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May 30, 2015 4:54 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: 60
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 2014.

Memorial Hermann Healthcare System, Inc. Key Developments

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."

Memorial Hermann to Build New 80-Bed Hospital in Cypress

Memorial Hermann Health System is set to expand its world-class, clinically-integrated, patient-centered care to the Cypress area, unveiling plans to build a major medical campus -- the centerpiece being a new, 80-bed, hospital. The Memorial Hermann Health System board unanimously approved the $168 million project. Construction on Phase I of the Cypress project is scheduled to begin in early 2015. The campus will be built on a 32-acre site located on the northeast side of Highway 290, south of Mason Road and north of Mueschke Road. The Cypress campus will be designed and built with a forward-looking focus taking into consideration the area's current population of more than 355,000 residents, and an expected growth of nearly 100,000 more people over the next decade. Phase I of the project, scheduled to be completed in early 2016, will include a fully-licensed Emergency Center and Medical Office Building offering convenient, primary care and ambulatory services, with physician offices. Highlighting Phase 2 of the project will be the construction of an 80-bed, acute care hospital, slated for completion in 2017. The hospital will include: 8 operating rooms, a 16-bed Intensive Care Unit, Neonatal Intensive Care Unit, and 1 Cardiac Catheterization Lab (and 1 shelled lab). The Cypress campus master plan also includes the capacity to grow inpatient beds to 275 to accommodate future growth, as well as the construction of a dedicated Memorial Hermann Life Flight(R) helipad and space for two additional medical office buildings. The Cypress project represents the latest addition in Memorial Hermann's strategic growth initiative -- Breaking New Ground -- designed to meet current and future healthcare needs in the greater Houston region. The initiative includes the construction of a medical campus in Pearland featuring a 64-bed hospital, and multi-million dollar expansions at Memorial Hermann-Texas Medical Center, Memorial Hermann Katy Hospital and Memorial Hermann Sugar Land Hospital.

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