Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, recently announced a $27 million acquisition in Kyle, Texas. Warm Springs Rehabilitation Hospital is a two-story rehabilitation hospital that totals 54,500 rentable square feet and is the only freestanding, licensed rehabilitation hospital in Kyle, a suburb of Austin.
The property is 100 percent leased by a joint venture between Post Acute Medical, Seton Healthcare and Medcore Partners. Seton Medical Center is part of Ascension Health, the largest non-profit health system in the U.S. and the world’s largest Catholic health system.
The post-acute care hospital hosts 40 private rooms, a pharmacy, a lab and imaging services on-site, plus an indoor heated salt water pool with the latest in rehabilitation technology. In addition to medical rehabilitation management, the hospital provides physical therapy, speech language pathology, occupational therapy, neuropsychology, respiratory therapy, rehabilitation nursing, and case management.
“The acquisition of Warm Springs Rehabilitation Hospital is an exciting addition to our growing portfolio at The Sanders Trust,” stated Rance M. Sanders, President and CEO of The Sanders Trust. “We are pleased to be part of the team providing medical rehabilitation and many other easily-accessible healthcare services in Kyle.”
Warm Springs Rehabilitation Hospital is located at 5980 Kyle Parkway. The property is across the street from the Seton Medical Center Hays campus, the only acute care hospital provider in Kyle and is strategically positioned as the hospital’s primary rehabilitation program.