Rendina Healthcare Real Estate and Astrea Development recently began construction on a 42-bed licensed inpatient rehabilitation in Jupiter. Located in a desired section of Jupiter known as Abacoa, the 48,941-square-foot facility will be across the street to the south of Rendina’s headquarters on approximately 5 acres of land. The hospital will be fully leased and operated by PAM Health (“PAM”), an industry leading operator of physical rehabilitation and specialty hospitals across the country.
The hospital will serve patients in the Palm Beach and Martin County regions by offering inpatient and outpatient programs, a procedure room, pharmacy, physical therapy, occupational therapy and speech therapy. Once open and operating, PAM will employ over 100 full-time and 60 part-time employees at this location.
A thorough study of the market, including a bed need analysis, was used to identify the ideal location for the new hospital.
“PAM Health will use the new location to address a gap in market,” said Richard M. Rendina, Chairman and CEO of Rendina. “Not only is this Rendina’s first inpatient rehabilitation project, but an opportunity to address a growing need in our own backyard by providing our community rehabilitation services from the best operator in this space.”
Astrea CEO Erik de Vries and President Richard Fiske have a successful track record developing similar facilities and brought the opportunity to Rendina in 2020. Richard Fiske is a longtime member of Rendina’s Advisory Board.
“We are thrilled to partner with Rendina and PAM Health to deliver this state-of-the-art physical rehabilitation hospital that will provide high quality care to the community and serve an unmet need,” said Richard Fiske, President of Astrea.
The hospital is expected to open in Q4 of 2022.
