health Rockwall, a joint venture between Texas Health Resources and area physicians, is increasing healthcare services to Rockwall and nearby communities.

“We are growing Texas Health Rockwall to better serve our patients and their families,” said Cindy Perrin, president of the hospital. “We are especially proud of our new NICU, which will help meet the health needs of our tiniest patients closer to their homes. Proximity to a hospital that can address critical care needs will bring greater comfort to families living in the communities we serve.”

A new two-story addition transforms an inpatient wing into a four-story bed tower. The project will add 32,000 square feet of new space and 51,000 square feet of renovated interior areas. These additions and renovations are being constructed in phases, with final completion expected in summer 2023.

Once the project is completed, the hospital is expected to deliver an estimated 1,200 babies a year, up from 400 or 200% today.

The project is an investment in the future health of families and residents in a high growth area. The hospital, which began as a small community hospital with a focus on surgery in December 2007, serves patients and families from various counties, including Rockwall, Kaufman, Hunt, eastern Dallas County and southern Collin County.

“Our caregivers live in these communities,” said Jason Linscott, chief operating officer and chief financial officer at Texas Health Rockwall. “We want to provide the best care for our neighbors, friends and family members. This expansion allows us to bring greater access to medical services to families living east of Lake Ray Hubbard.”

The estimated population of Rockwall County was listed as 116,381 according to 2021 U.S. Census figures, an increase of more than 38,000 since the 2010 Census. Rockwall and nearby communities have been attracting businesses as North Texas continues to grow.

The new eight-bed NICU includes two private rooms and a separate room for parents who need to stay overnight to care for their babies. This addition brings a NICU to the hospital for the first time.

The NICU and other renovated areas have spacious waiting rooms in light blue and gray tones. Wave features are painted on the walls, alluding to the nearby lake. These features are intended to instill a sense of calm.

Most of the first floor is being renovated or refreshed. The facility’s front-line caregivers provided input into the design based on needs that came to light during the COVID-19 pandemic.

Once completed, Texas Health Rockwall’s project will include:

  • • New NICU
  • • Ten new Labor & Delivery Rooms in an expanded Labor & Delivery area – up from seven
  • • Two C-Section rooms up from one
  • • Twenty-four postpartum rooms up from 10
  • • Twelve Intensive Care Unit (ICU) beds up from six
  • • Renovation of the Post Anesthesia Care Unit
  • • Expanded Emergency Department with 14 emergency room beds – up from seven
  • • New Cardiac cath lab and Interventional Radiology lab
  • • New kitchen
  • • New central plant and additional parking

 

Source:Blue Ribbon News

Related Cos. Buying Stake In CareMax To Develop Senior Health Centers

Related Companies is acquiring up to a 9 percent stake in Miami-based health care provider CareMax, with plans to develop about 75 senior health centers in underserved areas nationwide.

Related bought $5 million of CareMax stock, at a price of $10 per share as part of the agreement, and will serve as an investor, advisor, developer, and even as landlord of CareMax health centers, The Wall Street Journal first reported. CareMax or its affiliates will operate the new facilities, according to a press release.

“Quality healthcare is essential for all communities to thrive,”Bryan Cho, executive vice president of Related Companies, said in a statement. “We chose CareMax to help expand their reach because their fully integrated model is uniquely positioned to address the systemic issue many low-income seniors face.”

Cho will join the CareMax board of directors as part of the deal.

The Hudson Yards developer also received warrants to purchase up to 8 million additional shares at $11.50 per share, which can be exercised based on when the new medical centers that Related helped create are opened, according to the release.

“CareMax serves 65,000 people with its 42 Florida medical centers — about 22,000 of which are seniors — and will use the investment to expand its centers into Texas, Tennessee, New York and other states,” Ben Quirk, chief strategy officer at CareMax, said in a statement to Commercial Observer.

Three initial facilities have plans to open in 2022: a 8,000-square-foot spot at 651 River Avenue in the Bronx Terminal Market; a 5,000-square-foot outpost at 17-31 Seagirt Boulevard in Ocean Park Apartments in Far Rockaway, Queens; and a 27,000-square-foot spot on 1915 3rd Avenue in East Harlem, Quirk said. The leases are long term, though Quirk would not comment further on the terms.

The Miami health care company, founded in 2011, plans to open a total of 75 new centers in the next three years. Its residents pay monthly subscriptions through Medicaid and Medicare for health care, rather than fees based on individual office, clinic and hospital visits, per WSJ.

Related Companies, which got its start as an affordable housing developer after its founding in 1972, pointed to a growing need to serve affordable housing residents, who tend to age where they are rather than move, according to WSJ. The landlord, which owns 60,000 affordable housing units in 24 states, views health centers as a source of demand for flagging downtown retail spaces.

“Together with Related we saw that there is a profound nationwide need for medical and social care within and convenient to affordable housing communities,” Carlos de Solo, president and CEO of CareMax, said in a statement. “We engaged Related as our real estate advisors to assist us in locating our de novo medical centers directly within and near to these affordable senior communities nationwide.”

 

Source: Commercial Observer