Healthcare: UNM secures $143M for Rio Rancho med center

from New Mexico Business Weekly

The University of New Mexico has received a $143.4 million federal loan guarantee to construct and equip a state-of-the-art teaching hospital in Rio Rancho. UNM Regents have set aside an additional $49 million for the project.

The Department of Housing and Urban Development guarantee will help finance the new Sandoval Regional Medical Center, a 200,000-square-foot, 68-bed hospital with a 40,000-square-foot medical office building on 18 acres of UNM land.

The facility will have six operating rooms and a 13-bay, Level III/IV Emergency Department/trauma center, which will serve as a community teaching hospital. Officials said the medical center will provide inpatient and outpatient services, including cardiology, gastroenterology, general medicine, general surgery, orthopedics, oncology, pulmonary and behavioral health. The hospital is designed to eventually be a 300-bed facility.

Officials said the center’s construction is expected to generate $386.4 million for the local economy and support 1,877 jobs. Once complete, it is expected to support 1,521 full-time employees and contribute $253.6 million annually to the local economy.

“I am pleased to see the construction of the [medical center] coming to fruition,” U.S. Congressman Ben Ray Luján, D-NM, said in a news release. “The new facility will not only provide health care to the rapidly growing city of Rio Rancho, but will also help address the shortage of health care professionals in neighboring underserved areas.”

Presbyterian’s newest hospital is under construction near Westside Boulevard and Unser at the southern border of Rio Rancho where it touches the Albuquerque city border.

[bizjournals.com]

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