Cook Children’s Health Care System

Closed

October 2012

Fort Worth, Texas

$11.6M ($40.8M Project)

Cook Children’s is a non-profit children’s health care system located in a highly distressed area in downtown Ft. Worth, TX. Cook Children's provides pediatric specific services to all children along the entire continuum of health and medical care; primary, specialty, hospital, home health, and government health insurance program beneficiary managed care. This includes mental health and a special initiative to serve the needs of homeless children and their families in the community. This financing expands medical care for children and residents of LICs. Cook Children’s centralizes all non-direct patient care staff and is a significant financial driver for the organization creating efficiencies and return for the entire health care system.

This project created approximately 60 permanent jobs along with 249 full-time equivalent construction jobs. Cook Children’s retained and relocated 371 employees from a non-qualifying location to a qualifying highly distressed LIC. A portion of the 120,000 square-foot facility will be made available as needed to various community groups and coalitions with a children’s health focus. Cook Children's is also the only pediatric hospital in Fort Worth. Although there is a considerable amount of hospital, clinical and physician office space in the area, there is a lack of general office space. For example, to make room for the expansion of Cook Children's Medical Center in 2008, roughly 400 employees had to be relocated to one of four separate buildings outside this low-income area. This development created space and the opportunity to bring staff members back into the LIC area, benefiting the restaurants, shops and businesses in the area.