Sparked by a LinkedIn message, year-old local telehealth company Remission Medical has embarked on a project with a major healthcare industry player to improve care in the rheumatology field.
HCA eyes an 80,000-square-foot medical office building and “an outparcel with commercial or civic uses,” in addition to its proposed $233 million, 60-bed hospital on Sliding Hill Road near Ashland. It also has set aside for an additional 90 beds in the future.
The known cost for the health system to walk away from the project on the site of the city’s Public Safety Building appears to be closer to $80 million – and could end up being higher.
About 15 years after their professional paths in the beauty industry first crossed, Chelsea Martin and Rachel Duke are bringing their businesses together under one roof.
VCU Health revealed the payment Friday in response to a FOIA request from BizSense. The payment let the health system back out of the project and the 25-year lease it signed months into the pandemic.
The payment was quietly made to Project 10th Street Owner LLC, tied to Oak Street Real Estate Capital, which was handling financing for the project for developer Capital City Partners.
The plans come as the health system is putting the finishing touches on an expansion project at its Mechanicsville hospital and while its competitor HCA works to open a new hospital nearby.
Though it just opened in 2020, Sheltering Arms is already looking to add more beds to its $95 million Sheltering Arms Institute in West Creek.
After expanding its lab footprint in Richmond, the company also has expanded its war chest with an eight-figure capital raise.
VCU Health held a ribbon-cutting ceremony last week for a $420 million addition to its Children’s Hospital in downtown Richmond. Bon Secours similarly marked the completion of a $3 million Manchester clinic for uninsured people.
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