Catalyst Healthcare Real Estate Acquires Medical Office Building and Forms Real Estate Partnership with Lafayette General Health Foundation
August 8, 2018
Catalyst Healthcare Real Estate (“Catalyst HRE”) is excited to announce the acquisition of Lafayette General Orthopaedic Hospital’s Medical Office Building located at 4212 W. Congress Street in Lafayette, Louisiana. The Medical Office Building consists of three-stories totaling 87,906 square feet and is attached to Lafayette General Orthopaedic Hospital, one of seven Lafayette General Health Hospitals. The current service lines in the property include orthopaedics and primary care. Through the acquisition, Catalyst HRE has formed a unique, on-going real estate partnership with Lafayette General Health and in particular the Lafayette General Foundation. “With the healthcare landscape changing drastically across Louisiana and the country, forming this partnership is key to our growth strategy,” said Cian Robinson, Executive Director of Innovation, Research, and Real Estate Investments. “We picked Catalyst HRE due to their alignment with our core mission and values.”
In addition to the current service lines, Catalyst HRE’s construction management team will be overseeing the build-outs for LSUE’s nursing school, administrative space for a long-term acute care firm, as well as a significant build out and relocation of the Acadiana Orthopaedic Center physician offices. “This exciting partnership showcases a new and innovative way for healthcare foundations to benefit monetarily from the growing real estate needs of their parent healthcare systems. We believe the shift in healthcare delivery methodology will continue to drive the need for more access points for patients. Our approach to solving those access needs can be funded through the Catalyst Community Re-Vest Program, which benefits all involved, including the foundations of the health system partner. We are very happy to be an on-going strategic partner with Lafayette General Health and it’s Foundation,” said Chad Henderson, Chief Executive Office of Catalyst HRE.
On August 14, 2018, Lafayette General Health announced the transformation of the attached hospital into Lafayette General Orthopedic Hospital, an Orthopedic Center of Excellence and post-acute facility. As part of their partnership Catalyst HRE provided Lafayette General with analytics to validate this move to the first hospital dedicated to orthopaedics in the state of Louisiana.
About Catalyst Healthcare Real Estate: Catalyst Healthcare Real Estate is one of the nation’s fastest-growing healthcare real estate development and acquisition firms. With an exclusive focus on healthcare, Catalyst HRE provides a fully integrated healthcare real estate platform that focuses on the planning, creating, optimizing and managing of healthcare facilities. The organization’s purpose is to positively impact healthcare by providing Better Access, producing Quality Outcomes, all while continuing to build Lasting Relationships in the space. The firm’s corporate office is in Pensacola, Florida with satellite offices in Central Florida and Milwaukee, Wisconsin, the firm owns, manages, and services over 2 million square feet of healthcare real estate in 12 states across the United States. For more information about Catalyst HRE, visit catalysthre.com.
About Lafayette General Health: Lafayette General Health (LGH) is a non-profit, community-owned regional healthcare system committed to always delivering excellence. LGH serves the south-central region of Louisiana by aligning with facilities across a 10-parish area known as Acadiana. LGH’s flagship hospital, Lafayette General Medical Center, in operation since 1911, is a 501(c)(3) not-for-profit corporation that does not pay out any revenue to shareholders as for-profits do. LGH also owns or manages Lafayette General Surgical Hospital, Lafayette General Orthopaedic Hospital, St. Martin Hospital, University Hospital & Clinics, Acadia General Hospital and Abrom Kaplan Memorial Hospital, and has several affiliations with facilities across the region. Both Lafayette General Medical Center and University Hospital & Clinics are major teaching hospitals, providing graduate medical education across many disciplines. LGH owns LGMD, a non-profit corporation that operates and manages several physician clinics including Family Medicine and Internal Medicine, as well as many specialists and surgeons. LGH is a founding member of the Ochsner Health Network, a collaborative of leading health systems across the greater Gulf South region. For more information about LGH and its affiliates, visit LafayetteGeneral.com.