Methodist Health System is in the midst of a series of aggressive expansion projects – including construction of a $60 million, 32-bed orthopedic hospital in Addison, Texas – that may appear stunning to an industry that has had to scale back capital projects in the face of recession.
The Dallas-based health system is also building a $38 million, 60,000-square-foot hospital in McKinney, Texas, while the second phase of a new $37 million Mansfield, Texas, hospital will be completed in the fall.
The new Methodist Hospital for Special Surgery in Addison will be the first orthopedic hospital in the Dallas area. The facility will have seven fully equipped operating rooms, 32 private patient rooms, 10 out-patient treatment rooms, a diagnostic imaging suite and areas for physical therapy and rehabilitation.
In addition to its construction projects, Methodist announced the signing of a 20-year operating lease with the Richardson Regional Medical Center, a 205-bed acute care facility. Methodist will operate the Richardson hospital and lease its facilities and equipment.
The Richardson Hospital Authority will retain ownership of the hospital while it is operated in the Methodist system under its new name, Methodist Richardson Medical Center.
“We are proud to welcome Methodist Richardson Medical Center to the Methodist Health System family,” said Stephen L. Mansfield, president and CEO of Methodist Health System. “I believe that our two organizations can accomplish substantial synergy by working together and this relationship clearly strengthens the Methodist mission and vision for the future.”
The new Methodist Richardson, which began as a community-owned hospital in 1966, has two medical campuses. The Methodist partnership is expected to accelerate the expansion at one of the campuses, which is currently home to a medical office building and an outpatient hospital and cancer center.
“Our partnership with Methodist will strengthen our organization by expanding clinical programs and services, supporting medical staff development, and providing operational efficiencies,” said Ron Boring, president of Methodist Richardson.