Mercy Edmond's campus is now paid for
Mercy, what a hospital bill: $106,469,000 and change.
That' s what Mercy Hospital paid in a recent quiet purchase of its Edmond campus at 2017 W Interstate 35 Frontage Road — quiet because it was routine for this kind of development.
Seen without context, it might seem odd. Mercy Edmond, near the southwest corner of I-35 and E 15th Street, opened in 2014 and expanded in 2017-2019.
But Mercy didn't own the property: the first threestory, 139,772-square-foot building, and the later three-story, 60,773-square-foot building housing an emergency department, outpatient surgery center, imaging, laboratory, specialty physician offices, wellness center, family medicine, internal medicine and pediatric clinics, and other services.
Technically, Mercy Hospital Oklahoma City Inc. bought the property from HR Acquisition I Corp ., paying $106,468,989, according to county records
“As planned since 2014,” said Meredith Huggins, senior media relations specialist for Mercy Integrated Marketing.
“It was just a transactional sale from an entity that assists in the purchase and development of healthcare facilities. Mercy now owns the property ,” said Janet Yowell, executive director of the Edmond Economic Development Authority.
The seller, HR Acquisition I Corp., is an arm of Healthcare Realty Trust Inc., in Nashville, Tennessee, which developed the property in collaboration with Mercy. Healthcare Realty says at www. healthcare realty. com that it has developed some 4 million square feet of medical facilities worth more than $1 billion the past 20 years.
“The impact of medical development in Edmond is tremendous,” Yowell said. “Not only do we benefit from the medical jobs that are created, which are both typically higher paying and sustainable jobs, we received sales tax from the construction of these facilities.”
Edmond has more than 1 , 600 medical j obs at Mercy and other medical providers, she said.