joining forces

Station Houston merges with statewide startup investor and accelerator

Station Houston and Capital Factory have merged, and the conglomerate will move into The Ion when it opens next year. Courtesy of Rice University

Station Houston and Austin-based Capital Factory announced that they will be combining forces through a merger effective immediately.

Capital Factory will power all of Station Houston's membership and mentorship, including startup-focused services, as well as add its own statewide resources, which include investors, mentors, and more.

"The more high quality startups we have across a diverse range of industries, the more investors, big companies, and big government want to get involved," Gordon Daugherty, co-founder and president, says in a news release, relating the collaboration to Metcalfe's Law. "Uniting with Station Houston will see benefits run both ways."

The combined entity, referred to as "Station Houston, powered by Capital Factory," will operate out of 1301 Fannin St., where Station currently resides, before moving into the Ion when it's completed, which is slated to be early next year.

"As we continue to develop our innovation economy in Houston and prepare for the opening of the Ion in January 2021, there is no better partner than Capital Factory to serve the needs of our entrepreneurs," says Gabriella Rowe, executive director of The Ion. "For years, they have demonstrated their commitment to startups across Texas, helping them build their ideas through mentorship and introducing them to venture capital from around the country."

Capital Factory was founded in Austin in 2009, and entered into the Houston market last year. Currently, The Cannon has a dedicated space for Capital Factory and its portfolio clients and employs two people in Houston. Capital Factory also has a presence in Dallas.

Station Houston was founded in 2016 and has over 200 startups, 400 members, and 130 mentors, according to the release.

"Capital Factory is one of the top startup development organizations in the country. By partnering with Station Houston and expanding their footprint into the Ion, their commitment to Houston's entrepreneurs is clear," says Harvin Moore, president of Houston Exponential, in the news release.

"It's a win for Houston's startups and for our booming ecosystem," Moore continues. "Increasing bridges between Texas' major tech ecosystems has enormous synergistic value, and I am thrilled to see Houston and the Ion play a significant role in building such competitive strength."

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Building Houston

 
 

Here's how these Houston health care institutions ranked compared to the rest of the country. Photo by Dwight C. Andrews/Greater Houston Convention and Visitors Bureau

It’s a three-peat for Houston Methodist Hospital.

For the third in a row, Healthgrades has named Houston Methodist the best hospital in Texas and one of the 50 best hospitals in the country. It’s the only Texas hospital in the top 50. Houston Methodist, a 907-bed facility at the Texas Medical Center, earned the same recognition in 2020 and 2021.

Four other hospitals in the Houston area made Healthgrades’ list of the top 250 hospitals in the U.S.:

  • Baylor St. Luke’s Medical Center
  • Houston Methodist Baytown Hospital
  • Houston Methodist Willowbrook Hospital
  • Memorial Hermann – Texas Medical Center

Four Houston hospitals also excelled in several of Healthgrades’ specialty categories:

  • Memorial Hermann Memorial City Medical Center, No. 3 in the state for heart surgery.
  • Memorial Hermann – Texas Medical Center, No. 1 in the state for stroke care and No. 2 for coronary intervention.
  • Houston Methodist Hospital, No. 2 in the state for critical care and No. 2 for pulmonary care.
  • Texas Orthopedic Hospital, No. 1 in the state for joint replacement.

Healthgrades, an online platform for finding physicians, hospitals, and other health care providers, rates hospitals based on clinical outcomes such as rates for patient deaths and treatment complications. For this year’s list, Healthgrades evaluated clinical performance at nearly 4,500 hospitals.

“For almost 25 years, our mission has been to provide consumers with clear and accessible information to make more informed health care decisions,” Dr. Brad Bowman, chief medical officer and head of data science at Healthgrades, says in a news release.

The Healthgrades rankings “provide consumers with increased transparency regarding the care in their areas, and empowers them to make more confident care decisions for themselves and their families,” Bowman adds.

For Houston Methodist, kudos like those from Healthgrades are common. For instance, the hospital last year landed at No. 16 on U.S. News & World Report’s national honor roll for the best hospitals, up from No. 20 the previous year. It was the top-rated Texas hospital on the list.

“These national accolades are something to be proud of, but most important, our patients are benefiting from all of our hard work. Ultimately, they are the reason we need to be one of the best hospital systems in the country,” Dr. Marc Boom, president and CEO of Houston Methodist, said last year in a news release about the U.S. News award.

The Healthgrades honor is one of several pieces of good news for Houston Methodist this year.

The hospital recently unveiled plans for the 26-story Centennial Tower. Scheduled to open in 2027, the $1.4 billion tower will include a larger emergency department and hundreds of patient beds, among other features. The new tower will replace the Houston Main building and West Pavilion.

Shortly after that announcement, the Houston Methodist system said it had received an anonymous $50 million gift. It’s the second largest donation in the system’s 102-year history.

Joining Houston Methodist Hospital in Healthgrades’ national top 250 this year are:

  • Baylor Scott & White Medical Center – McKinney
  • Baylor Scott & White Medical Center – Temple
  • Doctors Hospital at Renaissance in Edinburg
  • Hendrick Medical Center in Abilene
  • Medical City Arlington
  • Medical City McKinney
  • Methodist Hospital in San Antonio
  • St. David’s Medical Center in Austin
  • St. David’s South Austin Medical Center
  • William P. Clements Jr. University Hospital in Dallas

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