News&Insights

· MedCraft Investment Partners have closed more than $300M in acquisitions
· National presence expanded by 640,000+ additional square feet in 10 states
· On track to meet investment goal of $500M by end of 2023

MINNEAPOLIS, November 8, 2022 – MedCraft Healthcare Real Estate, a full-service
healthcare real estate firm specializing in the financing, delivery, and management of
healthcare facilities, has announced that its investment and capital platform, MedCraft
Investment Partners, has closed on over $300 million in acquisitions consisting of 20
healthcare projects since its inception 15 months ago. Cumulatively, these projects
further expand MedCraft’s national presence spanning more than 640,000 square feet
in 10 states, making MedCraft Investment Partners well on pace to achieve its goal of
investing $500 million by the end of next year.

Seismic Shifts in Healthcare Delivery Models

This milestone further validates the industry trend of increasing investment into
healthcare real estate due to its relative stability and resistance to economic downturns.
As healthcare delivery continues to shift out of hospitals and into ambulatory and other
non-traditional environments, the need for new facilities will only continue to grow.
The American Hospital Association expects seismic shifts in the outpatient care
landscape over the next decade. Forecasts in patient volume changes include a 25%
increase in ambulatory surgery centers and a 19% increase in office-based diagnostics,
laboratory testing and imaging. MedCraft is uniquely positioned to further capitalize on
this trend because of its deep healthcare knowledge and experience, extensive provider
relationships, and proven track record.
“Investing and managing healthcare facilities requires a group of professionals who
understand healthcare real estate and the needs of providers,” said Jon Lewin,
Principal, MedCraft Investment Partners. “That’s what truly makes us different. Our
team focuses on the needs of our healthcare clients and delivers real estate investment
and management solutions that accomplish their long-term goals. It may sound simple,
but getting there requires creativity, flexibility, and tenacity.”

Patient and Provider-Focused Solutions

As evidence of this, MedCraft Investment Partners acquired several significant projects
as long-term holders and partners across the healthcare sector including:

Macomb Professional Building, Detroit Michigan Acquisition
MedCraft Investment Partners recently acquired a medical office building near the
campus of one of its national health system partners in Detroit, Michigan and is making
a significant investment into building systems to improve its functionality as a healthcare
facility and capital for new healthcare programs in the building.

South Bend Orthopaedics, South Bend, Indiana
South Bend Orthopaedics Medical Office Building and Allied Physicians Surgery Center
were owned by the physicians of South Bend Orthopaedics. Recognizing that owning
their real estate was an added burden and expense, they partnered with MedCraft to
acquire their building which provided a capital infusion into the practice and allowed the
physicians more time to focus on their patients.
“As South Bend Orthopaedics continues to build on our tradition of excellence and
providing exceptional patient care, we recognize that owning all of our real estate
comes with an added expense and burden” stated Adelbert Mencias, MD, Physician
President, South Bend Orthopaedics. “By selling our South Bend location to MedCraft,
it allows us to free-up our capital and infuse it back into our operations and equipment
so that we can continue to provide state-of-the-art care to our patients, in a costeffective
outpatient setting. We chose MedCraft because of their expertise and
partnership approach. MedCraft is different, they do what they say they are going to do.”

About MedCraft

MedCraft Healthcare Real Estate is a full-service healthcare real estate firm that
specializes in advisory, development, and financing services to health systems and
providers. MedCraft has delivered, financed and acquired more than 125 projects
totaling $7 billion throughout their 39-year operating history.

Media Contact:
Staci Rubenstein
Outlook Marketing Services
staci@outlookmarketingsrv.com
847.549.0712

This whitepaper highlights the many benefits of engaging MedCraft’s multidisciplinary team and our outcomes driven planning process. We have embedded some case studies and medical staff insights to shed light on our process and our results. Click here.

MedCraft welcomes Nicole Erickson to our Minneapolis office as a Project Manager. She will be responsible for managing complex healthcare projects of all size in the upper Midwest region. Nicole has a Master’s degree in Project Management from St. Mary’s University and a Bachelor of Science Degree in Facility Management with a minor in Business and Interior Design from North Dakota State University. We are thrilled to have Nicole join our team.

Newsweek’s Best Surgery Centers 2023 features multiple MedCraft developed and owned Surgery Centers. We are proud to have partnered with these nationally recognized health systems and providers including: M Health Fairview Minnesota, Virtua Health New Jersey, SSM Health Missouri, Twin Cities Orthopedics Minnesota. Check out the complete list of Newsweek’s Best Surgery Center’s here.

MedCraft recently completed development of the Rincon Surgery Center in partnership with Tucson Health and its physician investors. The new state-of-the-art 17,000 square-foot ambulatory surgery center houses four operating rooms with expansion capabilities for an additional two operating rooms in the future. “Providing high-quality, accessible surgical care to our patients has been a driving force behind bringing this facility to fruition,” said Dr. Derrick Johnston, chairman of the board and pediatric urologist. “Through this joint venture, we can enhance our ability to provide same-day surgical services and perform increasingly more complicated procedures in an outpatient setting, which benefits our patients with significant cost savings and increased convenience and comfort.”

Thank you to our project teams Kraus-Anderson, Orcutt Winslow, Stryker, Belimed, PICOR

MedCraft is excited to partner with HCA Midwest Health on their new Medical Plaza in Overland Park and celebrate the groundbreaking. The new state-of-the-art facility will be home to Family Health Medical Group and Town Plaza Women’s Care with additional specialty clinic space to support the community’s growing demand for convenient healthcare services.

As healthcare leaders gathered from across the country at the ASHE PDC Conference, MedCraft, alongside partners Yale New Haven Health (YNHH) and SLAM presented on Adaptive Reuse of Retail for Healthcare and we want to share key takeaways and our case study featuring the strategic advisory services MedCraft provided to YNHH as they sought to expand ambulatory care services in a key market.

With vacant retail space at an all-time high, there is one growing trend that could pose a win-win for all: the adaptive re-use of big-box retail for medical use, to deliver healthcare closer to home while simultaneously addressing vacancies plaguing the retail landscape. As consumers shift where they prefer to receive non-emergent care, healthcare providers are becoming increasingly interested in locations at the hub of where people live and shop.

Learn how MedCraft guided a premier health system through the process to determine if the adaptive reuse of retail for space healthcare was the right solution for them. Learn how our comprehensive analysis of potential locations, the evaluation of how well the buildings and sites could support Yale New Haven Health Systems proposed programs from a cost, constructability, and functionality perspective; and if this solution may be the right one for you. Click here for the case study to learn how YNHHS entrusted MedCraft as their partner for this critical evaluation and planning process.

MedCraft celebrated the topping off construction milestone on the Yuma Regional Medical Center Foothills Campus, signifying completion of the building’s exterior structure. It was an exciting milestone celebration with hospital leadership, community leaders, physicians that will be practicing in the building, and our project partners Haydon Building Corp and orcutt I winslow. The YRMC Foothills Health Campus will bring expanded services to the community with opening slated for this Fall.

As telehealth has become an integral part of healthcare delivery, it is important to understand the impact on facility design. Our experts provide recommendations on how to create resilient facilities that integrate telehealth and hybrid care models. In this article you will gain insights on integration of digital peripherals in delivering a hybrid model of care across the patient care continuum, proper room configurations for an enhanced care experience, and more. Click here to read the full article published by Healthcare Facilities Today or reach out to us directly for more information.

We are excited to announce that Maimonides Doctors Multispecialty Pavilion developed by MedCraft Healthcare Real Estate has been selected as a finalist in the HREI 2021 Best New Medical Office Building over 100,000 SF category.