The Mark H. Zangmeister Cancer Center

Services Provided: Owner Representation / Real Estate Consulting / Development

THE SITUATION

The Mark H. Zangmeister Center is the realized dream of a Columbus, Ohio based group of Oncologists/Hematologists to provide comprehensive oncology/hematology care to their patients in a single state-of-the-art facility. Mid-Ohio Oncology/Hematology hired Hplex Solutions to develop the project, create an ownership structure for the Center, coordinate the land purchase, oversee the design and construction of the facility, and obtain debt financing.

THE HPLEX SOLUTION

Because of its expertise and reputation managing medical real estate, Hplex Solutions was asked to take part in the ownership of the Center and act as the Managing Member of the newly formed LLC created to own and manage the facility. Due to the fact that this project involves a group of physicians, not a hospital or health system, Hplex Solutions had to address several unique challenges including educating the physician investors on the advantages and risks of real estate ownership and assisting management/physicians in making critical decisions related to the project. Hplex Solutions was responsible for saving the partnership more than $1 million by carefully managing the project from beginning to end. Hplex Solutions was able to use its firsthand hospital/health system experience in advising the group practice in its pursuit of a strategic joint venture with a local health system in owning radiation oncology services offered at the facility. Creating this physician/hospital alignment has been of great benefit for both parties.

The Zangmeister Center is a +/- 109,000 square foot Cancer Center and Medical Office Building located in the center of Columbus, Ohio. The Center offers a variety of services, including: physician office care, infusion therapy, radiation oncology (linear accelerators), and other clinical services related to the treatment of cancer and blood disorders.