Healthcare Firm Plans Nationwide Rollout of Up to 825 Clinics

Healthcare Solutions Management Signs Deals for $4.9 Billion in Property Developments Over 10 Years

Healthcare Solutions Management Group is planning up to 700 new Advance Care Medical centers. (CoStar)Healthcare Solutions Management Group is planning up to 700 new Advance Care Medical centers. (CoStar)

Startup Healthcare Solutions Management Group has signed agreements with American Development Partners, developers of single-tenant rental properties, for construction and leasing of up to 825 health clinics over the next 10 years for $4.9 billion, according to a Securities and Exchange Commission filing this week.

The agreements move the Glen Cove, New York-based company, which was formed four years ago, closer to plans to develop a nationwide system of ambulatory care and outpatient surgery centers.

The deals come just as Healthcare Solutions completed a merger into a dormant public company late in November. The company’s stock is now traded on the over-the-counter market, and its public status gives it more capabilities to finance its ambitious plans.

Healthcare Solutions is hoping to ride the wave of the fast-growing healthcare industry. Employment in healthcare occupations is projected to grow 16% from 2020 to 2030, adding about 2.6 million new jobs, according to the U.S. Bureau of Labor Statistics. That is much faster than the average growth range of 6% to 10%.

That growth is being propelled by the increase in the number of surgeries, a rise in chronic and infectious diseases, and an aging population.

Healthcare Solutions did not immediately respond to requests for comment from CoStar News.

The first of the two development agreements calls for Franklin, Tennessee-based American Development to present Healthcare Solutions with 10 qualified development ambulatory surgery projects per year. Healthcare Solutions’ surgery centers operate under the name HSH Surgical.

HSH Surgical has agreed to enter into 100 lease agreements with an option for 25 additional units. The anticipated development cost of each center is about $14 million. That makes the initial commitment total $1.4 billion with an option for an additional $350 million.

Under the urgent care center development agreement, American Development is to present 75 qualified projects each year. Healthcare Solutions operates its urgent care centers under the name Advance Care Medical.

The firm has agreed to enter into 500 lease agreements with an option for 200 additional units. Each urgent care center is anticipated to cost $4.5 million. That makes the initial commitment total $2.25 billion with an option for an additional $900 million.

Last summer, Healthcare Solutions announced it already broke ground on multiple construction projects for its urgent care facilities. Construction has been completed on five locations: Romeoville and Naperville in Illinois; Clarksville and Columbia in Tennessee; and Powder Springs, Georgia. Five more locations are expected to open this month.