Southlake Hospital

Category: Hospitals

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Built in 2013, Southlake Hospital is a 70-bed acute care hospital that consists of 142,000 square feet and 10.6 acres.  The site includes a three-story, 400-space parking garage.  The hospital is leased through April 2033 to Forest Park Medical Center, a physician-owned hospital system that currently operates four medical facilities comprising a total of 280 beds in the Texas cities of Dallas, Frisco, San Antonio and Southlake, with campuses in Fort Worth and Austin currently under development.  Forest Park successfully employs a private pay model in which their hospitals generate revenues from contracted private insurers and cash payment from individuals.  This model has resulted in increased profitability through the avoidance of lower paying Medicare and Medicaid reimbursement.  Forest Park will operate Southlake Hospital under an absolute net lease with annual rent escalations tied to the consumer price index with an annual cap of 3 percent.