New Era Partners announced the acquisition of a hospital with attached medical offices in Louisiana and the development of multiple health care assets in Texas and Indiana. These assets include 3 behavioral hospitals that were acquired or developed for Oceans Healthcare, based in Plano, Texas. They also include the commencement and development of inpatient rehabilitation hospitals for Nobis Rehabilitation Partners, based in Allen, Texas. These health care facilities were developed to meet the growing need for behavioral and mental health care services as well as post-acute rehabilitation services in a free-standing hospital setting.
Oceans Healthcare announced the expansion of its Louisiana behavioral health services with the completion of construction of its new hospital in Hammond. The 32-bed Oceans Behavioral Hospital Hammond will provide inpatient and outpatient mental health treatment options for geriatric consumers located along the North Shore of Lake Pontchartrain in the greater New Orleans market. Oceans Healthcare also announced the expansion of its Texas behavioral health services with the completion of construction of its new hospital in Waco. The 48-bed Oceans Behavioral Hospital Waco will provide inpatient and outpatient mental health treatment options for adult and geriatric consumers located in the Waco and Central Texas community.
Working in partnership with the Parish of East Baton Rouge, Mayors Office, Baton Rouge Area Chamber, and Oceans Healthcare, New Era Partners acquired the former surgical hospital and Medical Office Building located in North Baton Rouge that has been closed since 2016. The acquisition and capital investment by New Era Partners on behalf of Oceans Healthcare will convert the surgical hospital into a 40-bed behavioral hospital that will become a center of excellence for geriatric mental and behavioral health care in the greater Baton Rouge market.
WB Development Partners and New Era Companies purchased five acres at 1260 City Center Drive in Carmel, Indiana to construct a 46,395-square-foot inpatient rehabilitation hospital. WB Development Partners and New Era Companies are partnering to develop the custom, state-of-the-art 40 bed facility, which is projected to open in the 4th quarter of 2020 as the Indianapolis Rehabilitation Hospital. The facility will be managed by Nobis Rehabilitation Partners. The hospital will offer intensive inpatient rehabilitation services using an interdisciplinary team approach for consumers with complex medical, nursing, and rehabilitative needs.
New Era Partners is a commercial real estate development and capital investment company under the umbrella of New Era Companies. New Era works with health care systems, cities, large medical groups, and health care provider organizations to provide the right solution for on and off campus medical office buildings, post-acute hospitals, neighborhood health facilities, surgery centers, cancer centers, and imaging centers.
This was reported by New Era Partners on February 25, 2020.
Contact information: New Era Partners, 801 Hanover Drive, Suite 650, Grapevine, Texas 76051; 469-283-1901; Website: https://neweracompanies.com/