Steward Health Care has broken ground on the new $227m facility of Wadley Regional Medical Center in Northwest Texarkana, Texas, US.
Wadley Regional Medical Center has catered to people in Texarkana for more than 120 years.
The build of the new facility along with the current impact of the hospital’s employee base is estimated to have an economic impact of $408m in total in the two-county Texarkana MSA.
In addition to a medical office building, the new hospital will provide various services such as an emergency room, orthopaedics, cardiovascular, neurosurgery, maternity care and additional outpatient services.
Of the total 254,000ft2 hospital, the medical office building will be located in 143,000ft2.
With an initial capacity of 123 beds, the facility will have an opportunity for expansion to 291.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
It is scheduled to open in 2024 after nearly 32 months of construction. Wadley’s existing location at 1000 Pine will continue to operate until the new facility opens.
Steward North America president Sanjay Shetty said: “This major investment will help us unlock access to the high-quality, low-cost care that everyone in this community deserves.
“Wadley Regional plays a critical role in the Texarkana region as a major employer and a leading provider of quality medical care and we’re proud to support our local communities.
“As the Ark-La-Tex region continues to flourish as an economic hub, we’re excited to see this new facility become a destination for patients, clinical experts, and partners.”
Steward Health Care runs seven hospitals in Texas, as well as Wadley Regional Medical Center at Hope, Arkansas and Glenwood Regional Medical Center in West Monroe, Louisiana.
Recently, the healthcare network started a $92m renovation project at St. Joseph’s Medical Center in Houston and a $14m project to improve Odessa Regional Medical Center.
In June this year, Steward Health Care entered an agreement to acquire five hospitals and associated operations from Tenet Healthcare for about $1.1bn.