UNT HEALTH SCIENCE CENTER CLOSES ON FORMER OMCT PROPERTY

April 15, 2005

On April 14, the University of North Texas Health Science Center took possession of the former Osteopathic Medical Center of Texas property.

Before any plans for the property can be made, the health science center will commission a master plan. The master planning process is expected to take at least three months.

â??The purchase of this property gives the health science center the ability to plan for its long-term growth,â? said Ronald Blanck, DO, president of the health science center. â??This is a very exciting time for us, and we look forward to working with the Fort Worth community as we move forward in our master planning process.â?

The property was purchased from Robert Patton who bought it at a foreclosure auction Feb. 1. Ronald Blanck, DO, president of the health science center, began negotiations with Patton shortly after the purchase.

â??Weâ??ve been very happy to work with Mr. Patton, whose appreciation for the health science center has allowed us to purchase the former OMCT property for less than other offers that he had received,â? Dr. Blanck said.

Dr. Blanck was given authorization to negotiate for the purchase of the former OMCT property by the UNT System Board of Regents Jan. 21 during a telephone meeting.

The Texas Higher Education Coordinating Board then authorized Dr. Blanck to enter into negotiations for the property at its regularly scheduled meeting Jan. 27.

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Contact: Kay Colley 817-735-2553, cell 817-980-5090, e-mail kacolley@hsc.unt.edu.

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