The University of Illinois Health (UI Health) 200,000 square foot Specialty Care Building was recently awarded:
MDP served as the Developer for this landmark Public - Private Partnership (P3) project.
Congratulations to UI Health, the community, and all its stakeholders. And congrats as well and thank you to the entire development team including Ankura, Shive-Hattery, Pepper Construction / Brown & Momen JV and the many other team members that made this happen!
About the Project
The University of Illinois Health “UIH”, an academic medical center in heart of the Illinois Medical Center in Chicago, IL. The project was identified as a key part of the university’s master plan to accommodate the increasing volume and complexity of surgical patient care, education and research at UIH.
This project was UIH’s first healthcare project to enter into a Public Private Partnership “P3” process. Ankura formed a collaborative project team to develop, design, finance, construct, and manage a new 6-Floor, 200,000 sq. ft. ambulatory surgery center and specialty clinics “OSCSC.”
The Hospital is a clinical enterprise that includes a 465-bed tertiary care hospital with 21 outpatient clinics. The Hospital to-date has 936 physicians and advance practitioners with an anticipated annual volume: 200,000 patient visits, 8,200 surgeries and 8,300 GI procedures.
The Outpatient Care Center provides a new home for:
Outpatient surgery with (8) operating rooms
(2) procedure rooms
(24) pre /post/anesthesia care unit bays
182 clinic rooms for gastrointestinal, ophthalmology, otolaryngology, transplant and urology care
Preventative and diagnostic care and imaging
LEED Gold Certification
35% of construction vendors (and 20% of professional services) were local minority, women, persons with disabilities and veteran-owned business certified under the Business Enterprise Program Acts. Employing over 500 individuals during the two-year project.
Expanded operations and clinical services will create 100 new full-time positions.
About Medicus Development Partners
Medicus Development Partners is a Chicago-based private equity firm that was formed in 2007 by healthcare real estate industry veteran Fred D. Campobasso to focus on investing in healthcare real estate development projects across the U.S. For more information, please visit: www.medicusdevelopment.com.
Ankura is a business advisory and expert services firm defined by HOW we solve challenges. Whether a client is facing an immediate business challenge, trying to increase the value of their company or protect against future risks, Ankura designs, develops, and executes tailored solutions by assembling the right combination of expertise. We build on this experience with every case, client, and situation, collaborating to create innovative, customized solutions, and strategies designed for today’s ever-changing business environment. This gives our clients unparalleled insight and experience across a wide range of economic, governance, and regulatory challenges. At Ankura, we know that collaboration drives results. For more information, please visit: www.ankura.com.
Ankura’s Healthcare Real Estate team provides integrated end-to-end real estate solutions, from strategy to financing and development, to health systems and large medical groups across the US.