FOR IMMEDIATE RELEASE
Company Enters Its 28th State
Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announces the recent groundbreaking for the development of a new $24 million inpatient rehabilitation hospital (“hospital”) in Fort Smith, AR.
Mercy Hospital Fort Smith, part of the Mercy Health System in St. Louis, and Kindred Healthcare have entered into a joint venture to operate the hospital upon completion. Mercy / Kindred selected The Sanders Trust as the developer to finance, construct and own the 40-bed, 53,000 square foot hospital.
This hospital will serve patients who require rehabilitation following a stroke, traumatic brain injury, spinal cord injury or similar medical problems. Patients will be provided with nursing care, physical therapy, occupational therapy, speech pathology, and related services to post-acute patients for whom the average stay is approximately 13 days.
“The Sanders Trust is pleased to collaborate with the Mercy Health System and Kindred Healthcare in bringing a state-of-the-art rehabilitation hospital to the Fort Smith area,” stated Rance M. Sanders, President and CEO of The Sanders Trust. “We are pleased to continue to expand our healthcare real estate presence across the nation as we break ground in our 28th state.”
The hospital will be located on Chad Colley Boulevard in Fort Smith, AR. The Sanders Trust will work with the architectural firm Earl Swensson Associates based in Nashville, TN and general contractor McCarthy Construction headquartered in St. Louis, MO to complete the project.
For more information, contact:
February 24, 2020 Krista Conlin, krista@kcprojects.net
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