Bridgemoor Transitional Care opened to the public a newly built short-term rehabilitation facility in Webster, Texas, with a final price tag of $20 million.
Specifically targeting post-acute residents, the new Webster facility features 70 private suites equipped with bathrooms, an in-house pharmacy, and dialysis coordination, along with high-end food options and a salon.
“Our Webster location provides a model of care that is truly unique to the greater Houston area,” Mark Fritz, president of Bridgemoor Transitional Care, said in a statement announcing the opening.
Fritz formed Bridgemoor earlier this year to take over the operations of four SNFs initially developed by Mainstreet, which has significantly scaled back its presence in the rehab arena over the past year. He had been part of the team that helped develop the “Rapid Recovery Center” rehab model for Mainstreet, before leaving to form Bridgemoor and take over the four-building portfolio in Texas — with a specific focus on building relationships with acute-care partners in the region.
“We can manage that patient in place, and that’s becoming, I think, a big asset as we grow and discuss with hospital system,” Fritz told SNN in February.
Non-Profit Plots $45.3M SNF in Pennsylvania
Non-profit operator Centre Care last week broke ground on a $45.3 million skilled nursing development with both short- and long-term care options in College Township, Pa., StateCollege.com reported.
The 240-bed facility will feature three specialized care “neighborhoods” targeted at medically complex residents, individuals with memory care needs, and short-term rehab patients. Once open in 2020, the 135,000-square-foot property will replace the 80-year-old Centre Crest in Bellefonte, Pa., which Centre Care has operated since taking over control from county officials in 2013.
“We are thankful for the new facility with its increased number of single rooms, private bathrooms and lots of different spaces for us to be active in and entertain our families,” Charlie Meyer, president of Centre Crest’s resident council, told the publication.
The lion’s share of the funding for the facility, or about $34 million, came from a loan from the federal Department of Agriculture.
Long-Shuttered SNF Hits Market
A “long-vacant” nursing home on Massachusetts’s Cape Cod has finally come on the market for $2.5 million, according to a report from CapeCod.com.
The Whitehall Nursing Home in Hyannis, Mass. sits on nearly three acres of land and has been owned by a non-profit foundation since 2005. Built in 1967, the facility “has been in disrepair for years,” the publication reported, with frequent public requests to redevelop the site.
Board members of the Lyndon P. Larusso Foundation recently analyzed the local real estate marketplace and determined that the time to sell had come.
“In this case, the location at 850 Falmouth Road has no peer,” real estate advisor John Ciluzzi told CapeCod.com. “A 2.98-acre parcel situated in such a fantastic location does simply not come up very often, if ever.”
Companies featured in this article:
