BIRMINGHAM, Ala. – The Sanders Trust (TST) announced today that it has commenced construction on a new $16 million, 40-bed inpatient rehabilitation hospital in Arlington, Texas. Construction of the roughly 48,000-square-foot Texas Rehabilitation Hospital is expected to be completed in June of 2015. The hospital will serve patients who require rehabilitation following a stroke, traumatic brain injury, spinal cord injury or similar medical conditions and is designed for future expansion to 50 beds.
The state-of-the-art rehab hospital will be leased to a new joint venture between Nashville, Tennessee-based Centerre Healthcare Corporation (Centerre); Arlington, Texas-based Texas Health Resources and Dallas-based Methodist Health System. Centerre will operate the new hospital on behalf of the joint venture.
“This project represents an excellent example of multiple healthcare companies working together to meet patients’ needs while simultaneously focusing on the most efficient setting to deliver care,” said Steve Hewett, Senior Vice President for The Sanders Trust.
“This development furthers The Sanders Trust’s strategy of adding $100 million to $200 million per year to its portfolio by acquiring and developing medical office buildings, inpatient rehabilitation hospitals, long-term acute care hospitals and ambulatory surgery centers,” adds Hewett.
Byrne Construction Services of Fort Worth, Texas will serve as general contractor for the project. Nashville, Tennessee-based Earl Swensson Associates is administering design services.
Texas Rehabilitation Hospital of Arlington will be located just off of I20 near The Parks at Arlington.
About the Sanders Trust
The Sanders Trust develops and acquires Medical Office Buildings, Inpatient Rehabilitation Hospitals and Ambulatory Surgery Center nationwide. Headquartered in Birmingham, Ala., The Sanders Trust (www.sanderstrust.com) has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired more than 60 medical properties in 18 states.
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