Who are the Owners of South Padre Island Medical Facilities LLC? Part 2 of a multi-part series by Sarah-Victoria Lozano |
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The SPI Med-Center project is not progressing because lead investor Samuel B. Wilkinson relocated to Utah and cut off communication with Dr. Joe Ybarra and at least one other investor who reached out to Island Matters. Without a Hospital
An island with one bridge and no hospital risks residents and tourists dangerously vulnerable and at the mercy of traffic on the causeway. When extreme emergencies occur, many are left with what first responders call "the golden hour" of racing to hospitals in other cities more than an hour away. Access to urgent and emergency care for the public is a necessity, not a luxury. |
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The Property
The Cameron County Appraisal District website shows 100% ownership of the ideal hospital location belonging to South Padre Island Medical Facilities LLC with a 6601 Cypress Dr. Ste 225 Spring TX US 77379-7893 mailing address. The General Warranty Deed signed on Feb. 14, 2020, was from Dalor Limited Partnership to South Padre Island Medical Facilities LLC.
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| Legal Description: PADRE BEACH SUBDIVISION VII LOT 1 BLK 92 C1-2362-B REPLAT. (Highlighted in orange) |
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One week earlier, however, a new LLC was formed. The Certificate of Formation dated Feb. 7, 2020, showed Exponent Ventures LLC, based in Lehi, Utah, as the manager's business name and information. The signed organizer on the document is Samuel B. Wilkinson. David Suissa is Dalor Limited Partnership's Registered Agent with the Texas Secretary of State. According to Dr. Ybarra, he and Suissa made an agreement three years ago to sell the property at a below-market price to quickly get a hospital on SPI. |
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Secretary of State website filing |
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South Padre Island Medical Facilities LLC's Registered Agent on file with the Secretary of State is Compton & Associates PLLC, located at 6601 Cypress Dr., Suite Spring, TX 77379, USA. On Dec. 31, 2021, South Padre Island Medical Facilities LLC filed a Public Information Report to fulfill tax requirements. This document states the name is "Exponent" with an address in Lehi, Utah, signed by Samuel B Wilkinson on Mar. 10, 2021.
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South Padre Island Medical Facilities LLC filed a Public Information Report |
Signature of South Padre Island Medical Facilities LLC filed a Public Information Report |
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Compton & Associates PLLC The Registered Agent on Compton & Associates PLLC, located at 6601 Cypress Dr. Ste 225, Spring, TX US 77379-7893, is Matthew S. Compton Jr. According to the business and intellectual property law firm's website, Matthew S. Compton Jr. graduated Magna Cum Laude from the University of Houston Law Center.
When called, Compton gave little information and eventually hung up on this reporter, saying he did not know the owner.
"I absolutely do not own the land. I'm just the Registered Agent for it, and I don't have any comment beyond that," said Compton. |
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Exponent Ventures LLC Exponent Ventures LLC is no longer available on the Secretary of State’s website. Instead, there is only Exponential Capital Ventures LLC with a league of LLCs as registered agents leading to more LLCs and different names as Registered Agents.
[Island Matters is following this story] |
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