Development
Development
BY STEVE GUNTLI & SAM SCHAFFER
BY SAM SCHAFFER
Ascension Seton buys Cedar Park Regional Medical Center Hospital sta will get more training and education opportunities, and the chance for career growth, Youssef said. What they’re saying 183A TOLL
Cedar Park’s Fire y Aerospace to go public Fire y Aerospace, the Cedar Park-based space and defense rm that recently completed a suc- cessful moon landing, announced on July 11 that it would become a publicly-traded company with the launch of its initial public o ering. Zooming in The dates and details of the IPO are still pend- ing. The company announced August 6 that it would be releasing 19,296,000 shares at $45 each. Fire y announced it would be ling a Form S-1 registration statement with the Securities and Exchange Commission for an IPO of its stock. The company con rmed in a press release that the ticker symbol on the Nasdaq Global Market will be “FLY.” Goldman Sachs, J.P. Morgan, Je ries and Wells Fargo Securities will be the primary managers for the proposed o ering.
Cedar Park advances park improvements Cedar Park City Council on July 10 autho- rized an agreement with Millis Development to complete the Brushy Creek Sports Park Improvements Project. The six-month project is expected to cost $1.73 million, according to city documents. A closer look The project calls for improvements to the softball eld’s drainage system, a parking lot expansion and a new maintenance building.
Ascension Seton took full ownership of Cedar Park Regional Medical Center on July 1. The renamed Ascension Seton Cedar Park is operating in the same space with largely the same sta at 1401 Medical Parkway in Cedar Park. Two-minute impact Jamie Youssef, president and CEO of Ascension Texas, said adding Cedar Park to the company’s network of 14 hospitals in the Austin area will have bene ts for both sta and patients. Youssef said patients will be seeing some changes at the facility. “Look for modernization and technology, further- ing patient care areas, additional access points, the ability to tie patients into a system of care if they have a need that may not be met locally,” Youssef said. Being part of a system like Ascension Seton means the Cedar Park facility will have access to improved protocols, best practices, shared clinical experience and expanded support, Youssef said.
Anne Du y, Cedar Park City Council member, said Ascension Seton puts a focus on maintaining holistic health in the areas they operate, ensuring the right resources are in place when someone needs medical care. What else? Ascension Seton announced in April it would be taking over the hospital. At the time of the announcement, the Cedar Park facility had 126 beds and two 24/7 emergency departments. Youssef said July 1 that there were no current plans to expand the facility, but noted Ascension Seton is always looking at how to adapt to patient needs.
C BAR RANCH TRL.
Engineers assemble components for the Blue Ghost 1 lunar lander at Fire y’s facility in Cedar Park.
N
COURTESY FIREFLY AEROSPACE
“This partnership and this acquisition is going to be so valuable to our community and people’s
Why it matters The IPO will allow Fire y to become a pub- licly-traded company on the New York Stock Exchange. Private companies will often go public to raise capital for growth and to increase their public pro le, and are subject to much stricter government regulations.
W. PARMER LN.
long-term health.” ANNE DUFFY, CEDAR PARK CITY COUNCIL
Brushy Creek Sports Park
183A TOLL
N
HYMEADOW 12611 Hymeadow (512) 506-8401
NORTH 620 10601 N FM 620 (512) 506-8316
CEDAR PARK 13530 Ronald Reagan Blvd (512) 986-7681
ARBORETUM 10515 N Mopac Expressway (512) 342-6893
Powered by FlippingBook