Healthcare Solutions Holdings Continues its Nationwide Expansion Plans with the Development of a 100,000 Square Foot Medical Campus in the Greater Houston, Texas Area

Rhea-AI Summary

Healthcare Solutions Holdings (OTCPK: HSMD) announced $85 million for a new medical campus in Sealy, TX, comprising an Ambulatory Surgery Center (ASC) and several medical facilities. This project is facilitated by a partnership with Dr. Kannappan Krishnaswamy, who will serve as Medical Director in Houston. The ASC will provide same-day surgical and outpatient care, while Advance Care Medical complexes will offer primary and urgent care services. Construction is expected to take 9-18 months, targeting completion by mid-2024, aiming to enhance affordable healthcare access.

Positive

• Committed $85 million for a new medical campus in Sealy, TX.
• Partnership with Dr. Krishnaswamy, expanding leadership in Houston.
• Investments aimed at enhancing access to affordable healthcare.

Negative

• None.

The Campus will be Comprised of an Ambulatory Surgery Center and Multiple Medical Facilities

GLEN COVE, N.Y., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Healthcare Solutions Holdings (OTCPK: HSMD), a vertically-integrated health care system, today announced $85,000,000 of committed capital for the development and construction of a new medical campus in Sealy, TX.  The campus, when completed, will contain a multi-specialty Ambulatory Surgery Center, a medical office building, a second office building with clinical space and two Advance Care Medical complexes. This announcement is the culmination of a signed definitive agreement with Houston-based internal medicine specialist Dr. Kannappan Krishnaswamy, who has also joined the company as the Medical Director of the Houston, TX region.

HSMD’s management team is currently working to identify strategic locations within the Houston Metropolitan market to develop an additional 20 Advance Care Medical locations. The company aims to provide the public greater access to comprehensive, affordable, state-of-the-art healthcare within their local communities. 

HSMD’s Ambulatory Surgery Centers (ASCs) will offer same-day surgical and outpatient care, including diagnostic and preventive procedures. The Advance Care Medical complexes (ACMs) will offer accessible primary and urgent care services, including in-house diagnostic imaging and a wide variety of lab testing. Construction of the ASC and initial ACMs are expected to take 9-18 months with a target date of mid-2024 to complete the full complex.

“HSMD is committed to investing in communities to fill the gap in affordable health care options,” stated Jonathan Loutzenhiser, Executive Director at HSMD. “We foresee the collaboration with Dr. Krishnaswamy as key to expanding HSMD medical facilities statewide and ensuring better health outcomes for more patients.”

Dr. Krishnaswamy has practiced medicine for 40 years. Over the past 25 years, his practice has treated more than 100,000 patients in Austin County and surrounding areas, committing themselves to those who are underserved. “Before hanging up my white coat, I want to make sure this is a well-served community with all the medical services people will need,” he affirms.

“Dr. K,” as he is affectionately known among his staff and patients, has long envisioned a health care solution for this community to address the lack of medical services that are often almost 20 miles away. “This is something I would not have been able to achieve without the support and clinical infrastructure provided by HSMD.”

About Healthcare Solutions Holdings

Healthcare Solutions Management Group Inc. (HSMD) is an integrated healthcare system operating through its wholly owned subsidiary Healthcare Solutions Holdings, Inc. HSMD’s overarching mission is to provide high-quality, equitable, and affordable healthcare to underserved communities across the United States through a highly trained physician-led medical staff, and three vertically integrated subsidiaries: Advance Care Medical Comprehensive/Urgent Care complexes, HSH Surgical Ambulatory Surgery Centers, and HSH Medical Services.                                                                                                

CONTACT:
Jayson McKenna
(518) 244-0777
jmckenna@hshmedical.com

Notice Regarding Forward-Looking Statements 

Statements in this press release which are not purely historical are forward-looking statements and may include statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. The healthcare market is a fast changing, highly regulated market, and HSMD will always strive to provide the best patient care while remaining compliant with all legal and regulatory rules and guidance.

FAQ

What is the investment amount for HSMD's new medical campus?

Healthcare Solutions Holdings announced an investment of $85 million for the development of a new medical campus in Sealy, TX.

What facilities will be included in the HSMD medical campus?

The HSMD medical campus will include an Ambulatory Surgery Center, medical office buildings, and Advance Care Medical complexes.

Who is the Medical Director for HSMD's new Houston region?

Dr. Kannappan Krishnaswamy has been appointed as the Medical Director for the Houston region for HSMD.

When is the completion date for HSMD's new medical campus?

The new HSMD medical campus is expected to be completed by mid-2024.

What services will HSMD's Ambulatory Surgery Center provide?

HSMD's Ambulatory Surgery Center will offer same-day surgical and outpatient care, including diagnostic and preventive procedures.