CREJ

July 2021 — Health Care & Senior Housing Quarterly — Page 9 www.crej.com HEALTH CARE — PROJECT SPOTLIGHT B usiness leaders know that to be successful they need to thoroughly understand their target markets and submarkets and tailor their services, amenities and facilities to those markets. Health care is no exception. Just ask the executives at UCHealth, an innovative, nonprofit health system with 12 acute care, full-service hos- pitals and hundreds of physicians across Colorado, southern Wyoming and western Nebraska. UCHealth executives knew there was a tremendous need for more orthopedic and sports medicine ser- vices in the growing, affluent and athletic submarket of Pikes Peak Park in north Colorado Springs. The neighborhood offers favorable demographics for health care con- sumption with a population slightly older than the national average and an over-65 population expected to increase at nearly double the national rate. Median household income also tops the national aver- age. UCHealth had a clear vision and strategy for significantly expanding its orthopedic and sports medicine services in this submarket. To cater to the market’s specific demograph- ics, UCHealth partnered with our full-service health care real estate firm to develop an orthopedic- focused medical campus. A site was selected that is highly visible and conveniently located on Interstate 25, which connects Colorado Springs and Denver. It also offers convenient proximity to the U.S. Olympic & Paralympic Train- ing Center, the University of Colo- rado at Colorado Springs, Pikes Peak, Garden of the Gods and other recre- ational amenities that make it all the more welcome in this sports- minded, physically active community. The first step toward addressing the unique needs of the market was taken in sum- mer 2016 when we completed the 22-bed, 58,000-square-foot Grand- view Hospital. The hospital, which features 18 deluxe private patient rooms and a four-bed intensive care unit, provides the highest qual- ity, most advanced orthopedic and sports-medicine care in the area. It includes three advanced operating suites and a comprehensive outpa- tient surgery center, and is the only hospital in Southern Colorado cer- tified by the Joint Commission for total hip and knee replacement. Grandview Hospital’s services, location and amenities have proved to be popular with Colorado Springs residents. Since its inception, the hospital’s medical and surgical admission volume has doubled. In addition, UCHealth has been able to successfully align and integrate both employed and community- based orthopedic surgeons at this location. More recently, based on the suc- cess of the orthopedic hospital, UCHealth once again partnered with Remedy to add an orthope- dic- and sports medicine-focused medical office building to the cam- pus. Ground was broken in August 2019 and the three-story, 65,000-sf Grandview Medical Center was completed in October 2020. The new MOB accommodates the high demand for orthopedic services in the market and complements ser- vices provided in the hospital. In addition, treatment is bolstered by a strong research partnership with the UC School of Medicine’s Depart- ment of Orthopedics. We own the MOB and provide property manage- ment services. The new MOB houses a seven- physician orthopedics clinic, sports medicine-focused primary care, a multidisciplinary clinic featuring a variety of specialties, a physical therapy clinic and 7,500-sf rehabili- tation gym. A special feature of the physical therapy department is that it faces Pikes Peak, which provides dramatic imagery of the medical building’s mission. The new Grandview Medical Cen- ter is giving UCHealth’s orthopedic surgeons a new site of practice with improved access to the operating room, and it’s also improving com- munity access to care. The MOB Understand demographics to determine care needs David Martin Executive vice president, Remedy Medical Properties Remedy recently completed Grandview Medical Center on the Grandview Hospital cam- pus to meet UCHealth’s mission of expanding capacity and improving community access. Please see Martin, Page 12