18 Sep, 2018, 10:44 ET
DALLAS, Sept. 18, 2018 /PRNewswire/ -- MedCore Partners, a full-service healthcare real estate company, announced today that it has brokered the purchase of a 67-acre land parcel for the development of Methodist's new 190,000 square foot full-service acute care hospital and a 45,000 square foot medical office building in Midlothian, Texas.
Methodist anticipates beginning construction on the hospital and medical office building in 2018 with expected completion in 2020. This facility will be the 11th hospital to proudly carry the Methodist brand.
Kyle Libby and Michael Collins of MedCore Partners represented the buyer, Methodist Health System, one of DFW's premiere healthcare systems. The sellers, Jerry and Steve Massey, were represented by Joe Rust of the Joe Rust Company.
The parcel is located just west of U.S. 287 near the Midlothian ISD multi-purpose stadium. Initially, the property is planned to include a hospital with 44 beds but will have the capacity to expand to 80 beds as demand increases. The medical center will employ approximately 300 healthcare professionals and support staff members at the end of the first full-year of operation. Additionally, the excess land will allow Methodist to further its commitment to the needs of the growing community.
"I think this site is perfect for Methodist," comments Libby. "This site gives Methodist exceptional access, visibility, and provides for their long-term planning and growth strategy. Big things are happening in Midlothian and Methodist has made the commitment to continue to grow with the city and surrounding communities."
About Methodist Health System
Guided by the founding principles of life, learning, and compassion, Dallas-based Methodist Health System (Methodist) provides quality, integrated health care to improve and save the lives of individuals and families throughout North Texas. Ten hospitals and more than two dozen Methodist Family Health Centers and Medical Groups are among the facilities served by the nonprofit Methodist Health System, which is affiliated by covenant with the North Texas Conference of the United Methodist Church. Recognized by Modern Healthcare as one of the fastest-growing health systems in America, Methodist continues to add facilities and services to enhance patient care along the entire continuum. Additional information is available at MethodistHealthSystem.org.
About MedCore Partners
Based in DFW, MedCore Partners is a full-service real estate company catering exclusively to the healthcare industry. Through its deep understanding of the healthcare environment and its broad array of real estate services, MedCore stands uniquely prepared to customize a real estate solution suitable to fill the needs of any healthcare provider.
To learn more about MedCore Partners, please contact us at 214-443-8300.
SOURCE MedCore Partners
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