X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MONTVILLE TOWNSHIP, OH-Signet Healthcare has partnered with the Akron, OH-based Summa Health System to build a 100,000-square-foot medical office here. The new Health Center at Lake Medina, which straddles this township and Lake Medina Township, will be owned by Signet, also based in Akron, and leased long-term to Summa and the NorthEast Ohio Management Service Organization, a group of more than 70 doctors from the region. The venture recently broke ground on the project.

Clifford Deveny, president of Summa Physicians Inc., tells GlobeSt.com that his firm will occupy most of the building. The other offices will be leased out multi-tenant, he says.

When finished in spring 2010, the building will offer outpatient services, a physician medical office building and an ambulatory surgery center, as well as onsite diagnostics, physical and occupational therapy and lab services. “It’s expensive to build a hospital. The trend these days is to build office buildings that can offer these services to residents,” Deveny says. The project is about a mile from Medina General Hospital.

The new center is on 10 acres, with another 20 acres secured to allow for future development. The Medina area has a lot of demand for medical services, Deveny says. “The northeast is one of the fastest growing areas in the state,” he says.

Deveny and Signet would not reveal the construction price. Summa is also behind the new $100 million Crystal Clinic Orthopedic Center in Akron, a five-story facility going up near Akron City Hospital.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.