Maplewood Senior Living is collaborating with a hospital and a medical group on a new $100 million health center at the site of a former YMCA property in Norwalk, Connecticut.
The planned five-story development is slated to include an assisted living community, a fitness center and medical office space for Norwalk Hospital and its parent organization, the Western Connecticut Medical Group, reported the Fairfield County Business Journal.
In particular, the medical office space would help consolidate in one building many of the ambulatory services offered by the hospital and the medical group. If all goes according to plan, the center would open in 2021.
The assisted living portion of the building is planned to encompass 72,000 square feet, according to the Fairfield County Business Journal.
Based in Westport, Connecticut, Maplewood owns and operates 15 senior living communities in Connecticut, Massachusetts and Ohio. In another high-profile development project, Maplewood has partnered with Omega Healthcare Investors (NYSE: OHI) to build a luxury high-rise senior living community in Manhattan.
A representative for Maplewood Senior Living couldn’t be reached for comment as of press time.
The collaboration between senior living providers and hospital networks is an emerging industry trend. For example, a planned $400 million life plan community in Utah will include a relationship with Intermountain Healthcare, a Utah-based health system that has 22 hospitals, more than 180 clinics and its own health insurance plan.
More broadly, some major senior living players, like Toledo, Ohio-based Welltower (NYSE: WELL), are positioning themselves to reap the benefits when health systems come calling.
Written by Tim Regan