IRA Capital Acquires Houston Physicians’ Hospital in Major Healthcare Real Estate Investment
IRA Capital has announced the acquisition of Houston Physicians’ Hospital, a 148,950-square-foot multi-specialty surgical hospital and outpatient campus located in the Houston metropolitan area. Situated in Webster, Texas, the property includes a state-of-the-art surgical hospital and two aquatic care centers. The entire campus is 100% leased to a joint venture consisting of the hospital’s physicians, Memorial Hermann Health System, and United Surgical Partners International.
Established in 2005, Houston Physicians’ Hospital recently underwent a 39,000-square-foot expansion. The modern 130,822-square-foot facility incorporates a wide range of services including an Orthopedic Center of Excellence, a Spine Solutions Center, a comprehensive Imaging Center, and a 24/7 Emergency Department. The hospital is staffed by over 240 physicians covering 25 different specialties. Facility features include 15 private inpatient beds, 16 observation beds, 11 operating rooms, two procedure rooms, 18 pre-operative beds, 24 beds in the post-anesthesia care unit, and a fully equipped catheterization laboratory.
In addition to its current operations, IRA Capital plans to develop a 10-acre adjacent parcel, with potential for a mixed-use medical office building in collaboration with Houston Physicians’ Hospital. This future development aims to enhance healthcare service offerings and further strengthen the facility’s presence in the region.
