Hospital Menonita Caguas (2018)

Caguas, PR

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NMTC Amount: $16,000,000

Est. Total Project Cost: $18,693,705

COMMUNITY IMPACT

Investor: Capital One, N. A. Hospital Menonita Caguas is a 246-bed Acute Care Hospital located in Caguas, Puerto Rico whose primary function is to provide inpatient diagnostic and therapeutic services for a variety of medical conditions, both surgical and non-surgical, to a wide population group. The Project had multiple facets, including the renovation and refurbishing of the Hospital’s 4th Floor into a new, 11,021 SF Inpatient Rehabilitation Facility (IRF) with 18 beds, along with an Intensive Care Unit (ICU). In addition to the 4th floor renovation, Hospital Menonita Caguas planned to refurbish an adjacent facility into 20 medical offices to provide better access for residents to preventive care and better leverages the medical resources available at the Hospital. Hurricanes Irma and María had a significant effect on resident health, mortality and access to care in Puerto Rico making this project even more important to the community. Overall, the Project retains 592 jobs, while creating 55 full-time, permanent positions and an estimated 60 construction jobs.

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