Birmingham healthcare real estate investment company The Sanders Trust is announcing a new project in Iowa.
The firm will build the $23 million Mercy Iowa City Rehabilitation Hospital in Coralville, just outside of Iowa City, Iowa. The 54,000-square-foot, 40-bed facility is expected to open in the second quarter of next year and provide care for patients recovering from stroke, traumatic brain injury, spinal cord injury, amputation and other conditions.
The project is a joint venture between Catholic Health Initiatives-Iowa Corp., an Iowa non-profit corporation doing business as Mercy Hospital-Iowa City, and Kindred Healthcare Operating, Inc. Earl Swensson Associates architectural firm, based in Nashville, has designed the building, while Nashville-based JE Dunn will serve as general contractor.
Among the services at the hospital will be physical and occupational therapy, speech pathology and other services.
“Our team is extremely proud to be working with Mercy and Kindred, again, on the state’s second freestanding rehabilitation facility,” Rance M. Sanders, president and CEO of The Sanders Trust, said. Last year, The Sanders Trust, also partnering with Mercy and Kindred, opened Iowa’s first freestanding rehabilitation hospital, Mercy Rehabilitation Hospital, in Des Moines.