CREJ

April 2019 — Health Care Properties Quarterly — Page 3 www.crej.com Health Care News Centura Health is growing in Col- orado Springs. The health care system recently paid $30 million for a 57.81-acre parcel at the intersection of Inter- state 25 and Interquest Parkway, where, in 2020, it is anticipated to start work on a third hospital cam- pus for Centura Health’s Penrose- St. Francis Health Services. Initial plans for the land include approximately 50 acute care hos- pital beds with the design contem- plating future expansion up to 300 beds. A large ambulatory surgery center, inpatient and outpatient surgery, inpatient rehab facility and at least one medical office building are included in the initial phases of the project. “Our extensive community studies and projections indicate that this area represents both an existing need and significant future growth. With this campus, Penrose-St. Francis Health Services will build on its 130-year legacy of providing excellent and innovative care locally. Southern Colorado res- idents need not travel far to receive world-class health care. With three campuses in Colorado Springs, we will serve everyone in need with compassion and respect,” a Cen- tura spokeswoman said in a state- ment. Additionally, as the center of Colorado Springs is moving to the north and east, the new campus is designed to work in conjunc- tion with its expanding primary care and urgent care services to bring the full spectrum of care to residents of Southern Colorado and western Kansas, according to Centura. The Interquest campus will be designed to serve all ages and orthopedic/spine ailments. Etkin Johnson Real Estate Part- ners sold the parcel, part of a 77-acre parcel it acquired in 2016. Just east of the U.S. Air Force Acad- emy, the site offers easy access to several new multifamily, office, hotel and retail developments in the area, including FalconView, a 288-unit luxury apartment commu- nity immediately adjacent to Cen- tura site, which is being developed by Etkin Johnson. Craig Anderson and Mike Suggs of NAI Highland LLC represented Centura in the acquisition. Michael Palmer of Quantum of Quantum Commercial Group Inc. represented Etkin Johnson in the sale. “Northern Colorado Springs is quickly becoming a leading eco- nomic engine, paving a clear path of growth for the city,” said Ryan Good, partner at Etkin Johnson. “This highly visible site will allow Centura Health to better serve Coloradoans, while also provid- ing their doctors, nurses and staff with multiple options for housing nearby. We plan to reinvest the capital into future developments and acquisitions that are currently in the works.” “They bought an excellent parcel along the interstate and will have a great presence there in the future,” added Anderson. Centura expects to see its first patient at the hospital campus in late 2022. Penrose Hospital (in central Colo- rado Springs) and St. Francis Medi- cal Center (in northeast Colorado Springs) make up Penrose-St. Fran- cis Health Services, which is owned by Centura Health. UCHealth to build new tower on Anschutz campus to meet demand UCHealth University of Colorado Hospital on the Anschutz Medical Campus will build a new tower to meet the growing demand for com- plex medical care. To be constructed on the west side of the hospital campus at 12605 E. 16th Ave. in Aurora, the 11-story tower initially will provide 103 additional inpatient beds and nine operating rooms with space for future growth. “University of Colorado Hospital cares for patients experiencing the most acute health care needs,” UCHealth President and CEO Eliza- beth Concordia said in a statement regarding the tower announce- ment. “UCHealth provides patients access to innovative clinical trials and advanced treatments often unavailable anywhere else, with some of the nation’s best outcomes and patient experience. We are uniquely able to treat even the most complex cases – because of this, we accept over 4,000 transfers from other facilities every year.” Capacity challenges necessitated the expansion with over the past year UCH experiencing an aver- age occupancy rate of 93 percent. Patients are seeking advanced care at UCH for services such as its transplant program, which saw a record 443 organ transplants in 2018. The significant growth in these services as well as oncology, bone marrow transplant, neurology and neurosurgery are driving UCH’s capacity challenges, and the expan- sion project will provide specialized operating rooms for these and other nationally recognized specialties. Centura lands Interquest site for hospital campus An aerial view of where Centura Health will break ground next year on its latest northern Colorado Springs hospital campus. An artist’s rendition of a new tower to be built by UCHealth on the Anschutz Medical Campus.