SAN FRANCISCO-HealthMedica Inc., based here, has formed a national alliance with HCP Inc. to establish a national network of 75 Longevity Medical Centers addressing the spectrum of age-related disorders. Deal terms were not disclosed; the transaction is said to be in the nine-figure range.
“Accelerating HealthMedica’s national clinic program is our access to HCP’s massive portfolio of healthcare real estate in the US, enabling optimal targeting of Longevity Centers across the widest geographic landscape, and assures HealthMedica’s access to the 80-million US Boomer demographic,” says Nathan Sassover, founder and CEO of HealthMedica. He adds that the alliance with HCP, the largest REIT in the healthcare space, was created “in ‘stealth mode’ over the past 18 months,” maintaining “an intentionally low profile during strategic targeting of US metro locations with our clinic development team in Dallas, CASE Corporate Realty Advisers.”
The extent of the alliance has gone unreported until now, although a Holladay Properties news release last month stated that the firm had arranged a 4,100-square-foot lease for HealthMedica at an HCP-owned property in the Chicago suburb of Northbrook, IL. Other metro areas covered by the rollout include San Francisco, where HealthMedica is based at 22 Battery St.; Dallas-Fort Worth; Houston; Las Vegas; Los Angeles; Minneapolis; Orlando; Phoenix; Salt Lake City; San Diego; San Jose; Seattle; Tucson; Tampa-St. Petersburg; Tulsa, OK; and Washington, DC.
The longevity/anti-aging market has been projected at $292 billion globally by 2015. HealthMedica’s alliance with HCP is intended to establish a network of medical centers that address the most compelling areas of concern for aging Americans, including neurodegenerative disorders, cancer and auto-immune and inflammatory diseases.