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News release

Chicago, IL

Jones Lang LaSalle Appoints Scot Latimer to Lead Healthcare Solutions Capital Asset Strategy Platform

Industry-leading expert named Managing Director to focus on healthcare facility planning


CHICAGO, Jan. 18, 2010–Jones Lang LaSalle today announced it has bolstered the firm’s Healthcare Solutions platform with the hiring of noted industry expert Scot Latimer to lead the firm’s Capital Asset Strategy business.  Latimer will join the Healthcare Solutions leadership team and provide advisory services to hospital and healthcare institution boards and leaders related to improving the performance of their facilities. 

Capital Asset Strategy covers a broad spectrum of activities, including strategic facility planning, functional and operational planning, and related investment analysis with a special emphasis on improving an organization’s cost of occupancy through facility solutions.

Latimer’s hiring comes on the heels of several significant new investments the Healthcare Solutions group is making to grow its business, including the recent appointment of Peter Bulgarelli as Chief Operating Officer and the hiring of industry-leader Richard Taylor as a Managing Director for Business Development.

“Jones Lang LaSalle has an industry-leading Healthcare Solutions business to respond to the growing demands in the healthcare sector.  Scot’s innovative approach over the past 25 years has won him numerous honors and accolades and his expertise in providing advisory services to C-suites and boards is held in the highest esteem throughout the industry,” said Peter Bulgarelli, Chief Operating Officer of Jones Lang LaSalle’s Healthcare Solutions group.  “Bringing Scot on board adds to our strategic capability to serve this dynamic industry.  This is an indication to our clients and the industry that the firm will settle for no less than the best to lead our healthcare platform.”

Added Latimer, “Healthcare has traditionally underperformed other industries in terms of return on investments in facilities, and our hospital infrastructure is aging rapidly.  Organizations will be increasingly challenged to increase efficiency and seek new solutions that free capital for other investment needs.  The planning of the recent past won’t get us to where we need to be as an industry or as a society:  breakthroughs are needed.  Jones Lang LaSalle’s global platform will allow our healthcare institution client base to apply lessons from other industries, access state of the art expertise in planning and execution, and enhance system performance with an unbiased eye towards future success.”

Latimer asserts that whatever the eventual direction of healthcare reform, the fact remains that as a country we are growing and aging, and we’re on the move.  The United States is expected to add 67 million people in the next 20 years.  Americans are migrating to the south and west, and we will need to build capacity—hospitals—to care for the demand in those regions.  By some estimates, as many as 180,000 new beds will need to be built in just six states in the next 20 years - almost a 175-bed hospital every week.  At the same time, there will be excess capacity—lots of it—in some states in the north and east.  “Wise investment counsel will be needed in both growing and restructuring markets, and how we address these fundamental changes will help curb or accelerate the cost of healthcare to all of us,” continued Latimer.

For more than 20 years, Latimer built a successful career at a major healthcare consultancy.  He is a frequent writer and sought-after speaker on the topic of healthcare facility planning, both in the United States and abroad. Trained as an architect, Latimer has been active throughout his career with the AIA Academy of Architecture for Health, assuming progressive levels of leadership within the organization and eventually serving as its President.  He is also a founding member of the American College of Healthcare Architects.  As a graduate of the University of Virginia with a Bachelor of Science in Architecture, and Master of Business Administration and Master of Architecture degrees from the University of Illinois, his career has been dedicated to advising organizations on effective business decision-making.

About Jones Lang LaSalle Healthcare Solutions

Jones Lang LaSalle’s National Healthcare group works with hospitals and health systems throughout the nation delivering program management, strategic consulting, financial strategy, transaction and sustainability advisory services and facilities and property management.  Through its work, the Healthcare group drives efficiencies and enhances quality through the unrealized potential of real estate assets and infrastructure.

 About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.