The $10 million project, which will employ 120 at full operation, is a joint venture of Albuquerque-based On Pointe Health and developer Cauwels & Stuve Realty & Development Advisors. It’s On Pointe’s first property in New Mexico but not the last.
“We’re going to open a facility very similar to Las Estancias in Rio Rancho in January, across Unser from (Presbyterian) Rust Medical Center,” said company President and CEO Jeremy Martin.
Rio at Las Estancias has 80 beds for long-term or skilled nursing care and 40 private rooms for post-surgery recovery and rehab. Designed in a resort-type style, it has a coffee bistro and theater room.
Much of its staff has been recruited from the surrounding community, the company said in a news release.
“This is a tight-knit community, and we’re excited to be part of it,” Martin told the Journal. “It has a small-town feel, and we’ve gotten a lot of support.”
On Pointe was formed earlier this year by the merger of Heritage Management Services, which consists of partners Martin and Michael Hoskins, and WW Healthcare, which consists of partners Jerry Williamson and Horace Winchester. The company offers a range of services that patients can use through their senior years.
Martin and Hoskins will focus on the operations side, while Williamson and Winchester will focus on development and construction of new facilities.
“Those guys put up these beautiful settings,” Martin said. “Michael and I will use our expertise and all we’ve learned to match services to these beautiful settings.”
Rio at Las Estancias was built by local contractor Enterprise Builders with 90 percent of the labor and supplies sourced locally, the news release said.
Former New Mexico resident Troy Thayne has returned to serve as its administrator.