ML Healthcare, LP
ML Healthcare, LP is an ongoing project in which 31 investors contributed $15,500,000 to fund a two-phase hospital-related development in rural Rabun County, Georgia. The first phase is complete and involved the modernization of Mountain Lakes Medical Center. The second phase is just getting underway and the EB-5 funds will be used to build a new hospital on nearby vacant land. The new hospital will be state-of-the-art and certain the nicest one in the area. Investors enjoyed a 100% success rate at the I-526 stage (although two remain pending as of September 2014) and early investors began filing I-829 petitions in late 2014.
The project has already created 276 jobs, and construction on the new facility expects to create an additional roughly 125 more, so the total job creation for the ML Healthcare project is likely to be over 400. This project is being conducted in cooperation with the InMed Group, which is also a part of the CCHS project. Interestingly, there is a third segment to this project that will represent an entirely new EB-5 project in 2015 – EB-5 investors will be sought to take part in the repurposing of the old hospital to a senior living facility once construction on the new one is complete.