Healthcare Joint Venture Building $400M Sherman Hospital

The Community Hospital Corporation will helm development of the $400 million Heritage Regional Medical Center.  The nonprofit facility will be near the Heritage Ranch master-planned community at Hwy. 82 and FM 1417. 

The initial phase of the HRMC development will include 100 inpatient beds and the infrastructure to support future expansion of all major departments – surgery, imaging, emergency, and outpatient services – with capacity for up to 200 additional inpatient beds. HRMC will employ over 400 employees in the initial phase and future expansion will increase the employee count to over 1,000.

This landmark project is a partnership between CHC and several key community stakeholders, including The City of Sherman, Grayson County, First United Bank, Simmons Bank, First State Bank, two prominent tribal nations, the WNJ Health Foundation, the Texoma Community Foundation, and Covenant Development. ADAMS Management Services Corporation will serve as the owner’s representative overseeing construction and ESa will design the facility.

Construction is slated to begin in 2026. 

From capital markets and investment strategies to development trends, leasing, and the evolving needs of healthcare providers, Connect Healthcare Real Estate 2025 dives into the most pressing issues shaping the sector, exploring how demographic shifts and economic forces are driving opportunity. Join us October 14–15, 2025, in Irvine to get ahead of what’s next in healthcare real estate:  www.ConnectHealthcareCRE2025.com