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News Release: Capital Health & Anchor Health Properties Commence Construction on a Phased, Multi-Specialty Hospital Renovation and Expansion Project

FOR IMMEDIATE RELEASE

March 24, 2022

(Media, PA) Building upon a long-term relationship spanning more than twenty years with Capital Health, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, has commenced development on a phased renovation and expansion of an existing hospital. Serving as owner’s representative on behalf of the health system, Anchor will collaborate with key leadership and the project team to oversee the design and construction, and execution of the 53,220 square foot renovation and approximately 19,000 square foot addition.

The facility, located at 280 Middletown Boulevard in Langhorne, Pennsylvania, will serve as Capital Health’s first major hospital presence in the state complementing its existing outpatient and ambulatory facilities in the surrounding area and New Jersey. As part of the health system’s ongoing expansion into Bucks County, the facility is strategically positioned adjacent to the Oxford Valley Mall and will offer synergistic inpatient and outpatient clinical programs that provide the neighboring community with convenient options for quality care.

Matthew Pirolli, Vice President of Development with Anchor shared, “We are honored to work alongside Capital Health in the revitalization and expansion of this prominent multi-specialty surgical hospital. The modernized facility will allow the health system to build on its outstanding reputation in the area while increasing accessibility and convenience to comprehensive inpatient and outpatient care in the community. It has been a pleasure collaborating with the full team on the initial phase of this project and we are looking forward to bringing Capital Health’s vision to fruition.”

“Anchor has been a valued and strategic real estate advisor for Capital Health for many years and their healthcare real estate expertise focused on relationship-based care is a natural fit to successfully execute on a quality facility that will meet the needs of the community,” added Jo Ann Hopkins, Director of Project and Property Management with Capital Health. “With Anchor’s depth of experience and overall commitment to their clients and patients, we are looking forward to successfully delivering this project to help us meet the area’s future healthcare needs.”

Anchor is working alongside locally-based NK Architects, Vanderweil Engineers, and Tri-State Engineers as the respective design team on this project. Capital Health at Oxford Valley is slated to open its doors to patients in early 2024.

About Anchor Health Properties

Anchor Health Properties is a national, full-service healthcare real estate development, management, leasing, and investment serving investors and health systems. Anchor takes a strategic approach to navigating the extremely competitive healthcare marketplace, considering multiple angles, such as retail drivers, customer experience, branding and efficiency of the project. We develop and manage projects across the United States that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. Anchor manages and leases nearly eight million square feet of medical office space, inclusive of numerous projects under construction. Anchor maintains multiple offices nationwide and features more than 100 professionals in its ranks. Over the past five years, Anchor principals have acquired and/or developed more than $3 billion of medical real estate across the country. Healthcare today calls not only for new and more efficient ways of delivering outpatient services, but also a different kind of healthcare development and management company. For more information, please visit: www.anchorhealthproperties.com.

About Capital Health

Capital Health is the Central New Jersey/Lower Bucks County region’s leader in providing progressive, quality patient care with significant investments in physicians, nurses and staff, as well as advanced technology. Comprised of two hospitals (Capital Health Regional Medical Center in Trenton and Capital Health Medical Center – Hopewell), a Hamilton outpatient facility, and various primary and specialty care practices across the region, Capital Health is a dynamic healthcare resource accredited by the DNV. A five-time Magnet-designated health system for nursing excellence, Capital Health serves as a Level II regional trauma center, regional perinatal center (including a Level III NICU), and emergency mental health screening center. For more information, visit capitalhealth.org.

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Contact: Rachael Hall, Anchor Health Properties
rhall@anchorhealthproperties.com; 434-293-8004

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