Washington Regional to Acquire Property for Future Expansion
Washington Regional Medical System is preparing to meet the growing health care needs of Northwest Arkansas after acquiring approximately 15 acres near the Washington Regional campus in Fayetteville. The property, part of the Drake Farms development in Fayetteville, is located adjacent to the Washington Regional campus and will allow for future expansion of services. Plans for the property are being finalized and include facilities for expanded inpatient hospital services, outpatient surgical services, to include overnight stay capabilities, ambulatory care services, and a center for wellness focused on whole person care. Washington Regional seeks to continually improve the patient experience and clinical outcomes, while offering convenient, cost effective and comprehensive care within technologically-advanced surgical settings.
“Washington Regional’s mission is to improve the health of people in the communities we serve. The Northwest Arkansas community is among the fastest growing in the nation and acquiring this property will allow us to grow with it,” said Washington Regional President and CEO Larry Shackelford. “Our medical center campus at North Hills opened in 2002 with 345,000 square feet of space. In less than 20 years, it has grown to over 724,000 square feet, and we are unable to expand any further on our main campus. Purchasing this property adjacent to our campus will allow Washington Regional to plan for the next 20 years of growth by optimizing our medical center campus for higher acuity services and offering lower acuity services at our expanded campus at the Drake Farms property,” Shackelford said.
Drake Farms is a 175-acre mixed use development that will ultimately include residential, commercial and institutional space, as well as green space and other amenities. The architects on the Washington Regional project are HRD and Tommy Van Zandt with Cushman & Wakefield Sage Partners represented the seller in the transaction. Washington Regional also acquired the option to purchase two additional parcels within the Drake Farms development consisting of approximately 25 acres of land in the future.