West Texas Emergency Center
Investment Grade Healthcare Property
Marketing description
Investment Grade Healthcare Property
This West Texas opportunity is a Freestanding Emergency Center (FSEC) tenanted by the largest healthcare institution in West Texas and eastern New Mexico. This property is located in the high-income demographic area of Lubbock, TX, which serves as the largest medical hub in West Texas. This premier emergency center sits right in the path of strong growth and development that is rapidly expanding into this Lubbock region.
Investment highlights
The Tenant is Covenant Health System (Corporate Entity.)
Covenant Health System is the largest healthcare institution in West Texas and Eastern New Mexico.
Covenant Health is a part of the larger Providence Health System network, which hold an investment grade credit rating.
In the annual Best Hospital Rankings, U.S. News and World Report ranked Covenant Health as the “Best Hospital” in Northwest Texas.
Covenant Health System has over 5,000 employees and 600 top-level providers in their network.
Covenant Health System has over 62,000 annual adult emergency room visits and 25,500 annual pediatric emergency room visits.
While labeled as a Freestanding Emergency Center (FSEC,) with Covenant Health System as the Tenant, this facility is classified, treated, and billed as a Hospital Outpatient Department (HOPD,) as if it was an was an on-campus facility. This enables the highest level of reimbursements for this type of asset class.
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