Catalyst Completes PAM Inpatient Rehabilitation Hospital of Sussex

PENSACOLA, FLA. – Catalyst Healthcare Real Estate (Catalyst), a healthcare real estate development and investment firm, in partnership with National Real Estate Advisors, LLC (National), an investment manager developing, operating, and managing commercial real estate projects across the United States, is proud to announce the completion of the PAM Health Rehabilitation Hospital of Sussex. The hospital officially began serving patients in late 2024.
“This project highlights our dedication to building value through investments in modern, high-quality facilities,” said Jeffrey Kanne, President and CEO of National Real Estate Advisors. “By focusing on strategic investments like this, we aim to generate solid, long-term returns for our clients while improving the communities in which we invest.”
Located on the Bayhealth Sussex Campus, in Milford, DE, this state-of-the-art, two-story hospital spans 74,523 square feet and offers 40 inpatient beds, with capacity for a total of 50 beds.
“We are incredibly proud of this development and its potential to make a meaningful impact on the Milford community and beyond,” said Phil Schuck, Senior Vice President of Catalyst. “This project exemplifies our shared vision with Bayhealth and PAM Health to provide greater access to quality healthcare, and we look forward to seeing the positive outcomes it will bring to patients.”
A joint venture between PAM Health and Bayhealth, the hospital further solidifies PAM Health’s position as one of Delaware’s premier healthcare providers. Catalyst and Bayhealth have also established a real estate joint venture for the project. This marks the second collaboration between Catalyst and PAM Health in Delaware, further advancing the companies’ programmatic partnership.
“The introduction of this state-of-the-art hospital exemplifies the power of collaboration to elevate the services that are provided to our patients. The relationship between PAM Health and Bayhealth allows the ability to bring the strengths of both organizations together for the common good of our community,” said Michael Ashton, Administrator of Bayhealth Hospital, Sussex Campus.
PAM Health Founder, Chairman, and CEO Anthony Misitano reinforced Ashton and Schuck’s comments, adding, “By expanding our collaboration with our trusted partner, Bayhealth, we can better serve the community by providing access to transformative rehabilitation care. We are excited to bring hope and healing to our patients.”
The hospital features a comprehensive array of services, including a pharmacy, radiology department, dialysis center, physical therapy gym, administrative offices, and a multipurpose room. As the only inpatient rehabilitation hospital of its kind in Kent and Sussex counties, this new PAM Health location will greatly expand access to specialized care in these areas.
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ABOUT CATALYST HEALTHCARE REAL ESTATE
Catalyst is a national, healthcare real estate development and investment firm. Our platform of integrated real estate deliverables is specifically designed for the ever-evolving landscape of healthcare real estate. Our team seeks to positively impact healthcare with strategic investment in development, acquisition, and strategy services. For more information, please visit catalysthre.com
Contact: Bella Costa, Marketing Coordinator bcosta@catalysthre.com| 252-675-3465
ABOUT NATIONAL REAL ESTATE ADVISORS, LLC
National Real Estate Advisors, LLC (“National”) is an investment manager developing, operating, and managing commercial real estate projects across the United States. National’s mission is to create lasting value through projects that produce solid, long-term returns for our clients while improving the communities in which we invest and develop. Since 2000, National’s investment team has been constructing investment portfolios of diverse property assets — primarily multifamily, data centers, office, healthcare, and medical buildings. National manages separate accounts and multiple commingled investment vehicles, including a data center fund. National seeks to create value for investors by adhering to a rigorous investment process and development principles guided by profits, integrity, community, and collaboration. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis.
For more information, please visit www.natadvisors.com.
ABOUT PAM HEALTH
PAM Health, based in Enola, Pennsylvania, provides post-acute healthcare services through more than 100 long-term acute care hospitals, medical rehabilitation hospitals, behavioral health hospitals, as well as wound care clinics and outpatient physical therapy locations, in 22 states. PAM Health is committed to providing high-quality patient care and outstanding customer service, coupled with loyal, dedicated, and highly trained staff, to be the most trusted and impactful source for healthcare services in every community it serves. Learn more at PAMHealth.com.
Contact: Lisa MacLean, Sr. EVP and Chief Government Relations Officer 717-731-9660
ABOUT BAYHEALTH
Bayhealth’s mission is to strengthen the health of our community, one life at a time. Bayhealth’s commitment to our community runs deep. As central and southern Delaware’s largest healthcare system, Bayhealth is comprised of Bayhealth Hospital, Kent Campus and Bayhealth Hospital, Sussex Campus, the freestanding Emergency Department in Smyrna, Bayhealth Emergency and Urgent Care Center, Total Care in Milton, as well as numerous satellite facilities and employed physician practices encompassing a variety of specialties. Bayhealth is a technologically advanced not-for-profit healthcare system with nearly 4,000 employees and a medical staff of more than 450 physicians and 200 advanced practice clinicians. Bayhealth is an affiliate of Penn Medicine for Cardiac Surgery, Vascular Surgery, Orthopedics, and Neurosciences and is a member of the Penn Cancer Network. In Fiscal Year 2023, Bayhealth recorded 107,911 emergency department visits, 18,022 patients admitted to beds, 2,545 births, and provided more than $12 million in unreimbursed care to patients.
Visit Bayhealth.org for more information