COMPANY SPENDS $36.6 MILLION FOR FIVE ON-CAMPUS MOBs IN WISCONSIN
By John Mugford
The Appleton Heart Center was one of the five Wisconsin medical office buildings acquired by the Lillibridge Healthcare Services unit of Ventas Inc.
Photo courtesy of Sanders Trust
When well-capitalized Chicago-based Ventas Inc. (NYSE: VTR) acquired its down-the-street neighbor, Lillibridge Healthcare Services Inc., earlier in 2010, an executive with the publicly traded real estate investment trust (REIT) said there would likely be some medical office building (MOB) acquisitions in the offing.
In recent weeks, Ventas made good on that prediction, as Lillibridge, which acts as Ventas’s MOB subsidiary, made its first acquisition since being bought by the large REIT.
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