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July 28, 2015 9:37 AM ET

Healthcare Providers and Services

Company Overview of Memorial Hermann Healthcare System, Inc.

Company Overview

Memorial Hermann Healthcare System, Inc. operates a chain of acute care, children’s, and rehabilitation hospitals in Southeast Texas. The company offers services in the areas of burn and cancer care, children's health, diabetes and endocrinology, neuroscience, digestive health, emergency, heart and vascular, joint pain, lung and respiratory health, lymphedema, nutrition, ophthalmology, orthopedics and sports medicine, palliative care, physical and occupational therapy, rehabilitation, robotic surgery, sleep centers, surgery centers, transplant, weight loss, women's health and maternity, and wound care; neurosurgery, neurology, and stroke; and ear, nose, and throat. It also provides imaging a...

929 Gessner Drive

Suite 2600

Houston, TX 77024

United States

Founded in 1907

Phone:

713-448-5555

Fax:

713-448-4307

Key Executives for Memorial Hermann Healthcare System, Inc.

Chief Executive Officer
Chief Operating Officer
Age: 61
Chief Executive Officer of the Memorial Hermann Heart and Vascular Institute - Texas Medical Center
Chief Executive Officer of Children's Memorial Hermann Hospital
Chief Operating Officer of Memorial Hermann Northeast Hospital
Compensation as of Fiscal Year 2015.

Memorial Hermann Healthcare System, Inc. Key Developments

Memorial Hermann Breaks Ground on $650 Million Texas Medical Center Renovation and Expansion Project

Memorial Hermann broke ground on May 27 on the $650 million expansion and renovation of its Texas Medical Center (TMC) Campus. As the Houston region's only full-service health system, this expansion will enable Memorial Hermann to stay ahead of the fast-growing advances in medicine, keep pace with the extraordinary growth of the city and, most importantly, meet the health needs of the community for years to come. The Breaking New Groundexpansion and renovation project began in fall 2014 and is expected to be completed in 2019. Highlighting the project will be the construction of a new patient care building and an additional building that will include parking and infrastructure capabilities to support the new growth. The Memorial Hermann Health System board unanimously approved the Breaking New Ground expansion in March 2014, which builds upon the tremendous growth at Memorial Hermann-TMC over the last year. The expansion will also provide: 160 additional beds (plus 71 replacement beds); 24 operating rooms (19 replacement and five new); 16 additional emergency room bays; 750 new parking spaces; and a 335-seat café. The 15-story patient care tower will also house the Memorial Hermann Texas Trauma Institute and Memorial Hermann Life Flight®, including the John S. Dunn Helistop and the dispatch center, as well as the John S. Dunn Burn Center – the only comprehensive burn center in Houston verified by the American Burn Association – which will expand to 20 beds. In addition, seven shelled floors and six shelled operating rooms will be constructed to accommodate future growth with the potential of adding 264 beds. Memorial Hermann is investing significant resources into this expansion and renovation project but is also seeking the partnership of the philanthropic community to assist in these efforts. Associated with Breaking New Ground is a $200 million philanthropic campaign to support this effort. The campaign includes $150 million for renovation and expansion, with the additional $50 million earmarked for programmatic needs associated with the Texas Trauma Institute.

Memorial Hermann Health System-Southwest Presents at Spring Hospital and Healthcare IT Conference, Mar-02-2015

Memorial Hermann Health System-Southwest Presents at Spring Hospital and Healthcare IT Conference, Mar-02-2015 . Venue: Renaissance Orlando, SeaWorld, Orlando, Florida, United States.

Memorial Hermann Puts Portfolio Of Buildings Up For Sale

Memorial Hermann Healthcare System, Inc. has put 11 of its buildings up for sale. The medical office buildings are located throughout the greater Houston area and total more than 1 million square feet of net rentable area, according to HFF, which has the listing. HFF's Chicago and Houston offices are jointly marketing the portfolio. Managing directors Michael Bennett, Colby Mueck, Phil Mahler and Evan Kovac, along with Director Jack Dudick, are leading the HFF team. The Memorial Hermann buildings included in the portfolio include Northwest Medical Plaza 1 (96,953 square feet), Northwest Medical Plaza 2 (50,272 square feet), Southeast Medical Plaza 1 (98,449 square feet), Southeast Medical Plaza 2 (98,611 square feet), Southwest Medical Plaza 1 (171,607 square feet), Southwest Medical Plaza 2 (169,223 square feet), Southwest Medical Plaza 3 (136,694 square feet), Southwest Medical Plaza 4 (131,806 square feet), Woodlands Medical Plaza 1 (37,796 square feet), Woodlands Medical Plaza 2 (92,911 square feet) and Woodlands Medical Plaza 3 (117,295 square feet). "During the last ten years, Memorial Hermann began the strategy of working with developers and (real estate investment trusts), and this last piece of the portfolio brings consistency to that strategy," a statement from Memorial Hermann reads, "This model, which is a common trend amongst hospital systems, allows us to divert our capital toward patient care."

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