IRA Capital acquired Houston Physicians’ Hospital, a 148,950 square foot multi-specialty surgical hospital and outpatient campus in the Houston metropolitan area. The property includes an advanced surgical hospital in Webster, TX, along with two aquatic care centers, all of which are 100% leased to a joint venture between the physicians, Memorial Hermann Health System, and United Surgical Partners International.Â
Founded in 2005, Houston Physicians’ Hospital recently completed a 39,000 square-foot expansion. The 130,822 square foot facility features an Orthopedic Center of Excellence, Spine Solutions Center, comprehensive Imaging Center, and a 24/7 Emergency Department. The hospital employs over 240 physicians across 25 specialties. It includes 15 private inpatient beds, 16 observation beds, 11 operating rooms, two procedure rooms, 18 pre-op beds, 24 post-anesthesia care unit beds, and a catheterization laboratory.
IRA Capital intends to develop an adjacent 10-acre parcel in the future, creating an opportunity to expand the campus with a new mixed-use MOB project in partnership with HPH.Â
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