Mercy Iowa City Rehabilitation Hospital
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an inpatient rehabilitation hospital located in Coralville, IA. Mercy Iowa City Rehabilitation Hospital was recently constructed in 2020 in partnership Mercy Iowa City, an affiliate of MercyOne, and Kindred Healthcare to address the growing need for inpatient rehabilitation services across Iowa.
Mercy Iowa City Rehabilitation Hospital is the first freestanding inpatient rehabilitation hospital in eastern Iowa and among three in the state. In June 2018, Kindred and MercyOne opened MercyOne Rehabilitation Hospital in Clive, IA, a suburb of Des Moines.
Consisting of 54,600 RSF, Mercy Iowa City Rehabilitation Hospital is a state-of-the-art, 40-bed inpatient acute rehabilitation hospital dedicated to the treatment and recovery of individuals who have experienced the debilitating effects of a severe injury or illness and with specialty programs dedicated to neuro, stroke, brain injury, spinal cord injury and amputation. The hospital features all private rooms, a secure brain injury unit with private dining and a therapy gym, as well as a transitional living apartment designed to simulate a residential apartment, to prepare patients for their daily living tasks before they are discharged.
The leased investment is supported by a 15-year lease demonstrating the hospital’s dedication to providing compassionate and customized care to patients throughout Iowa and surrounding areas.
Representative Transactions
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