Lillibridge starts MOB on Seton Southwest Healthcare Center

LILLIBRIDGE TO OWN AND MANAGE NEW HEALTHCARE FACILITY IN AUSTIN

CHICAGO and AUSTIN, Texas, August 6, 2008 –  Expanded medical services will be available to residents of Austin, Texas in a new medical office building (MOB) on the Seton Southwest Healthcare Center (SSHC) campus, which broke ground earlier this summer. Chicago-based Lillibridge, one of the nation's largest private healthcare real estate firms, will own and manage the 43,000 square foot facility scheduled to open in the summer of 2009.

The two-story medical office building has been designed to complement the hospital and the existing on-campus MOB. The facility will include a pulmonary rehab clinic, an MRI and a cafe. The hospital will also move its physical therapy and sports medicine center from its current location to the new building. An attached covered walkway will give patients and physicians convenient access to the hospital.

"Lillibridge manages and owns three other medical office buildings on our hospital campuses, Seton Medical Center Austin, Seton Southwest Hospital and Seton Northwest Hospital, and they do a great job," says Mary Faria, Hospital Vice President and COO, Seton Southwest Hospital. "We are looking forward to having another new MOB added to our campus in Austin. This new building will be a wonderful complement to the hospital. As we've reached our capacity, it allows us to expand key services and add additional services."

Lillibridge partnered with the Seton Family of Hospitals in June 2004 when it acquired three MOBs on different Seton campuses.

"We started working with the Seton Family of Hospitals in 2004 and we are very glad to be work with them again on the Seton Southwest Healthcare Center campus," says Todd W. Lillibridge, Chairman and CEO of Lillibridge. "We helped SSHC with the reapproval of the master campus plan, and when we got the opportunity to build, own and manage this new MOB, we were excited at the prospect of continuing the long-standing relationship between our two companies."

ABOUT THE SETON FAMILY OF HOSPITALS
Founded in 1902, the Seton Family of Hospitals is a not-for-profit organization, and is the leading provider of healthcare services in Central Texas, serving an 11-county population of 1.7 million. As the region's largest community service and public service organization, Seton contributed more than $237 million to care for the poor and to benefit the community last year. The Seton Family of Hospitals' network includes five urban acute care hospitals, two rural hospitals, a mental heath hospital, several strategically located health facilities and three primary care clinics for the uninsured.

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 www.lillibridge.com or call (312) 408-1370.