Bob Stephens hired as Lillibridge VP of Mid-Atlantic and Northeast Business Development

MR. STEPHENS HAS 13 YEARS OF EXPERIENCE IN HEALTHCARE REAL ESTATE

Chicago, July 16, 2008 – Chicago-based Lillibridge, one of the nation's largest private healthcare real estate firms, is continuing its plans for growth and expansion across the United States, by hiring Bob Stephens as VP of Business Development for the Mid-Atlantic and Northeast regions.

"Bob Stephens will be a great asset for our business development efforts," says Todd W. Lillibridge, Chairman and CEO of the healthcare real estate firm Lillibridge. "His experience in this industry will be invaluable, especially when it comes to representing Lillibridge to potential clients in development deals as well as projects for the rest of our service lines."

Mr. Stephens has more than 13 years of experience in the healthcare industry.  Most recently he served as the Director of Business Development for Marshall Erdman & Associates, where he created and implemented strategic sales plans identifying key markets for design and construction of healthcare facilities.

 "Successful business development requires a multi-disciplinary approach beyond just a ‘sale to a customer'," says Mr. Stephens. "I have always believed that strong customer relationships are the cornerstone to continued growth, and a company like Lillibridge can bring a great deal of value to any client. With help from the talented team of professionals at Lillibridge, I am looking forward to offering our clients in the Mid-Atlantic and Northeast regions expert solutions to the problems they face today."

As VP of Business Development, Mr. Stephens will represent Lillibridge to potential clients. His day-to-day priorities will include gathering marketing information and securing opportunities for Lillibridge to propose its services. He will also serve as a relationship manager and maintain contact with client hospitals and administrative teams.
 
Mr. Stephens earned a degree from the Luther College in Decorah, Iowa, and is a licensed pilot who volunteers his time to fly critically ill children to hospitals across the country for a charitable organization called Angel Flight.

ABOUT LILLIBRIDGE
Lillibridge offers a full complement of real estate services and capital, exclusively to hospitals and healthcare systems. The company's services include buying and developing medical office and outpatient / ambulatory care facilities, hospital project management for building or renovating inpatient and acute care hospitals, asset and property management services, and advisory services for strategic, financial and operational real estate issues. Lillibridge's national scope encompasses more than 250 hospitals and healthcare systems across more than 40 states, including 6,000 physicians and hospital tenants, and approximately 10 million square feet of medical property. Headquartered in Chicago, Lillibridge has multiple regional offices and more than 200 dedicated employees. For more information, please visit us online at http://www.lillibridge.com/ or call (312) 408-1370.