Frank Spencer speaks
ACQUSITION OF MARSHALL ERDMAN HAS THIS CEO GIDDY
By John Mugford
There’s plenty of talk – and actually quite a bit of action – in the healthcare real estate industry concerning consolidation, be it in the form of mergers or joint venture partnerships. The idea is to mix and match firms that don’t necessarily do the same thing so that, together, they can offer their clients a fuller spectrum of services.
An example would have a large owner and manager of medical office buildings (MOBs), such as a healthcare real estate investment trust (REIT), buying a portfolio of MOBs, or acquiring a whole development/ownership firm.
Okay, okay, the secondary headline of this story might seem a bit outlandish – we mean the part about describing Frank Spencer, the CEO of Charlotte, N.C.-based Cogdell Spencer Inc., feeling “giddy” about his firm’s recent acquisition of Madison, Wis.-based Marshall Erdman and Associates. But if you read between the lines of the following Q&A with Mr. Spencer, you might realize that the description is actually not that far off. He is definitely excited, to say the least.
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