Intuitive Health Picks Developers to Build New Medical Properties Across US
Intuitive Health has chosen medical office development firms Rendina Healthcare Real Estate of Jupiter, FL and Anchor Health Properties to develop Intuitive’s pipeline of healthcare properties on a build-to-suit basis.
PLANO, TX—Health care system operator Intuitive Health has selected two development firms to undertake new build-to-suit projects on more than 40 healthcare facilities across the country.
Intuitive Health has chosen medical office development firms Rendina Healthcare Real Estate of Jupiter, FL and Anchor Health Properties to develop Intuitive’s pipeline of healthcare properties on a build-to-suit basis. Anchor Health is headquartered in Charlottesville, VA and has offices in Philadelphia; Knoxville, TN; Nashville; Washington, DC and San Diego.
The facilities will consist of co-located urgent care/emergency care outpatient healthcare facilities operated in joint ventures and management arrangements between Intuitive Health and leading hospitals and health systems across the US.
JLL’s Capital Markets team based in Philadelphia that represented Intuitive Health in the deals was led by managing directors Ben Appel and Andrew Milne, as well as managing directors Zach Holderman and Daniel Turley, who will assist with debt financing.
“These highly innovative hybrid facilities eliminate the need for patients to self-triage or make an appointment with their physician,” Appel says. “Payers and employers benefit from lower ER utilization with lower costs, and health systems benefit from increased market share and expanded access to care.”
Earlier this month, Anchor Health Properties announced it had recently invested in two Class A medical office buildings in separate off market transactions—the Peachtree Professional Center in Peachtree City, GA and the Edmonds Medical Center in Edmonds, WA.
The two story, 45,000-square-foot Peachtree Professional Center was built in 2011 featuring ownership by several key physician practices of complementary specialties and is currently anchored by Piedmont Healthcare. The facility features a modern brick and glass façade, and is located on State Highway 54 West, which bifurcates the Peachtree City community.
The Edmonds Medical Center is located adjacent to the Swedish Health Edmonds Hospital Campus. The 32,000-square-foot, two story best in class building was originally built in 2012 for local physicians and was later leased by The Everett Clinic, a wholly owned subsidiary of UnitedHealth Group. The building houses a CON-governed ambulatory surgery center and imaging suite.