Catalyst and Heitman Announce Major Expansion and Renovation of Ochsner Lafayette General Orthopedics & Sports Medicine Institute
September 16, 2024
PENSACOLA, FL – Catalyst Healthcare Real Estate (Catalyst), a full-service healthcare real estate development and investment firm, and Heitman, a $50 Billion global real estate investment management firm, announced the beginning of a $19 million renovation and expansion project for Ochsner Lafayette General Orthopedics & Sports Medicine Institute.
"This building has been a cornerstone of the community, and we are excited to enhance access and quality of care for Lafayette," said Phil Schuck, Senior Vice President of Catalyst Healthcare Real Estate. "The project will also set a new standard for orthopedics and sports medicine, strengthening the partnership with Andrews Medicine."
This project provides for a 15,777 SF expansion and a 17,200 SF renovation, enhancing Ochsner's facilities to better support its orthopedic service line. The expansion will enable Ochsner to offer a wider range of orthopedic and sports medicine services, including physical therapy, rehabilitation, and sports performance.
“We are excited to add this property to our portfolio and expand the relationship with Catalyst. The renovation and expansion of the facility demonstrates the growing demand for healthcare services within the community,” said Brian Pieracci, Head of Private Equity – North America at Heitman.
Ochsner, a Louisiana-based not-for-profit health system, is a trusted provider in the market and has consistently ranked among the top hospitals and children’s hospitals in Louisiana. This project introduces the expertise of one of the nation’s leading orthopedic and sports medicine doctors to the community, further strengthening the partnership between Ochsner and Andrews Medicine, which was established in 2022.
"Andrews Medicine was founded to ensure that world-class orthopedic and sports medicine care is accessible to communities," said Dr. James Andrews. "Since 2000, we’ve seen a tenfold increase in youth sports injuries, and Lafayette is no exception. This project will play a key role in helping prevent injuries and promoting the health and well-being of young athletes in this community."
In addition to sports medicine and injury prevention facilities the new state-of-the-art facility expansion will feature 17 additional exam rooms, along with two new triage rooms, two additional radiology rooms, and two more treatment rooms. A new elevator will be installed to improve patient access, and the lobby area will be expanded. The facility will also include private rooms for in-office procedures and fitting patients with braces. Additionally, a new patient drop-off area will be created, incorporating a collective reception and admissions area. The exterior of the facility will consist entirely of aluminum composite panels and glazing, among other enhancements.
“Ochsner Lafayette General has always been committed to delivering the highest quality of care to our patients. The development of the Ochsner Lafayette General Orthopedics & Sports Medicine Institute is a testament to that commitment, ensuring we remain at the forefront of innovation in sports medicine and orthopedic care. We are excited to see how this facility will continue to serve the community and support the health and performance of athletes of all levels – both now and into the future,” said Patrick Gandy, Chief Executive Officer, Ochsner Lafayette General.
The Ochsner Lafayette General Orthopedics & Sports Medicine Institute expansion is projected to open in Fall 2025.
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ABOUT CATALYST HEALTHCARE REAL ESTATE
Catalyst is a national, healthcare real estate development and investment firm. Our platform of integrated real estate deliverables is specifically designed for the ever-evolving landscape of healthcare real estate. Our team seeks to positively impact healthcare with strategic investment in development, acquisition, and strategy services. For more information, please visit catalysthre.com.
Contact: Bella Costa bcosta@catalysthre.com | 252-675-3465
ABOUT HEITMAN:
Heitman is a global real estate investment management firm with nearly $50 billion in assets under management as of June 30, 2024. Founded in 1966 and headquartered in Chicago, Heitman has 10 offices worldwide and is an active participant in the global real estate property and capital markets. Heitman makes real estate investments through private equity, debt, and publicly-traded real estate securities.
Contact: pro-Heitman@prosek.com