TEMPLE, Texas— Temple Economic Development Corporation (Temple EDC) announced today Everest Rehabilitation Hospitals, LLC will build a new $17 million capital investment, 36-bed inpatient rehabilitation hospital in Temple, TX. The project will result in 120 new jobs with an average annual salary of $52,000. The hospital will be located in the Temple Medical & Education District (TMED) South.
The Temple EDC Board of Directors approved a cash grant for infrastructure assistance at their May Board Meeting for Everest Rehabilitation Hospital.
“Everest Rehabilitation Hospital and TMED South will be the Southeast gateway to the community which is an ideal location for a specialty healthcare companies to locate.” said Temple EDC President David Blackburn. “Taking advantage of more than just our proximity to the population in the region, Everest Rehabilitation Hospital will also benefit from the talent and cost of doing business in Temple.”
The rehabilitation hospital is the first component of a 360-acre master plan development, TMED South, along Loop 363 and South 5th Street: This multi-year development project will become a regional hub sprawling across 360 acres and eventually encompass residential, retail, office, and entertainment venues.
“The 38,000-square foot hospital will service all hospitals and patients in Temple, Killeen, Harker Heights, Ft. Hood and the surrounding Central Texas areas.” said Jay Quintana, CEO of Everest Rehabilitation Hospitals, LLC. “We are proud to provide comprehensive inpatient physical rehabilitation to patients who have experienced a stroke, trauma, brain injury, complex orthopedic conditions, as well as other major illnesses or injuries.”
TMED is a partnership between several entities such as Baylor Scott & White Health Care, the Veterans Administration, Temple Health & Bioscience and Temple College. The district was established in 2009 with the intent to develop the area around these facilities while promoting the city’s medical and educational industries.
Everest Rehabilitation Hospital is the third company Temple EDC has assisted this year. Over the course of 2017, Temple EDC has worked with Everest, Bitmova, LLC and R&L Carriers to help them invest capital and create or maintain jobs in Temple. To date, Temple EDC efforts have resulted in over $ 30 million in projected new capital investment and new and/or retained 206 jobs in the City.
About Temple
Temple, Texas, is a community with a diverse economic base that includes healthcare, distribution and warehousing, and manufacturing as its foundation. Within 200 miles of a population of 19 million, Temple is strategically located 39 minutes north of the Austin Metro Area on I-35, making it central within the Southwest U.S. marketplace. For more information, visit www.choosetemple.com.
About Everest Rehabilitation Hospitals, LLC
Everest Rehab is a physical rehabilitation hospital company that delivers post-acute healthcare services, offering both facility-based and outpatient services to our communities. Everest Rehabilitation Hospitals, LLC, headquartered in Dallas, Texas, is committed to making healthcare remarkable for patients by providing local rehab alternatives. For more information please visit http://www.everestrehab.
