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Centerstone Hospital Expansion

Centerstone Hospital Expansion

Type

Healthcare

Location

Bradenton, FL

Est. Project Cost

$6.0 million

Size

36,000 SF

Public Financing

New Markets Tax Credit, State, Federal

Sponsor

Centerstone of FL

Private Financing

Debt

Mental and Behavioral Healthcare Expansion

Centerstone’s $5.7 million hospital expansion added 36,000 square feet to its behavioral health campus in Bradenton, Florida. The facility includes a 30-bed unit to address the opioid crisis and expands its crisis center for children and families. Monge Capital structured NMTC financing to enhance access to mental health and addiction recovery services.

Estimated Economic and Social Impact

20 jobs created and 50 construction jobs. Expansion of critical healthcare needs.

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