Penrose-St. Francis Health Services will sell its former Penrose Community Hospital, at 3205 N. Academy Blvd., to Peak Vista Community Health Centers, a nonprofit organization that offers primary medical, dental and behavioral health services to more than 65,000 El Paso and Teller residents, most from working families without health insurance.
In a news release, Penrose-St. Francis said it had agree to reduce the fair-market value by $1.5 million, which isn't much, considering the El Paso County Assessor's Office lists the property's value at $20.7 million. The property is owned by the Catholic Health Initiatives, Englewood, in which Penrose-St. Francis is included. From the release:
“The addition of this new property allows us a wonderful opportunity to serve more people for primary outpatient care in the Pikes Peak Region.” said Pam McManus, President & CEO of Peak Vista. “We are extremely thankful for our partnership with Penrose-St. Francis as our missions align to provide exceptional care for people facing access barriers in our community.”
This facility was closed in 2008 when Penrose-St. Francis moved all inpatient services to the new St. Francis Medical Center at Woodmen Rd. and Powers Blvd. Penrose-St. Francis continued to operate Penrose Community Urgent Care and other outpatient services in the building and those will remain open.
“We’ve been talking a lot lately about community partnerships to enhance health care in Colorado Springs,” said Margaret Sabin, president and CEO of Penrose-St. Francis Health Services. “This is just one more example of how we are joining forces with another healthcare provider to continue our mission of improving the health of our community.”
The first mention of the deal came during Centura's presentation yesterday of its proposal to lease city-owned Memorial Health System. Sabin noted the sale is an example of how Centura collaborates in health care in the communities in which it operates.
It's unclear whether Peak Vista plans to shut down another facility when it occupies the new facility, when it plans to move into the new building, and how much of the building will be occupied by Peak Vista.
We've put in a call to Peak Vista. Check back for details.
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