From the Wires
Physicians' Capital Investments Receives "Outstanding Development Award" for Sandy, Oregon Project
By: PR Newswire
Feb. 12, 2013 07:13 PM
DALLAS, Feb. 12, 2013 /PRNewswire-iReach/ -- Physicians' Capital Investments, LLC (PCI), a leader in medical real estate development and medical investment solutions, and Fresenius Medical Corporation, N.A. announced today that they received the "2013 Outstanding Development Award - New Construction" for its recent Sandy Complex, LP project from the City of Sandy, Oregon. The Sandy Complex, LP is an award-winning 4,696 square feet, 12-station FMC Dialysis Facility located at 37139 Hwy. 26, Sandy, Oregon, 97055. The award was presented by Sandy Planning Commission Chair, Jerry Crosby, and accepted by Jim Turner, Director of Business Development for PCI, and Jean Stevens, Regional Vice President of FMC.
In April of 2008, design standards became effective for all commercial, industrial, and non-residential (school and church) buildings. Known as the "Sandy Style," the design guidelines are the result of extensive public involvement.
Following adoption of Sandy Style design standards, an award program was developed to bring public attention to quality building projects within the city and to honor those individuals who were responsible for making those projects happen. 2013 is the fifth year the Outstanding Development Awards have been presented.
Sandy Style is an architectural style developed by the City of Sandy, modeled after the Cascadian Architectural style by adapting elements of the English Arts and Crafts and Oregon Rustic styles. The intent of the new standards is not to make all buildings look the same, but rather to ensure that they all have certain design elements in common in order to create a more unified overall appearance. Some elements of the style include:
· Steeply pitched roofs and gables
· Strong base materials using stone, block, or brick
· Exposed heavy timbers or natural wood beams, posts, and trim
· Warm earth-tone paint colors and/or brick
· Articulated building facades with prominent covered entries
· Windows to allow viewing into the building
· Public gathering spaces
· Pedestrian focused site layout with parking and vehicle access
"PCI is honored to be recognized with the 2013 Outstanding Development Award for New Construction. This project was a direct result of PCI and FMC's strong medical development partnership and our commitment to collaborate and thoroughly understand the medical needs and aspirations of the local community. We look forward to additional growth in the Mount Hood Corridor," said James Turner, Director of Business Development for PCI.
"The Sandy project signals PCI's entry into the state of Oregon. PCI and FMC are honored to work with and act as a catalyst in the City of Sandy for medical related development," said Pedro Vergne-Morell, CEO of PCI.
About Physicians' Capital Investments, LLC (PCI)
Founded in 2007, PCI is owned in part by physicians. PCI has over 100 years of combined medical construction/development, clinical care, and healthcare management experience. During the last five years, PCI has successfully developed customized, high-quality, modern, and efficient medical office and clinical facilities across the United States. PCI guides each project by providing ongoing expertise in project management, development, financing, lease negotiations, and facility and investment management services. Typically, PCI provides a unique opportunity for individual physicians and their employees to purchase medical and clinical facilities while limiting liability. In addition to its Dallas headquarters located at 8117 Preston Rd., Suite 400, Dallas, TX 75225, PCI also maintains a regional office at 1225 Seventeenth St., Suite 1750, Denver, CO 80202. For more information on PCI, please visit www.physcap.com.
About Fresenius Medical Care North America (FMC)
Through its leading network of more than 2,100 dialysis facilities in North America and its vascular access centers, laboratory, pharmacy, and affiliated hospitals and nephrology practices, FMC provides renal services to hundreds of thousands of people throughout the United States, Mexico, and Canada. FMC is also the continent's top producer of dialysis equipment, dialyzers and related disposable products, and a major supplier of renal pharmaceuticals. For more information about the company, visit www.fmcna.com; for information about patient services, visit www.ultracare-dialysis.com.
Sandy is a city located in Clackamas County, Oregon, United States; named after the nearby Sandy River. As of the 2010 census, the city had a total population of 9,570 and is the commercial center of a rural area with a population of approximately 20,000. The city serves as the western gateway to the Mount Hood Corridor. It is east of Portland and west of Mount Hood on the Barlow Road segment of the Oregon Trail (now US Highway 26). Sandy has a thriving business base. Bill King has been Mayor of Sandy since January 1, 2011. For more information on the City of Sandy, please visit www.ci.sandy.or.us.
This release may contain "forward-looking statements". All statements, other than statements of historical fact, including statements that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results may differ significantly from those envisaged by our forward-looking statements. Among the factors that could cause actual results to differ materially from those described or implied in the forward-looking statements are general business and economic conditions, production delays resulting from lack of regulatory certifications and other factors, competition in our existing and future markets, lack of market acceptance of our products and services, the substantial leverage and debt service resulting from our indebtedness, loss or retirement of key executives and other risks disclosed by us or generally associated with our business.
SOURCE Physicians’ Capital Investments, LLC (PCI)
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