Windrose Medical Properties Trust's Development Subsidiary, HADC, Announces Program Management Contract for Hospital Expansion
2006年4月18日 - 10:00PM
PRニュース・ワイアー (英語)
INDIANAPOLIS, April 18 /PRNewswire-FirstCall/ -- Windrose Medical
Properties Trust (NYSE:WRS), a self-managed specialty medical
properties REIT, announced today that its development subsidiary,
Hospital Affiliates Development Corporation (HADC), has been
engaged to manage the project implementation of a $75 million
expansion and renovation of an acute care hospital. Under the
Program Management Agreement, HADC, as the owner's representative,
will manage the work of third party professionals in the site due
diligence, design, equipping and construction of a 200,000 square
foot expansion and a 21,000 square foot renovation of Sumner
Regional Medical Center (SRMC) on a fee-for-service basis for
ownership by Sumner Regional Medical Center. Located in Gallatin,
TN (north of Nashville), SRMC is a private, not-for-profit
healthcare facility and is recognized as the flagship hospital of
Sumner Regional Health Systems, Inc. The design phase is expected
to last six to eight months followed by a 28 to 30 month
construction phase. HADC has been assisting Sumner Regional Health
Systems, Inc. with the development of a master plan for SRMC during
the approximate three year planning period prior to this
engagement. Following a study of the market and services, the
projected clinical volumes were converted to key planning units by
HADC, defining the scope of the project through a room by room
space allocation program. Two design concepts were evaluated, both
a new replacement hospital and an expansion/renovation of the
existing medical center. After extensive cost analysis, site due
diligence, zoning, phasing of the work and space planning by HADC,
SRMC decided on the current expansion and renovation project that
HADC has been retained to implement. The expansion will feature new
construction of a 200,000 square foot acute care tower that will
connect to the existing hospital on two levels and will provide a
new main entrance. The seven-level tower will initially house a
full service emergency room, radiology, surgery, central sterile
supply, admission and other adjacent spaces, a freestanding power
plant, 20 critical care beds and three floors each with 24 private
patient beds. The 21,000 square foot renovation will focus on
modernizing the Center for Women's Health to include new
labor/delivery/recovery (LDR) rooms, new private obstetrics patient
rooms and a new nursery on the second floor of the existing
hospital. Fred S. Klipsch, Chairman and Chief Executive Officer,
commented, "We are pleased to work directly with SRMC on this major
expansion and renovation project. HADC has been working with the
hospital since late 2002 to develop the master plan that preceded
this fee-for-service development engagement. This flagship project
represents a great enhancement for the Sumner County healthcare
community and reflects positively on HADC's long standing client
relationship and hospital construction expertise." About Windrose
Windrose is a self-managed real estate investment trust (REIT)
based in Indianapolis, Indiana with offices in Nashville,
Tennessee. Windrose was formed to acquire, selectively develop and
manage specialty medical properties, such as medical office
buildings, ambulatory surgery centers, outpatient treatment and
diagnostic facilities, and specialty hospitals and treatment
centers. Safe Harbor Some of the statements in this news release,
including those related to the SRMC renovation and expansion,
constitute forward-looking statements. Such statements include, in
particular, statements about our beliefs, expectations, plans and
strategies that are not based on historical facts. You should not
rely on our forward-looking statements because the matters they
describe are subject to known and unknown risks, uncertainties,
assumptions and changes in circumstances, many of which are beyond
our control, which may cause our actual results to differ
significantly from those expressed in any forward- looking
statement. The factors that could cause actual results to differ
materially from current expectations include difficulties incurred
in connection with managing the SRMC expansion and renovation,
adverse changes in healthcare laws, changes in economic and general
business conditions, competition for specialty medical properties,
our ability to finance our operations, regulatory conditions and
other factors described from time to time in filings we make with
the Securities and Exchange Commission. The forward-looking
statements contained herein represent our judgment as of the date
hereof, and we caution readers not to place undue reliance on such
statements. We do not undertake to publicly update or revise any
forward- looking statement whether as a result of new information,
future events or otherwise. Contact: Investors/Media: Windrose
Medical Properties Trust The Ruth Group Fred Farrar Stephanie
Carrington/Jason Rando President and COO 646 536-7017/7025 317
860-8213 DATASOURCE: Windrose Medical Properties Trust CONTACT:
Fred Farrar, President and COO of Windrose Medical Properties
Trust, +1-317-860-8213; Investors/Media: Stephanie Carrington, , or
Jason Rando, , +1-646-536-7017/7025, both of The Ruth Group
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