Medistar Corporation Announces Completion of Construction of Class A MOB at The Hospitals of Providence Transmountain Campus

El Paso, Texas, August 1, 2016 (Newswire.com) - ​​​​​​​​​​​​Medistar Corporation (“Medistar”) announced today that it has completed construction on Medical Plaza 1, a Class A, four-story, 110,000 square foot medical office building located in El Paso, Texas on The Hospitals of Providence Transmountain Campus. Located at Resler and Transmountain Drives, the new campus is anchored by a 108-bed hospital, which can be expanded to 140 beds and will serve as the new teaching hospital for Texas Tech University Health Sciences Center El Paso (TTUHSC El Paso) to be operated pursuant to an academic affiliation agreement with The Hospitals of Providence, a member of Tenet Healthcare.

In conjunction with Medistar, TTUHSC El Paso and The Hospitals of Providence are collaborating on the new multi-million dollar teaching hospital to open in early 2017 and immediately adjacent to Medical Plaza 1, now completed. Monzer Hourani, Founder and CEO of Medistar, said, “The Hospitals of Providence Transmountain Campus meets a critical need by bringing modern healthcare to the growing community in western El Paso and southern New Mexico. We are proud to partner with Tenet Healthcare Corporation and Texas Tech University Health Sciences Center El Paso to bring this important project to life.”

"We are proud to partner with Tenet Healthcare Corporation and Texas Tech University Health Sciences Center El Paso to bring this important project to life."

Monzer Hourani, P.E., Founder and CEO, Medistar Corporation

“Medical Plaza 1 offers leading edge medical care within a warm, healing environment that distinguishes it as the preeminent clinical office building in this growing and vibrant submarket. Also consider the broader campus setting under development and ease of access to hospital diagnostic services located next door, all of which make this project special,” said Craig Laher, Vice President at Medistar and lead development officer for the project.

Laher brings over 25 years of healthcare, commercial and institutional development experience. He also manages Medistar’s portfolio of operating properties, which include healthcare and commercial operating properties in Texas, Colorado, North Carolina and Delaware.

“The Hospitals of Providence is committed to making the City of El Paso the premier location for healthcare services in the region, and we look forward to partnering with the Texas Tech University Health Sciences Center El Paso and Medistar to achieve our mission,” said Nicholas Tejeda, CEO of The Hospitals of Providence Transmountain Campus.

Medical Plaza 1 will welcome patients in a matter of weeks. The architect is HKS and general contractor is Robins & Morton.

LEASING INFORMATION

For information regarding leasing at Medical Plaza 1, contact Craig Laher at 713.266.8990 or via email to [email protected].

ABOUT

TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER EL PASO (TTUHSC El Paso) was founded in 2013 as the fourth university of the public Texas Tech University System. TTUHSC El Paso’s mission is to provide quality education, academic research opportunities, patient care and community service programs to meet the unique health care needs of the U.S.-Mexico border population. The university is comprised of three freestanding schools: the Graduate School of Biomedical Sciences (GSBS), the Gayle Greve Hunt School of Nursing (GGHSON) and the Paul L. Foster School of Medicine (PLFSOM), the first four-year medical school in the region.

THE HOSPTIALS OF PROVIDENCE is a four hospital health system covering the El Paso Region to include West Texas and Southern New Mexico. The system includes Memorial Campus, Providence Children’s Hospital, Sierra Campus, East Campus and Transmountain Campus, which is anticipated to open January 2017. The network has a large outpatient footprint to include five Imaging Centers, two off-campus Emergency Rooms for patient convenience to emergent care, and MedPost and MedPost Kids Urgent Care Centers. The Hospitals of Providence is dedicated to continuing the over-60-year commitment legacy to the El Paso Community. For more information please visit TheHospitalsOfProvidence.com.

TENET HEALTHCARE CORPORATION is a diversified healthcare services company with 130,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International, the company operates 79 general acute care hospitals, 20 short-stay surgical hospitals and over 470 outpatient centers in the United States, as well as nine facilities in the United Kingdom. Tenet’s Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks, physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.

MEDISTAR CORPORATION is a full-service medical real estate development company headquartered in Houston, Texas. As it has for 43 years, Medistar primarily specializes in the design, development, financing, acquisition and construction of acute care hospitals, post-acute care hospitals, skilled nursing facilities, senior care facilities, medical office buildings and related facilities for the healthcare industry nationwide. Please visit www.MedistarCorp.com for more information.

# # #

Source: Medistar Corporation