Cobalt Medical Development and Hicks Ventures are co-developing the Cobalt Rehabilitation Hospital of El Paso Texas which is scheduled to open 2018. Dallas based Cobalt Rehabilitation Hospital is a market leader in physical rehabilitation hospital operations which includes traumatic brain injury, concussion centers of excellence. Cobalt hospitals are known for upscale, hotel-like amenities and quality patient care with ease of access and parking. Cobalt’s philosophy is to get patients up and around and create a non-hospital like atmosphere that fosters faster healing in addition to outstanding patient care. The hospitals are designed to cater to family members by providing pleasant common areas, Wi-Fi, natural lighting and abundant seating areas for continued family interaction. Cobalt’s goal also is to provide healthcare professionals a state of the art workshop where they can practice their trained skills. The site is located at 1700 E. Cliff and the buyer was represented by SVN Fortune Real Estate.