Catalyst and National Expand Post-Acute Care Services in Delaware
January 13, 2023
PENSACOLA, FL – Catalyst Healthcare Real Estate (Catalyst), a full-service healthcare real estate investment firm, and National Real Estate Advisors, LLC (National), an investment manager developing and managing large-scale real estate projects on behalf of its clients, begin construction on a 75,000 square foot rehabilitation hospital for PAM Health.
“With the completion of PAM Health Rehabilitation Hospital of Sussex, greater numbers of patients will have access to vital rehabilitation services,” said Anthony Misitano, Founder and President of PAM Health. “Top-quality inpatient and outpatient rehabilitation care can make a dramatic difference in a patient’s quality of life and maximize their recovery potential. The combined expertise of PAM Health and Bayhealth is a winning combination for the community.”
This two-story rehab hospital will be located on the campus of Bayhealth Hospital – Sussex Campus (“Bayhealth Sussex”) and operated by a joint venture between PAM Health and Bayhealth. This partnership provides PAM Health with a strategic partner to operate rehabilitation hospitals across Delaware, specifically in Dover, Georgetown, and Sussex.
“This expansion of services is exactly what our community needs,” said Kevin Snyder, Vice President of marketing and communications at Bayhealth. “Bayhealth in partnership with PAM Health is focused on ensuring the highest quality of inpatient rehabilitation services are available to our growing community throughout Sussex County. Building this PAM Health inpatient rehabilitation hospital on Bayhealth, Sussex Campus ensures seamless transition of care for patients in need of the high quality of care provided by PAM Health.”
In addition to this rehabilitation hospital being positioned to receive post-acute referrals from the surrounding hospitals within a 25-mile radius, Bayhealth Sussex is transferring 40 of its rehabilitation beds from inside the hospital to this project. Transferring these beds will create the space needed to meet the growing demand of the community as well as provide an overall better patient experience.
“As we continue our programmatic relationship with PAM Health, we aim to produce high-quality projects nationwide,” said Phil Schuck, Senior Vice President of Catalyst. “This project will transform healthcare in Sussex County and create better access to post-acute care.”
“Since establishing our joint venture partnership with Catalyst at the beginning of 2022, we have been able to significantly grow and diversify our nationwide medical office portfolio,” said Jeffrey Kanne, President and CEO of National. “We are thrilled to continue this expansion with both Catalyst and PAM Health.”
This will be the second project constructed in Delaware under the programmatic partnership between Catalyst and PAM Health. Expanding its geographic footprint into Sussex County is an opportunity to continue providing reliable post-acute care in Delaware.
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ABOUT CATALYST HEALTHCARE REAL ESTATE
Catalyst is a national, full-service healthcare real estate investment firm. Our platform of integrated real estate deliverables is specifically designed for the ever-evolving landscape of healthcare. Our team seeks to positively impact healthcare with strategic investment in development, acquisition, and strategy services. For more information, please visit catalysthre.com.
Contact:
Bella Costa, Marketing Coordinator
bcosta@catalysthre.com; 850-607-6069 Ext. 134
ABOUT PAM HEALTH
PAM Health (PAM) based in Enola, Pennsylvania, provides post-acute health care services through more than 70 long-term acute care hospitals and medical rehabilitation hospitals, as well as wound clinics and outpatient physical therapy locations, in 17 states. PAM is committed to providing high-quality patient care and outstanding customer service, coupled with loyalty and dedication of highly trained staff, to be the most trusted source for post-acute services in every community it serves. Its mission is to serve people by providing compassionate, expert care and to support recovery through education and research.
Learn more at pamhealth.com.
ABOUT NATIONAL REAL ESTATE ADVISORS, LLC
National Real Estate Advisors, LLC (National) is an investment manager developing, operating, and managing commercial real estate projects across the United States. National is focused on environmental sustainability, social responsibility, and strong governance practices which seek to create value for investors and benefit local communities. Founded in 2000, the firm constructs investment portfolios of diverse property assets—apartment, office, mixed-use, medical/healthcare, industrial (including data centers), and hospitality.
National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.