The Chaparral Group is proud to announce the latest addition to its Oasis Seniors and Medical Campus, a 30 acre complex developed in the City of Meadows Place and the City of Stafford in Houston’s southwest quadrant, located in Ft. Bend County. The Oasis Hospital is expected to comprise approximately 162,000 square feet. The building is initially planned for five stories. It will include an Emergency Center and full Acute Care Hospital facilities to service the southwest quadrant of Houston. The targeted market area is a ten mile radius around the hospital site. There is not an existing general hospital located within five miles in any direction from this new campus.

The hospital cost is expected to be approximately $60 million. Financing is being arranged by the developer.

Doctor groups are working with the developer, arranging hospital privileges and involvement in the Out-patient Surgery Center in the MOB, under a careful program in full compliance with the federal Stark laws and state regulations. The physicians utilizing the hospital facilities will be those with offices in the Oasis Medical Office Buildings. The 206,000 square foot, nine-story first class “A” building is mostly pre-leased but good spaces are still available. Construction is underway on this building, with occupancy planned for early 2007.

The hospital will feature an Inpatient Surgical Center as well as general medical facilities, providing a broad spectrum of surgical procedures for the entire family. Four operating rooms in the initial plans are designed with the latest surgical equipment.

Morris Architects, a leading architectural firm in the healthcare field has just completed the hospital building design (attached). The new Assisted Living/Alzheimer's building is expected to house 180 seniors in a state-of-the-art three story facility with full services, including eight levels of seniors care. The present facility is operating at capacity with a waiting list and it is expected that the new facility will be at capacity within six months after opening. Then nearly 500 seniors will live on the Oasis Campus, within walking distance of the Oasis Hospital. The hospital is surrounded by an aging population.

The hospital land has been arranged as part of the 30 acre Medical Campus. Available for use of patients and doctors alike is the adjacent beautifully landscaped wooded Oasis Park, complete with an elegant Pavilion for bands and other entertainment, a covered walkway/connecting four buildings, seating areas and four small lakes with several water features.

Hospital construction is scheduled to commence in the third quarter of 2006 and be completed in the fourth quarter of 2007. A Specialty Hospital ensemble is also planned on the campus, to provide a psychiatric hospital, a long term acute care hospital and other medical service organizations. These will be housed in a building adjacent to the Acute Care Hospital, for convenient access between the medical service facilities across the elegant Sky Bridges.

Please contact us at your convenience so that we may discuss the project further.

Best wishes,

Al Fairfield
Chairman/CEO
The Chaparral Group