Navigation Links
Lillibridge Acquires Advocate MOBs
Date:8/20/2013

Chicago, IL (PRWEB) August 20, 2013

Lillibridge Healthcare Services, Inc. (Lillibridge), the nation’s largest owner and manager of medical office buildings (MOBs) and a wholly owned subsidiary of Ventas, Inc., has acquired a 409,000 square foot MOB portfolio located on the campuses of five Advocate Health Care hospitals in the Chicago area.

Seven MOBs are included in the transaction, more than doubling the amount of Advocate-affiliated medical office spaced owned and managed by Lillibridge to 790,000 square feet.

The properties are on the campuses of: Advocate Good Samaritan Hospital, Downers Grove; Advocate Good Shepherd Hospital, Barrington; Advocate Christ Medical Center, Oak Lawn; Advocate South Suburban Hospital, Hazel Crest; Advocate Trinity Hospital, Chicago.

Chicago-based Lillibridge now owns and manages 19 buildings totaling 790,000 square feet on six Advocate campuses, as well as several affiliated sites.

“We have developed a strong relationship with Advocate, and an understanding of their mission and values, after many years of collaborating with them on several projects within their system, hospitals and the Advocate Medical Group,” said Todd W. Lillibridge, President and CEO of Lillibridge Healthcare Services and Executive Vice President (EVP) Medical Property Operations of Ventas. “This MOB portfolio acquisition is another important step towards achieving our mutual goal of implementing and supporting today’s outpatient-focused healthcare delivery models.”

Advocate Health Care is recognized as one of the nation's top 10 health systems, and it is the largest integrated health system with the most extensive physician network in Illinois.

“This acquisition of high-quality medical office buildings supports our strategy of owning and managing healthcare assets affiliated with market-leading hospitals and health systems,” added Vincent M. Cozzi, Senior Vice President, Ventas.

Since 2010 Lillibridge’s parent company, Ventas, has invested $14 billion in healthcare and seniors housing assets, including 280 medical office and outpatient facilities.

About Lillibridge and Ventas

Lillibridge has been a leader in the healthcare real estate industry for nearly three decades. The company provides management and leasing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. Lillibridge’s portfolio spans 400+ owned and managed MOBs totaling nearly 21 million square feet across 29 states, 169 cities and 163 markets. Lillibridge is a wholly owned subsidiary of Ventas Inc., an S&P 500 company and a leading real estate investment trust. Its diverse portfolio of more than 1,400 assets in 47 states (including the District of Columbia) and two Canadian provinces consists of seniors housing communities, skilled nursing facilities, hospitals, medical office buildings and other properties. More information about Ventas and Lillibridge can be found at http://www.ventasreit.com and http://www.lillibridge.com.

###

Read the full story at http://www.prweb.com/releases/Lillibridge/AdvocateAcquisition/prweb11030806.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. 23andMe acquires CureTogether, Inc.
2. Oxford University Press acquires joint ownership of Journal of Surgical Case Reports
3. Oxford University Press acquires American Journal of Hypertension
4. Visiopharm Acquires Digital Pathology Consultants
5. USHEALTH Group, Inc. Acquires Enterprise Life Insurance Company
6. Crystal Travel Center in Thousand Oaks Acquires New Cruise Deal to Help Members Travel More
7. HealthSmart Acquires Mountain States Administrative Services
8. The Center for Wound Healing, Inc. Acquires Assets from Restorix Health
9. Intellitec Solutions Acquires Pennsylvania Microsoft Dynamics Practice
10. Avamere Family of Companies Acquires Six Transitional Care Facilities, Expands Eastward into New Post-Acute Markets.
11. Techware Distribution Acquires CD and DVD Printing, Duplication and Flash Drive Printing Business from Cool International
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/28/2016)... ... 28, 2016 , ... May 26, 2016- In search of the K. Warriors, ... event of “K Warriors” on June 4, 2016 at Ashbury Hotel and Suites 600 ... sponsored and hosted by Shaolin Institute and sanctioned by KSF (Kungfu Sanda Federation), This ...
(Date:5/28/2016)... , ... May 28, 2016 , ... In a part of the city where’s it’s ... new farm-to-table Kelowna restaurants is hoping to attract diners with a taste for ... Suites officially opened the doors to Cornerstone Grill, an urban casual restaurant focusing on ...
(Date:5/27/2016)... ... May 27, 2016 , ... Southland Log Homes , designer ... timber frame barn kits, which can be found on its website at SouthlandLogHomes.com. , ... barn plans, and they highlight the craftsmanship of timber post and beam construction. ...
(Date:5/27/2016)... ... May 27, 2016 , ... W.S. Badger Co. ... today that it has been recognized as one of the best small businesses for ... named as one of nine small businesses providing progressive benefits to new parents on ...
(Date:5/27/2016)... ... May 27, 2016 , ... With over 60 percent ... the demand for a sustainable product to aid in the rehabilitation process has steadily ... the recovery of individuals with hemiplegia due to stroke. , Ekso Bionics has now ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... SPRINGS, Florida , May 25, 2016 ... Business Conference & Expo earlier this month, the numbers ... As revenues continue to climb into the billions, more ... the newly released 4th Edition State of Legal Marijuana ... Frontier, a cannabis-focused data-analysis firm, much of the increase ...
(Date:5/25/2016)... , May 25, 2016 Digital Health ... to it by the US Patent and Trademark ... technology includes proprietary processes for electronic opt-­in and ... and wellness programs, HIPAA compliance and otherwise. ... "Our technology allows for ...
(Date:5/25/2016)... , May 25, 2016 ... the precision of circulating tumour DNA (ctDNA) analysis ... the appointment of Professor Clive Morris ... leadership across the clinical development programme, scientific collaborations, ... help deliver significant improvements in clinical outcomes for ...
Breaking Medicine Technology: