FOR IMMEDIATE RELEASE
April 19, 2022
New 123,230-sq. ft. Facility Located in Massachusetts
Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the groundbreaking of Baystate Behavioral Health Hospital in Holyoke, Massachusetts.
The Sanders Trust was selected as the owner and developer of the 123,230 square foot hospital, with an estimated project cost of $72 million. The 150-bed, freestanding facility, will feature 120 semi-private rooms and 30 private rooms for the Commonwealth of Massachusetts Department of Mental Health.
The project is a joint venture between Kindred Behavioral Health, which is a wholly-owned business of LifePoint Health, and Baystate Health. LifePoint Health will manage day-to-day operations of the hospital, while Baystate Health psychiatrists and advanced practitioners will provide care under the medical leadership of Dr. Barry Sarvet.
“The Sanders Trust is proud to develop state-of-the-art healthcare facilities across the country, and we are honored to be selected as the developer for this hospital project in Massachusetts,” states Rance Sanders, President and CEO of The Sanders Trust. “Our team is pleased to work with these other strong project partners to ensure top-notch facilities and excellent patient care.”
The Baystate Behavioral Health Hospital is scheduled to open in the summer of 2023. The architectural firm for the project is Stengel Hill Architecture, and DPR Construction will serve as the general contractor. First Horizon Bank was lead in providing project financing, with participation by Brookline Bank in Massachusetts.
For more information about the Baystate Behavioral Health Hospital or The Sanders Trust’s role in this development, please contact Krista Conlin at firstname.lastname@example.org.
ABOUT THE SANDERS TRUST
The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals, specialty hospitals and other mission critical healthcare facilities nationwide. Headquartered in Birmingham, Alabama, The Sanders Trust has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired medical properties in 30 states. For more information on The Sanders Trust, visit www.SandersTrust.com.
For more information, contact: Krista Conlin, email@example.com
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