Lillibridge expands advisory practice
"Lillibridge Advisors" Assists Hospitals and Health Systems with Smart Growth Strategies
CHICAGO, Mar-15 2006 — Healthcare providers are increasingly recognizing the need for specialized expertise to help maximize the performance and strategic value of their real estate assets. Lillibridge, one of the nation's largest private healthcare real estate firms, has responded to this demand by forming Lillibridge Advisors. The new unit has combined the firm's existing Real Estate Advisory and Strategic Services practices to further enhance the menu of integrated real estate solutions for clients.
As part of this initiative, Lillibridge has named Margie McHugh, senior vice president, to head Lillibridge Advisors. Together with Richard Ferraro, vice resident of Lillibridge Advisors, the senior team will draw on their extensive healthcare real estate experience to expand the firm's ability to serve a growing client base. Over the last decade, McHugh, Ferraro and their staff have worked with numerous healthcare providers, including some of the nation's most prominent systems, such as Northwestern Memorial Healthcare, Ascension Health, CHRISTUS Health and Banner Health.
"More hospitals and health systems are calling upon Lillibridge Advisors when developing growth strategies for existing and future facilities," notes McHugh. " Assessing current assets has become a necessary prerequisite when making key portfolio expansion decisions," adds Ferraro.
"Lillibridge Advisors works with hospitals and healthcare systems to enhance the contribution of their real estate holdings in support of organizational goals, explains Todd W. Lillibridge, chairman and chief executive officer.
"Clients are increasingly seeking services that include real estate portfolio assessments to identify core and non-core assets and enhance financial performance of the properties. This can also include analysis of the financial impact of monetizing real estate assets, including evaluating options for physician investment in medical office buildings."
In addition, Lillibridge Advisors helps clients realize opportunities for market expansion through market and locational analysis, site acquisition and assemblage, and support of service line and facility planning. Lillibridge also assists clients in identifying opportunities to redevelop their real estate assets towards a highest and best use. "We can assist with disposition and recapitalization of surplus and non-strategic assets," adds McHugh.
"Lillibridge Advisors works closely with the firm's other service lines, including development, acquisition, and program management to offer clients a total solution to
their real estate needs," explains Todd W. Lillibridge. "Clients turn to us for a variety of smart growth strategies that maximize potential, including strengthening physician alignment through monetization."
ABOUT MARGIE McHUGH
Ms. McHugh has over 25 years of experience in the healthcare industry. Her areas of expertise focus on dealing with the needs of healthcare providers, primarily strategies related to physician alignment, service line growth and market expansion. In her 10 years with Lillibridge, she has brought this expertise to all aspects of the healthcare real estate business, including acquisitions of properties from hospitals, development of new facilities, and ongoing management of properties in the Lillibridge portfolio. With Lillibridge Advisors, Ms. McHugh and her team will expand these services, along with others, to hospital and health system clients. Prior to Lillibridge, Ms. McHugh spent 15 years working with hospitals and physicians in the Chicago market.
ABOUT LILLIBRIDGE
Lillibridge provides real estate services and capital exclusively to hospitals and healthcare systems. As "The Total Healthcare Real Estate SolutionSM" the company offers a full complement of capabilities—buys and develops medical office and outpatient / ambulatory care facilities; provides program management services to build and/or renovate inpatient / acute care hospitals; offers strategic leasing and comprehensive development services; provides asset and property management services; and advises clients on a wide variety of strategic, financial and operational real estate issues. Lillibridge's national scope encompasses more than 250 hospitals and healthcare systems across 40 states - 6,000 physicians and hospital tenants - and over 8 million square feet of medical property across the country. Headquartered in Chicago, Lillibridge has multiple regional offices and a growing staff of over 200 employees.