The MBRE healthcare team separated from MB Real Estate Services, Inc. to launch a newly formed independent company, Remedy Medical Properties, Inc. Headquartered in Chicago, Remedy is the nation’s largest private owner and service provider for healthcare real estate.
“We are pleased to reintroduce ourselves as Remedy, which better reflects our service mission to offer solutions to health systems and physician groups,” said Peter Westmeyer, CEO of Remedy. “We have grown strategically in recent years and now want to further emphasize the innovative flexibility and healthcare industry expertise we offer. But the day-to-day experience with the new company will be the
same—the same people, the same services, and the same attention to detail that our clients, tenants and partners have come to expect.”
Through its long-standing partnership with Kayne Anderson Real Estate, Remedy has expanded its national reach, now owning and managing 20.5 million square feet of healthcare facilities and operating 22 offices across 40 states.
“Our growth is a reflection of the way we do business,” said Krysta Bavlsik, COO/CFO of Remedy. “Clients and tenants value our rapid response time, ease of doing business, presence in local markets and healthcare industry knowledge. In response, we’ve opened 22 offices across the country over the last 10 years to expand our hands-on approach to asset management, property management, and leasing.”
In recent years, the company has also expanded its development platform, creating a diversely skilled and highly respected development team with experience delivering 6 million square feet of medical office buildings, ambulatory surgery centers, specialty care centers, urgent/emergency care centers, rehabilitation hospitals and more.
Remedy has also brought the strategic innovation and advisory firm Percival Health Advisors in-house. Percival now works with Remedy’s various teams as well as independently to advise health systems and physician groups on identifying strategic partnerships and growth opportunities, optimizing delivery networks and improving community/population health with its combination of proprietary methodologies and rigorous analytics.
“Working seamlessly across the lines of acquisition, development, leasing, management and strategy consulting, Remedy now serves as a uniquely flexible, one-stop resource for healthcare real estate solutions that reduce costs, improve care and satisfaction and enable successful expansion,” Westmeyer said.