Memorial Hermann Health System has acquired 40.3 acres in Waller County, hinting at future growth but keeping plans under wraps for now.
WALLER, Texas — Memorial Hermann Health System has scooped up a 40.3-acre property in the fast-growing Waller area, allowing for future expansion along U.S. Highway 290.
The property previously was part of Houston-based Wolff Cos.’ 587-acre Beacon Hill master-planned development.
The terms of the sale were not disclosed.
“The Cypress and Waller communities are experiencing significant growth, and Memorial Hermann is committed to meeting the healthcare needs of its residents,” Jerry Ashworth, senior vice president and CEO of Memorial Hermann Cypress Hospital and Memorial Hermann Katy Hospital, said in a statement. “We believe that acquiring this land is a wise investment for our organization. It will allow for future growth and enable us to explore opportunities that could benefit both our stakeholders and the community.”
Memorial Hermann has not detailed what it plans to do with the land, but the health system built a new hospital on a 32-acre site it acquired about 17 miles south on U.S. 290.
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