St. Agnes Health and Rehabilitation Center has been added to the Legacy Healthcare portfolio. The deal was agreed upon for approximately $16.5 million. Legacy Healthcare will assume operations and formally re-flag the property, in September, as Warren Barr South Loop, according to Michael Manuel, vice president of Business Development and Strategy.
The 197-bed property, located at 1725 South Wabash, in Chicago, will handle the highest acuity in the Legacy Healthcare portfolio. Care specialties, such as the dedicated Pulmonary Unit, will offer patients the latest in respiratory therapy. Additionally, Warren Barr South Loop is equipped with state-of-the art ventilators, enabling a specialized level of care for patients, added Manuel.
“Given the strong Warren Barr brand name and the facility’s ideal location, we believe Warren Barr South Loop will attract both short stay patients, such as orthopedic surgeries, and longer stay high acuity medically complex patients, as well as everything in between, from across Chicago and its suburbs,” said Manuel. Warren Barr South Loop is situated in the prime South Loop neighborhood with tremendous views of the spectacular Chicago skyline from the south looking north. A lush outdoor courtyard provides patients with restorative green space. The structure itself, a very large and spacious facility, will undergo an immediate renovation commencing with the entrance and lobby, patient rooms and gym areas. The renovation will bring the aesthetic of the building up to the elevated standard of Warren Barr properties, such as Warren Barr Gold Coast and Warren Barr North Shore.
Renovations have already begun on the first phase of the project and are expected to be completed in three to four months. Once completed, Warren Barr South Loop will be a stand out in the community.
Patient demographics from nearby property, Warren Barr Gold Coast, demonstrated a need for upscale, post hospital nursing and rehabilitation services in the growing South Loop area.
The addition of Warren Barr South Loop further strengthens the Legacy Healthcare portfolio as the company grows its service network in the high profile South Loop corridor while utilizing relationships and systems established in developing prior properties, most recently Warren Barr Gold Coast.
“The South Loop continues to undergo an incredible transformation and thrive economically, and we are excited to add to the community’s momentum by bringing the first Warren Barr-branded post hospital rehab facility to the area. The team at Legacy always strives to set the bar and we are especially confident that Warren Barr South Loop will provide a perfect mix of style, service, complex medical and rehab and amenities that will exceed any guest’s expectations,” said Manuel.
Warren Barr South Loop will be a Joint Commission accredited facility.
