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Dec 15, 2021 | SF STAT!
December 15, 2021 – Rendina Healthcare Real Estate and Astrea Development recently began construction on a 42-bed licensed inpatient rehabilitation in Jupiter. Located in a desired section of Jupiter known as Abacoa, the 48,941-square-foot facility will be across the street to the south of Rendina’s headquarters on approximately 5 acres of land. The hospital will be fully leased and operated by PAM Health (“PAM”), an industry leading operator of physical rehabilitation and specialty hospitals across the country.
The hospital will serve patients in the Palm Beach and Martin County regions by offering inpatient and outpatient programs, a procedure room, pharmacy, physical therapy, occupational therapy and speech therapy. Once open and operating, PAM will employ over 100 full-time and 60 part-time employees at this location.
A thorough study of the market, including a bed need analysis, was used to identify the ideal location for the new hospital.
“PAM Health will use the new location to address a gap in market,” said Richard M. Rendina, Chairman and CEO of Rendina. “Not only is this Rendina’s first inpatient rehabilitation project, but an opportunity to address a growing need in our own backyard by providing our community rehabilitation services from the best operator in this space.”
Astrea CEO Erik de Vries and President Richard Fiske have a successful track record developing similar facilities and brought the opportunity to Rendina in 2020. Richard Fiske is a longtime member of Rendina’s Advisory Board.
“We are thrilled to partner with Rendina and PAM Health to deliver this state-of-the-art physical rehabilitation hospital that will provide high quality care to the community and serve an unmet need,” said Richard Fiske, President of Astrea.
The hospital is expected to open in Q4 of 2022.
About Rendina Healthcare Real Estate
Rendina is a trusted national leader in Healthcare Real Estate, providing comprehensive solutions to our clients and giving back to the communities we serve. We assist hospitals and health systems in fulfilling growth and physician recruitment strategies by offering creative solutions for a variety of healthcare real estate initiatives. We have been a trusted partner to healthcare providers for 35 years and have developed more than 8 million square feet of healthcare real estate throughout the country. For media inquiries or questions, please contact Brian Butler, at 866-630-5055; or visit Rendina.com.
About PAM HEALTH (PAM)
Based in Enola, Pennsylvania, PAM Health provides healthcare services in 17 states through more than 60 long-term acute care hospitals and inpatient medical rehabilitation hospitals, as well as 18 locations that also provide outpatient therapy. PAM is committed to providing high-quality patient care and outstanding customer service, coupled with loyalty and dedication of highly trained staff, to be the most trusted source for healthcare services in every community it serves. Learn more at PAMHealth.com.
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