The city issued a permit Aug. 6 for the almost $21 million construction project for Nutex Health at northeast Beach and Kernan boulevards.
Parkway C&A LP of Lewisville, Texas, is the contractor for what plans specify is a total 28,303-square-foot ER and micro-hospital on almost 4.77 acres at 12645 Beach Blvd.
Houston-based Nutex Health Inc. announced in June 2022 that it planned to build and open the facility.
The Nutex Health center will comprise eight emergency department exam rooms, eight inpatient beds and an imaging department with MRI, CT scan and X-ray services.
BBKR Development Partners LLC, based in Atlanta, bought 8.42 acres at northeast Beach and Kernan boulevards in August 2022 from Tamaya Loan Acquisition LLC for $4.85 million.
BBKR Development has been selling parts of it. On March 27, a Dallas-based investment partnership paid $1.5 million for almost 1.8 acres to develop a Starbucks Coffee shop at 12645 Beach Blvd.
The hospital permit calls it a specialty hospital, which Nutex Health says offers individualized medical care around the clock.
The health care company says that in addition to ER services, specialty hospitals can observe patients overnight or admit them for an extended stay. It says its facilities offer medical treatment, including drug and alcohol detox services and behavioral services.
Nutex Health Inc. is a health care management and operations company with two divisions: a Hospital Division and a Population Health Management Division.
NutexHealth.com’s list of locations comprises 23 facilities with six more coming soon across 12 states.
In Florida, the site says it will open “ER & Hospital” facilities in Jacksonville, Miami and Odessa.
The Hospital Division owns, develops and operates health care models, including micro-hospitals, specialty hospitals and hospital outpatient departments.
The Population Health Management Division owns and operates provider networks.
The company was formed in 2011.
Nutex Health, a public company, reported May 8 that for the first quarter, which ended March 31, revenue rose to $67.5 million, up almost 20% from $56.3 million in the first quarter of 2023.
Revenue grew 6.7% among hospitals opened before Dec. 31, 2021.
The net loss of $364,075 compared with a net loss of $5.1 million the year before.
Total assets were $404.3 million.
As of March 31, the hospital division owned and operated 21 facilities in nine states.
Hospital Division visits of 40,068 compared with 33,085 in the first quarter of 2023, up 21.1%.
In an investor presentation, Nutex said it develops and operates a network of micro-hospitals, specialty hospitals, and hospital outpatient departments.
It describes a micro-hospital as a small hospital that includes a full-functioning emergency room, four to 10 inpatient suites and six to 10 emergency rooms operated by board-certified emergency physicians.
The hospitals constituted 90% of Nutex Health revenue in 2023.
The presentation said Nutex Health had 22 micro-hospitals as of 2024, with four more expected in 2024 and five in 2025.
The presentation says Nutex’s facilities require lower staffing and capital obligations while delivering improved quality of care, with an average patient wait time of 15-30 minutes.
Adults age 35 and over comprise about 51% of patients, with 31% of patients age 18-35 and 18% being pediatric patients under the age of 18.
The presentation says Nutex Health targets densely populated suburban and underserved markets.
Construction costs are about $15 million to $20 million.