JLL advises Intuitive Health on developer selection for a pipeline of healthcare facilities
Intuitive Health to develop pipeline of outpatient hybrid ER and Urgent Care facilities across the U.S.
PHILADELPHIA, January 15, 2020 – JLL Capital Markets announced today that it has advised Intuitive Health and its network of hospitals and health systems on the selection of development partners for its growing pipeline of over 40 outpatient healthcare facilities on a build-to-suit basis across the United States over the next few years. 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 U.S.
Rendina Healthcare Real Estate and Anchor Health Properties, both nationally recognized, leading medical office development firms, were selected independent of one another to develop Intuitive’s pipeline of medical properties, which are widely considered to be a first-to-market concept in healthcare delivery.
JLL’s Capital Markets team representing Intuitive Health 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 said. “Payors and employers benefit from lower ER utilization with lower costs, and health systems benefit from increased market share and expanded access to care.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Founded in 2008, Intuitive Health changed the way patients accessed ER and urgent care by providing emergency and urgent care under the same roof, accessed by the same entrance and offered in highly convenient retail locations. Intuitive has built an exceptional customer service model, with industry-leading satisfaction ratings. Intuitive saves patients, payors and employers millions of dollars each year by eliminating inappropriate emergency room utilization. Intuitive partners with leading health systems nationwide to build, operate, and launch combined ER and UC retail-located facilities. Please visit IHERUC.com for more information