Ryan and Exalt Health Announce New Inpatient Rehabilitation Facility in Riverview Florida

Last week, in partnership with Exalt Health, we announced plans to develop a new state-of-the-art inpatient rehabilitation facility in Riverview, FL. The 40,000-square-foot facility will offer 40 beds and provide intensive physical, occupational and speech therapy services to patients with complex medical conditions. Construction is expected to begin in the fourth quarter of 2025, with the facility scheduled to open in early 2027. 

Located adjacent to the 223-bed BayCare St. Joseph’s South Hospital, the facility will expand access to critical post-acute care in one of Florida’s fastest-growing communities. We identified and secured the site, led the rezoning process and formed a joint venture with Exalt Health to own the facility. We will also serve as the developer, general contractor and property manager. The project team includes E4H Architecture as the architect and Kimley-Horn as the civil engineer. 

“This new facility will enable us to extend our patient-centered care to more individuals in need of rehabilitation services, helping them recover and regain their independence,” said Jeff Crawford, Chief Development Officer and Chief Operations Officer at Exalt Health. “Exalt Health is excited to bring our expertise in rehabilitation care to the Riverview community.” 

Exalt Health is known for its team-based approach to treating individuals with neurological, musculoskeletal, rheumatic, cardiovascular and other complex conditions. Its rehabilitation programs include joint replacement therapy, arthritis care, stroke recovery, pain management, wound care and more, each tailored to the unique needs of the patient. 

“There is a clear and growing need for high-quality post-acute care facilities in Riverview, and this project directly answers that call,” said Joe Fogarty, our Vice President of Healthcare Development. “As our healthcare sector continues to expand nationwide, developments like this, especially in partnership with trusted partners like Exalt Health, demonstrate our commitment to delivering purpose-built spaces that truly serve the communities they are in.” 

The Riverview project is part of our growing national healthcare portfolio and marks a continued presence in the Florida market, where the company has successfully delivered numerous projects over the past two decades.