AUGUST 16, 2016
March LifeCare Announces Rehabilitation Hospital Development
Cobalt Medical Development is the most recent company to join March LifeCare in Riverside County, signing an agreement to purchase four acres on the growing medical campus. Cobalt, a real estate developer and owner/operator of healthcare facilities, plans to construct a state-of-the-art post-acute medical and rehabilitation hospital that will house 70 private inpatient beds, inpatient and outpatient programs, and provide upscale hotel-like amenities. The facility will be used to treat traumatic brain injuries, concussions, and Parkinson's disease, in addition to providing other in- and out-patient services.
"We are bringing a whole new level of medical service to the community," Richard Fiske, Cobalt's Chief Executive Officer said in making the announcement. "Our advanced rehabilitation center will specialize in treating traumatic brain injuries of military veterans, first responders, athletes, and the general public. We look at a rehabilitation patient as one who is not sick, but broken and our job is to get them mended." Fiske, along with Erik de Vries, Principal and Founder, have together participated in the development of nearly 25 percent of all the rehabilitation hospitals in the United States.
"Cobalt's hospital and rehabilitation services will be an integral part of the specialized medical services provided at the March LifeCare Medical Campus," said Donald Ecker of March Healthcare Development. Dr. Danielle Wheeler, March Joint Powers Authority Executive Director added, "Cobalt's rehabilitation center exemplifies the type of high quality, specialized medical facility the Joint Powers Commission envisioned would serve the surrounding communities of Moreno Valley, Riverside and Perris when they approved the March LifeCare Medical Campus."
The project will create over 100 construction jobs and joins other development already underway on the March LifeCare campus including the erection of a 150-bed behavioral health hospital, infrastructure expansion of new gas and water lines and roadway resurfacing, and construction of the US Vets housing facility. Once the hospital is constructed, Cobalt will be hiring physical therapists, speech therapists, nurses, nurse assistants, and workers in the food service industries as well grounds maintenance.
"We are excited about this development because Cobalt will be bringing services to the Riverside area that are currently unavailable," said Dr. Steven Larson, Chairman of the Riverside Medical Clinic. Dr. Thomas Haider, chief of the Spine Division for Riverside County Regional Medical Center agrees. "I look forward to utilizing Cobalt's state-of-the-art rehabilitation facility, there is such a severe need for post-acute care in Riverside County," he said.
Cobalt Medical Development, based in Dallas, Texas, is a real estate development and an owner/operator company providing exceptional patient care in state of the art facilities that promote improved patient outcomes. As experienced healthcare developers, Cobalt supplies its investors and healthcare providers with a sharp focus on strategy and developing real estate in rapid growth sectors. For more information, visit cobaltmedicaldevelopment.com.
About March Healthcare Development
March Healthcare Development is the master developer of March LifeCare, a medical city on approximately 236 acres of surplus land on the former March Air Force Base in Riverside County, California. For more information regarding March Healthcare Development, visit marchlifeusa.com.
FOR ADDITIONAL INFORMATION CONTACT
March Healthcare Development
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JULY 13, 2016
Groundbreaking Held for Meridian Business Park South Campus
On July 13th, March JPA Commissioners Ashley, Gardner, Busch, Giba, and JPA Executive Director, Dr. Wheeler,
turned dirt with their private partner (Meridian Park, LLC) in support of adding 3,000 future jobs to the western
Riverside County region. Meridian Park, LLC is a partnership between Waypoint Property Group and the Lewis
Group of Companies. Additional information on this private partnership can be found on the following link:
The groundbreaking event marks the construction of Meridian Business Park - South Campus, an approximate
450 acre campus that will introduce new office, commercial, mixed use, business park and industrial uses to the
area. The Campus will also include a little more than 100 acres of park/recreational and open space areas.
The initial phase of development will install backbone infrastructure this Fall that will not only serve future Meridian
users, but the neighboring Ben Clark Training Center and senior community, Altavita, that have operated on aging f
ederal backbone infrastructure for decades. "The project will bring much needed improvements, and jobs, to the area",
said Meridian Park, LLC representative Randall Lewis. March JPA Commission Chair, Daryl Busch, spoke during the
ceremony and expressed enthusiasm for the long awaited development that will help fill job gaps in the area, thereby
fulfilling the Commission's vision of bringing good jobs to Riverside County through the JPA's unique public-private
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JULY 1, 2016
Panattoni's 486,000 square foot building will house approximately 200 jobs this Fall
Panattoni Development Company, Inc. is a privately held real estate development company specializing in build-to-suit industrial and business park related projects. In 2015, Panattoni pursued its first industrial development within March JPA's Meridian Business Park. After a 90-day entitlement process within Meridian Business Park, the company completed its impressive 486,000 square foot industrial building in less than 9 months! Tenant improvements by a Fortune 500 company are set to begin July of 2016, with operations set to start this October with more than 200 employees on-site!
We are proud to highlight Panattoni as an outstanding local business partner at March. Their Meridian project can be viewed at
Meridian Business Park is a state-of-the art, master-planned commerce and job center in the heart of the booming western Riverside County region. Meridian offers move-in ready and shovel ready parcels for a variety of advanced technology, industrial, commercial, aviation and manufacturing types of uses. March JPA is the Administrator of Foreign Trade Zone 244 which offers cargo companies within our area, and region, multiple savings on taxes and custom duty fees. Access to the neighboring March Inland Port Airport also continues to be an invaluable resource to new and growing companies.
Please explore our website for additional information on how we can help your business be successful in the Inland Empire!
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