Hammes Company affiliate acquires a majority interest in Health Inventures
MILWAUKEE, Wis., January 5, 2007 - An affiliate of Hammes Company, the nationally top-ranked developer of healthcare facilities announced its purchase of a majority ownership interest in
Health Inventures. Health Inventures is one of the leading turnkey development and management service providers to ambulatory surgery centers, surgical hospitals and diagnostic imaging centers. The firm offers a full spectrum of services that include the formation of operating partnerships with hospitals and physicians and the development and management of outpatient centers.
"Our investment in Health Inventures is a key element in our continuing efforts to become a premier service provider to the healthcare industry on a global basis. Health Inventures' existing presence in European markets will expedite the launching of Hammes Company's planned global initiatives. Just as importantly, this acquisition will help us bring additional value to our clients through an expanded service offering that supports our clients' efforts in achieving their ambulatory operational goals and objectives," said Jon Hammes, CEO and Managing Partner of Hammes Company
.
"This is truly a situation where the sum of the parts is greater than the whole. The synergies that result from this partnership will contribute to an accelerated rate of growth for both companies and will improve overall results for our health system partners. Our executive team found that our two company's value systems and guiding principles were very similar...a very important requirement to successfully merge cultures," said Richard Hanley, President and CEO of Health Inventures.
Hammes Company is a leading provider of strategic planning, facility development, and real estate services to the healthcare industry. Hammes is committed to improving healthcare through the development and implementation of custom, market-based solutions for a variety of healthcare clients. Hammes Company's multi-disciplinary service offering and depth of national experience provides clients with a seamless delivery model. This, along with their dedication to long-term client relationships has resulted in Hammes Company's rank as the nation's leading Healthcare Facility Developer by
Modern Healthcare for eight consecutive years.
Health Inventures has experts in every aspect of development and management of surgery centers, surgical hospitals and diagnostic imaging centers, including joint venture formation, architectural and design experience, accreditation preparation, payer contracting, financial and accounting expertise, technology assessment, human resource support and staff leasing, business office oversight, revenue cycle management and materials management.
Health Inventures is headquartered is in Broomfield, Colorado, and Hammes Company delivers services through a network of regional offices located across the country.