Catalyst Completes PAM Inpatient Rehabilitation Hospital of Sussex

January 28, 2025

PENSACOLA, FLA. - Catalyst Healthcare Real Estate (Catalyst), a healthcare real estate development and investment firm, in partnership with National Real Estate Advisors, LLC (National), an investment manager developing, operating, and managing commercial real estate projects across the United States, is proud to announce the completion of the PAM Health Rehabilitation Hospital of Sussex. The hospital officially began serving patients in late 2024.

"This project highlights our dedication to building value through investments in modern, high-quality facilities," said Jeffrey Kanne, President and CEO of National Real Estate Advisors. "By focusing on strategic investments like this, we aim to generate solid, long-term returns for our clients while improving the communities in which we invest."

Located on the Bayhealth Sussex Campus, in Milford, DE, this state-of-the-art, two-story hospital spans 74,523 square feet and offers 40 inpatient beds, with capacity for a total of 50 beds.

"We are incredibly proud of this development and its potential to make a meaningful impact on the Milford community and beyond," said Phil Schuck, Senior Vice President of Catalyst. "This project exemplifies our shared vision with Bayhealth and PAM Health to provide greater access to quality healthcare, and we look forward to seeing the positive outcomes it will bring to patients."

A joint venture between PAM Health and Bayhealth, the hospital further solidifies PAM Health's position as one of Delaware's premier healthcare providers. Catalyst and Bayhealth have also established a real estate joint venture for the project. This marks the second collaboration between Catalyst and PAM Health in Delaware, further advancing the companies' programmatic partnership.

"The introduction of this state-of-the-art hospital exemplifies the power of collaboration to elevate the services that are provided to our patients. The relationship between PAM Health and Bayhealth allows the ability to bring the strengths of both organizations together for the common good of our community," said Michael Ashton, Administrator of Bayhealth Hospital, Sussex Campus.

PAM Health Founder, Chairman, and CEO Anthony Misitano reinforced Ashton and Schuck's comments, adding, "By expanding our collaboration with our trusted partner, Bayhealth, we can better serve the community by providing access to transformative rehabilitation care. We are excited to bring hope and healing to our patients."

The hospital features a comprehensive array of services, including a pharmacy, radiology department, dialysis center, physical therapy gym, administrative offices, and a multipurpose room. As the only inpatient rehabilitation hospital of its kind in Kent and Sussex counties, this new PAM Health location will greatly expand access to specialized care in these areas.