The former Pioneer Community Hospital of Patrick County has a new owner, according to a deed filed in Cook County Illinois on October 30.
Wolf of Wabash, LLC, an Illinois limited liability company, sold the property for $599,000 to Stuart Property Acquisition Company, LLC, a Virginia limited liability company.
The 10.08-acre tract located within the Town of Stuart in the Mayo River Magisterial District of Patrick County had an assessed value of $4,534,400.
Phillippe Joseph, the sole member of Wolf of Wabash, acknowledged the deed on behalf of the company.
Based in Roanoke, Stuart Property Acquisition Company, LLC, filed with the State Corporation Commission on September 12. The business’s principal office address is 10 Franklin Road SE, Ste 900, Roanoke.
Clark H. Worthy is listed as the company’s organizer and registered agent. The deed was prepared by Gentry Locke, Attorneys, a law firm in Roanoke. Covenant Real Estate Services served as the deed’s settlement agent.
Located at 18688 Jeb Stuart Highway, the 63,000-square-foot building was once a 50-bed regional hospital and featured an emergency room, exam and trauma rooms, radiology, clinic/medical officers, and operating rooms.
The hospital closed after Pioneer filed for bankruptcy in 2016, and Virginia Community Capital (VCC) purchased the property for $5.7 million at an auction in 2019.
Foresight Hospital and Health Services acquired the property in 2022, and initially announced it would reopen the hospital as a stand-alone psychiatric and drug treatment hospital. The company then said it would work to provide general hospital services and emergency care.
In 2023, the Foresight offered to donate the property to Patrick County in exchange for $815,000, which was about half of the costs the company had incurred. The county declined the offer.
In March 2024, Wolf of Wabash, LLC, purchased the property for $1.6 million from Foresight HS Property Holdings – Blue Ridge, LLC. The online auction for the property started in September 2024.
Worthy could not be immediately reached for comment.
