News

Project:

• 42-Bed Inpatient Rehabilitation Facility in Wausau, Wisconsin

Medical Operator:

• Post-Acute Medical

FOR QUESTIONS CONTACT:
Mr. Patrick Hicks
7600 San Felipe, Suite 101
Houston, Texas 77063
This email address is being protected from spambots. You need JavaScript enabled to view it.
(713) 907-4866

Houston, TX (July 7, 2022) -- Hicks Ventures, a Houston-based, privately held development company, has broken ground on its 42-bed, 53,000 square-foot, two-story Inpatient Rehabilitation Facility in Wausau, Wisconsin. In addition to first class rehabilitation services, the facility will also include an inpatient dialysis suite.

The $28 million development will be the first project in the $100 million programmatic joint venture between Hicks Ventures and an institutional real estate investment manager formed in January to develop national Inpatient Rehabilitation Facilities (IRFs) and Behavioral Health Hospitals (BHHs).

“Our Wisconsin rehabilitation facility will feature state-of-the-art technical capabilities and is being thoughtfully designed to balance a modern medical facility atmosphere and a healing environment,” said Patrick Hicks, Founder and CEO, Hicks Ventures. The project team for the facility includes Environments for Health Architecture, Wisconsin- based general contractor, Hunzinger Co. and the facility operator and tenant is PAM Health, the national healthcare operator known for their high-quality patient care and outstanding customer service for post-acute services. Construction financing is being provided by First Horizon Bank. PAM Rehabilitation Hospital of Wausau is anticipated for completion in September 2023. For more information visit Hicks Ventures at www.hicksventures.com.

About Hicks Ventures

Headquartered in Houston, Texas, Hicks Ventures was founded in 2007 by Patrick Hicks. The company’s real estate professionals have more than 135+ years of cumulative experience in construction, development, property management, marketing, leasing, building improvement, market analysis, project selection and advisory services. The Hicks team has completed over a billion dollars of healthcare projects and over a half-billion of office, land and retail. While Hicks Ventures offers a full suite of real estate services, from development through leasing and property management, the company also specializes in acquiring attractively priced Class A and B office, medical and hotel properties in markets with strong fundamentals. Hicks Ventures adds value by redeveloping, recapitalizing and providing superior property management, market and leasing services.

FOR QUESTIONS CONTACT:
Mr. Patrick Hicks
7600 San Felipe, Suite 101
Houston, Texas 77063
This email address is being protected from spambots. You need JavaScript enabled to view it.
(713) 907-4866

Houston, TX (January 13, 2022) — Hicks Ventures, a Houston-based, privately held development company, signed a $100 million joint venture agreement with metropolitan Washington, DC-based Artemis Real Estate Partners (Artemis) to develop national Inpatient Rehabilitation Facilities (IRFs) and Behavioral Health Hospitals (BHHs).

“This joint venture will give our Operator Partners surety of close and execution,” said Patrick Hicks, Founder and CEO, Hicks Ventures. “More importantly, it will allow us to perform multiple unit facility transactions with our Operator Partners that will generate great efficiencies and cost savings.”

Hicks Ventures and its principals, Patrick Hicks, David Steidley and Larry Vaile, have completed over $1 billion in healthcare development projects in the last 20 years including six acute care hospitals, seven inpatient rehabilitation hospitals, eight long-term acute care hospitals and nine medical office buildings.

“We are excited to partner with the Hicks Ventures team in the emerging IRF and BHH spaces” said Kevin Nishimura, Principal at Artemis. “We highly value the Hicks team’s past development expertise and track record in the space, combined with their deep, existing tenant relationships.”

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Hicks Ventures and Cobalt Medical Development began construction in December 2016 on the Cobalt Rehabilitation Hospital in El Paso, Texas located directly across the street from The Hospitals of Providence - Sierra Campus . The new Rehab Hospital will serve the unmet local bed need for patients who have experienced sports injuries, motorcycle or auto injuries, head injuries, stroke, spinal cord injury, hip and knee replacements, amputees, and other related injuries. The facility includes a 12 bed Traumatic Brain Injury, Concussion, and Parkinson’s Center of Excellence, and the facility is designed with upscale, hotel-like amenities which create a non-hospital like atmosphere that fosters faster healing. The Hospital raises the standard for inpatient services by providing all private patient rooms with spacious bathrooms, as well as separate living quarters for extended length of stay patients and their visitors.

FOR QUESTIONS CONTACT:
Mr. Patrick Hicks
7600 San Felipe, Suite 101
Houston, Texas 77063
This email address is being protected from spambots. You need JavaScript enabled to view it.
(713) 907-4866

Hicks Ventures and Cobalt Medical Development announce the ground breaking of the 57,000sf 42 bed Cobalt Rehabilitation Hospital in Fargo, North Dakota. The Hospital includes a 12 bed Traumatic Brain Injury, Concussion, and Parkinson’s Center of Excellence, and the facility is designed with upscale, hotel-like amenities. The Hospital raises the standard for inpatient services by providing all private patient rooms with spacious bathrooms, as well as separate living quarters for extended length of stay patients and their visitors.

FOR QUESTIONS CONTACT:
Mr. Patrick Hicks
7600 San Felipe, Suite 101
Houston, Texas 77063
This email address is being protected from spambots. You need JavaScript enabled to view it.
(713) 907-4866