fbpx
Dallas, TX
Thursday, December 1, 2022
38°
English Español

Social

Fine Print

English Español

Real Estate of Six DFW Baylor Scott & White Operated Hospitals Sold

Real Estate

Rethink Health Care Real Estate, the White Plains and New York City based real estate investment management firm has announced their recent acquisition of six Baylor Scott & White Health emergency hospitals. | Image by HREI

Donate to Dallas Express to Keep it Free

The real estate on which six local hospitals in the Dallas-Fort Worth area operate has changed hands as Rethink Health Care Real Estate acquired the land.

In total, the emergency care hospitals include 190,000 square feet of space and are located in Burleson, Colleyville, Keller, Murphy, Rockwall, and Grand Prairie.

All six facilities are operated Emerus. and co-owned by Baylor Scott & White, which has a significant medical presence in the state with over 51 hospitals and hundreds of patient access points across Texas.

The hospitals in question generally are capable of providing “24/7 emergency services and eight to 12 beds for overnight stays.”

Although the ownership of the real estate is now held by the New York-based Rethink Health Care Real Estate, they will continue to be run as a cooperative venture between Baylor Scott & White and Emerus.

The deal for the six hospitals closed on August 30, and Rethink Health Care Real Estate is currently under contract to acquire a seventh in the near future, but no details are yet available for that purchase.

Jonathan Winer, Rethink Health Care Real Estate’s Senior Managing Director & Chief Investment Officer, celebrated the purchase saying, “This is another exciting acquisition for [Rethink Health Care Real Estate], continuing our strategy of investing in strategic ambulatory facilities aligned with significant healthcare providers.”

“These emergency hospitals provide critical access points for healthcare needs, including overnight stays,” he continued. “Many of the facilities are complemented by additional clinical space where Baylor aligned physicians provide non-emergency services such as primary care.”

Recently, Baylor Scott & White’s Surgicare facility in North Dallas has been embroiled in problems. An anesthesiologist was recently arrested for allegedly doping IV bags causing patients to suffer medical emergencies, as reported by The Dallas Express.

That particular facility, however, has currently suspended operations while internal and federal investigations into the incidents continue to proceed.

Updated at 2:17 p.m. on October 5 to include clarification and reflect the recent name change from Seavest to Rethink Health Care Real Estate.

For more Dallas hospital-related news, see how Dallas County Anesthesiologist Dr. Raynaldo Ortiz Jr, was arrested for tainting IV bags.

We welcome and appreciate comments on The Dallas Express as part of a healthy dialogue. We do ask that you be kind. Kind to each other and to everyone else in your comments. For more information, please refer to our Complete Comment Moderation Policy.

Subscribe to Comments
Notify of
guest

2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Cynthia McBride
Cynthia McBride
2 months ago

Good information to know. When me and my ex boyfriend had the accident I went to Baylor hospital my mom and myself didn’t get one bill from the hospital. My mom loved what they did for me and my family

Sandi
Sandi
2 months ago

I love BSW they have been my hospital as well as where my most of my physicians fall for most of the past 10 yrs. The ER in Grapevine and the place I get all my imaging in Dallas when I go directly from my Doctor’s are amazing. Good doctors are hard to find don’t change them if you don’t have to. Change insurance first.