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:2/5/2016)... ... February 05, 2016 , ... Successful recruitment ... new clinical and scientific initiatives have all marked the last 12 months at ... and CEO of the nation’s oldest cancer center, Candace S. Johnson, PhD, outlined ...
(Date:2/5/2016)... York, New York (PRWEB) , ... February 05, 2016 , ... ... life? The answer may be at the tips of your toes. Foot massage, whether ... as well as pure comfort and relaxation. The American Board of Multiple Specialties ...
(Date:2/5/2016)... ... February 05, 2016 , ... US Sports Camps ... in Dover, NH to direct high-performance kids yoga training. ChildLight Yoga Studio is centrally ... one hour from Boston. , ChildLight Yoga Studio founder Lisa Flynn expresses her excitement, ...
(Date:2/5/2016)... ... February 05, 2016 , ... Give To Cure ... search for and donate to Give To Cure’s campaign that is crowdfunding clinical trials ... users make and share payments through a smart device. In 2015 alone, Venmo processed ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... Dr. Justin ... announce their 2nd Annual No Cost Dental Day to individuals in need. The event ... purpose of this No Cost Dental Day is to provide dental care to community ...
Breaking Medicine News(10 mins):
(Date:2/4/2016)... , Feb. 4, 2016  SciClone Pharmaceuticals, Inc. ... it has entered into a settlement agreement with ... fully resolving the SEC,s investigation into possible violations ... the terms of the settlement agreement, SciClone has ... including disgorgement, pre-judgment interest and a penalty.  This ...
(Date:2/4/2016)... Feb. 4, 2016 Global Immunology Market ... to drive long-term market growth Summary ... of chronic disorders that affect 5–7% of western ... of their symptoms and key patient demographics, they ... immune pathways and an inappropriate immune response. Generally, ...
(Date:2/4/2016)... DIEGO, Feb. 4, 2016  Aethlon Medical, Inc. ... affinity biofiltration devices to treat life-threatening diseases, today ... 2016 ended December 31, 2015. ... objectives set forth in our last quarterly call, ... reinforce our long-term objective to establish the Aethlon ...
Breaking Medicine Technology: