The facility is Oceans’ fifth hospital in Texas, and will be dedicated to providing specialized psychiatric treatment for the adult and geriatric population. It’s expected to open in April 2014.
“With this new hospital, Oceans will serve the Fort Worth community with exceptional behavioral health services to meet the significant and growing needs of seniors and their families,” said Jason Reed, CEO of Oceans Healthcare. “Oceans’ unique approach, which emphasizes dedicated facilities delivering specific care to senior patients, is ideally-suited to meet those needs. Our specialized program at Oceans Behavioral Hospital Fort Worth will provide a safe, structured and supportive social environment, as well as intensive therapeutic intervention. We are proud to partner with SRP and to be on the ground in Fort Worth to improve the health and well-being of local seniors.”
Oceans is Louisiana’s largest provider of psychiatric facilities for geriatric patients. Earlier this year, it was purchased by General Catalyst Partners for $17 million, and also closed on a $23.7 million investment from Virginia-based MCG Capital. The company was founded in 2004, and focuses on providing gero-psychiatric treatment services to patients age 55 and older, specificially treating dementia-related or other progressive mental illness.
SRP Medical, formerly part of the Staubach Company, is a real estate investment and development company focused on healthcare-related investments throughout Texas and the southern United States.
“SRP is excited to support Oceans in helping to create an exceptional center of care and healing for the underserved adult and senior behavioral health needs in Fort Worth,” saidScott Wilson, managing principal of SRP Medical. “We strongly believe that it is important to more effectively address the acute behavioral health needs of our seniors across Texas and look forward to working with Oceans Healthcare to fulfill the vision of meeting those needs in Fort Worth and beyond.”
The facility is located along Bryant Irvin Road, south of Interstate 20. Rogers O’Brien is the project’s general contractor and Ascension Group is the architect.