By: Ariana Garcia / American-Statesman Staff
A new $17 million rehabilitation hospital with a special unit designed to treat patients who have suffered traumatic brain injuries and strokes is slated for completion in mid-2019.
The Round Rock City Council on Sept. 28 approved an economic development agreement with Medistar Corporation and Post Acute Medical for the 48,000-square-foot facility set for construction at the intersection of Medical Center Way and North A.W. Grimes Boulevard.
The 40-bed facility will be located in the Avery Ranch community neighboring the Texas A&M Health Science Center and Texas State University and Austin Community College campuses in Round Rock.
Round Rock Mayor Craig Morgan said the new hospital is a positive addition to the community, providing jobs and contributing to the city’s tax base.
“One of our target sectors has been health care and biotechnology,” he said. “It’s going to bring good jobs and good salaries to Round Rock and help diversify our economy.”
The hospital will provide comprehensive inpatient and outpatient therapy services, and will include a special unit designed to treat patients needs of individuals who have suffered traumatic brain injuries, strokes or neurodegenerative disorders like Parkinson’s disease.
The economic development agreement given approval by the Council includes the city giving Medistar $30,000 after the facility opens. It also has the city waiving city permit and inspection fees up to $100,000 and “fast-tracking” the permitting process. The agreement terminates at the end of 2019.
The company is also set to receive abatements on city property taxes over five years. For the first two years, the company will not have to pay any city property taxes. In the third and fourth year, it will only have to pay half of city property taxes, and 76 percent of property taxes in the fifth year.
In turn, the company must provide 75 full-time jobs with an average annual salary of at least $55,000 and industry benefits, according to the agreement.
Ben White, Round Rock Chamber vice president of economic development, said in a media release the hospital will be a great addition to the city.
“It will be optimally located near Texas A&M Health Science Center and Texas State University and is a nice complement to our growing healthcare sector,” he said.
In a Medistar media release, CEO Monzer Hourani said working with Post Acute Medical, the city and the Avery family is a unique opportunity benefiting both families and providers in the community. Anthony Misitano, president and CEO of Post Acute Medical, also applauded the collaborative effort.
“Throughout all the communities we serve, we put the patient first and provide comprehensive, individualized treatment that fosters meaningful improvement and recovery for people with injuries, illnesses and disabilities,” Misitano said.
Medistar has recently completed rehabilitation hospitals and nursing facilities in major markets within Texas, Oklahoa, Kansas, Utah, Arizona, California and South Carolina, according to a company media release.
The facility will be the sixth hospital in Round Rock.