Mohr Health, a Dallas-based healthcare real estate investment company, secured $10.9 million from Siemens Financial Services under Siemens' expanded healthcare financing arm, the company said in a news release.
Mohr secures funding from Siemens finance unit
Siemens announced earlier this year it would expand beyond equipment deals to finance healthcare construction, real estate, asset-backed and cash-flow loans. The Mohr Health deal will finance construction of a 40-bed rehabilitation hospital in San Antonio, according to Siemens. It follows Siemens' $17.2 million credit facility financing to Bucks County Specialty Hospital in Bensalem, Pa., for building renovation and equipment, which was announced in January.
The rehabilitation hospital will be operated by Post Acute Medical under the name Warm Springs Rehabilitation Hospital of Westover Hills.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.