News Release: Remedy Medical Properties and Medical Facilities Holdings complete Physician Surgical Network MOB/ ASC near San Antonio

PSN has moved into the new 59,741-square-foot medical office building and ambulatory surgery center in Westover Hills, Texas and begun performing surgeries

The new Legent Westover Hills MOB expands Physician Surgical Network’s presence in the San Antonio area and in Texas and includes a larger surgery center than originally planned. The 15,121-square-foot ASC houses four operating rooms with space to add additional ORs or a cardiac catheterization lab.

WESTOVER HILLS, Texas, and CHICAGO, June 28, 2023 – Chicago-based Remedy Medical Properties and its development partner San Antonio-based Medical Facilities Holdings (MFH) announced that they have completed a new 59,741-square-foot medical office building (MOB) containing a new ambulatory surgery center (ASC) for Physician Surgical Network Affiliates (PSN) in the northwestern San Antonio suburb of Westover Hills.

PSN began seeing patients and performing surgeries in May at the new surgery center located in the two-story Westover Hills MOB located at 10622 State Highway 151. The rest of the facility is actively being leased up.

Jordan Fowler, CEO of PSN Affiliates | Legent Health, said the new MOB/ASC is part of the organization’s ongoing strategic expansion plans.

“We have been steadily expanding our services throughout Texas. We saw an important need for a new MOB and the expansion of what was an existing two operating room ASC in the northwestern San Antonio suburbs,” says Mr. Fowler. “Although we have had an established presence in the San Antonio area for some time, this was our first ground-up development and in a highly affluent market, so we are very pleased with the successful outcome.”

Jim Moylan, EVP | Design & Construction for Remedy, notes that the company took over development of the project after the design phase was complete. Then, working closely with PSN, MFH and the design team, Remedy implemented various changes to the plans to align with overall project objectives.

“When construction progressed, PSN decided to expand the ASC floorplate,” says Mr. Moylan. “We accommodated the new design by reconfiguring tenant space on the first floor and reworking plans for the equipment sterilization room. We are pleased that our company could be highly flexible and responsive to our client’s needs at every step of the development process.”

The completed building features a contemporary design with a 40-foot grand entrance lobby and a second-floor cafe dining area with patio seating. The 15,121-square-foot ASC boasts four operating rooms with shelled space for additional future ORs.

Mr. Moylan adds, “This is the first of several new developments that Remedy, MFH and PSN are partnering on, so the changes and lessons we learned will have an important impact on the design of the health system’s future ASCs.”

In addition to Mr. Moylan, Design & Construction Leader for the project, the Remedy team included: David Martin, Development Leader; Darrell Phillips, Land Development Oversight; Kyle Edington, Design Oversight; Keith Cantwell, Construction Oversight; and Rob Burkitt, Asset Management. The other experienced members of the project team were Austin, Texas-based Polkinghorn Group Architects; E.E. Reed Construction, which is headquartered in Sugar Land, Texas; and lender Ally Bank. In addition to developing and owning the new facility, Remedy also is serving as the asset manager and property manager.

About Remedy Medical Properties

Remedy Medical Properties is a full-service healthcare real estate company and the largest owner of healthcare properties in the country, with more than 28 million square feet and 25 offices spanning 43 states. For healthcare decision-makers who want to maximize the value of their real estate while enhancing their ability to adapt, our national presence enables us to offer the right solutions in the right locations for your organization. Remedy offers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy. Our willingness to commit capital, share more risk, and offer greater foresight results in greater resilience, profitability, and peace of mind for our clients. For more information visit www.RemedyMed.com.

About Medical Facilities Holdings

Founded in 2019, San Antonio based Medical Facilities Holdings (MFH) has earned its reputation as a leading real estate development company specializing in the healthcare sector. MFH delivers real property for state-of-the-art medical services through ground-up development, renovations, and distressed facility turnaround. With expertise in managing and operating surgery centers, surgical hospitals, and medical office buildings, MFH is equipped to unlock value in sites and maximize their potential.

About Physician Surgical Network Affiliates

Founded in 2017, Plano, Texas-based Physician Surgical Network Affiliates (PSN) offers world-class surgical hospitals and outpatient surgery centers, including 13 in Texas and one in Florida. PSN’s services include spine care; orthopedics; chronic pain care; ear, nose and throat; gastrointestinal; and general surgery. For more information, please visit www.psnaffiliates.com.

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