HealthCap Announces New California Development Project

HealthCap Breaks Ground on Development of New Long-Term Care Facility in San Dimas, California

DALLAS (September 8, 2015) – HealthCap, a national healthcare private equity and real estate investment firm, announced that it broke ground today on the development of a new 12,000 square foot long-term care facility located at 1136 Puente Street in San Dimas, California.  Upon completion, the facility will offer specialized care for patients with traumatic brain and spinal cord injuries, including physical, speech and occupational therapy.  The facility will feature a congregate living healthcare facility with 15 private patient rooms, as well as an outpatient therapy center. The facility will be leased and operated by CareMeridian, a leading provider of post-acute medical and rehabilitative care for patients who are catastrophically and severely disabled due to trauma or non-degenerative neurological illness.  The project is HealthCap’s fifth build-to-suit development for CareMeridian.

The project was designed by EV&A Architects.  Construction will be performed by Big-D Construction and is anticipated to take twelve (12) months to complete.  The construction loan was originated and closed in-house by HealthCap on behalf of the borrower, an affiliate of the company.  The lender for the project is Amegy Bank, and the loan was originated out of the bank’s Dallas office.

About HealthCap
HealthCap is a private equity firm specializing in creative growth capital and real estate solutions for the strategic needs of the healthcare industry. HealthCap assists its operating partners by providing growth capital, facilitating buy-outs and recapitalizations, and executing strategic healthcare real estate initiatives. Since 1996, HealthCap has sponsored more than $1.1 billion in healthcare sector investments. For more information, please visit healthcap.com