Good Shepherd Rehabilitation Network, the nation’s sixth largest rehabilitation provider, paid $8 million for 45 acres at the former Center Valley Club, a defunct golf course in Upper Saucon Township.
The network’s president and CEO called the purchase an investment and said there are “no immediate plans” for the property.
Good Shepherd has seen tremendous growth, more than quadrupling in size since 1997, growing from $45 million to a more than $200 million health network. The 45 acres the health network bought on Center Valley Parkway were a strategic purchase, although officials declined to say what they plan to do with it.
“The property’s central location, easy highway accessibility and other ongoing development in this corridor make it a desirable location and a judicious investment,” said John Kristel, president and CEO of Good Shepherd, in a statement.
The area near the former golf course, which is across from the Promenade Shops at Saucon Valley, is being developed for commercial purposes. In July, construction began on SpringHill Suites by Marriott, a $20 million, 135-room hotel in the Stabler Corporate Center. The hotel would rise five stories on a vacant patch of land next to Strayer University and the Fitzpatrick Lentz & Bubba law firm near the Route 309/Interstate 78 interchange.
Good Shepherd, founded in 1908 and based in Allentown, provides rehabilitative services for people with injuries, complex medical needs and physical and cognitive disabilities at 60 locations in eastern Pennsylvania and New Jersey. The network employs more than 2,100 people and treats more than 60,000 patients a year.
The company expanded in 2006 when it built the Good Shepherd Health & Technology Center at its south Allentown campus. In 2008, Good Shepherd became the majority owner of a joint venture with Penn Medicine in Philadelphia and provides all post-acute care for the Penn Medicine network.