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Our Clients

Catholic Health Initiatives, System-wide, US

Hammes Company completed an asset advisory engagement for Catholic Health Initiatives (CHI). CHI, one of the nation’s largest not-for-profit healthcare systems, spans 22 states and includes 70 hospitals and more than 50 long-term care facilities.

The scope of the engagement was designed to identify assets as candidates for monetization and/or performance improvement. The result was the valuation and categorization of 862 non-core real estate assets, worth an estimated $454 million.

The study included an inventory and assessment of all CHI owned and leased non-core real estate, market analyses for each market (including a regulatory compliance study), and an evaluation of refinancing and sale alternatives for the individual properties as well as the portfolio as a whole. Specific recommendations were provided for each property with respect to revenue enhancement, cost reduction, disposition, consolidation and refinancing opportunities. A total of 20 Hammes Company professionals participated in this engagement, which was completed in approximately 14 months.
Project Snapshot
Project Type: Real Estate Advisory
Project Size: System-wide
Project Services:
  • Real Estate Assessment
  • Market Analyses
  • Valuation & Categorization of Non-core Assets
  • Evaluation of Refinancing and Sale Alternatives
  • Property Recommendations