Hammes Company

Last updated
Hammes Company
Industryhealthcare consulting firm
Founded1991
Headquarters Milwaukee, Wisconsin
Area served
Worldwide
Servicesstrategic planning
facility development
real estate advisory

Hammes Company (or Hammes Co.) is a healthcare consulting firm, providing strategic planning, facility development, and real estate advisory to the healthcare industry. Headquartered in Milwaukee, Wisconsin, Hammes Company grew from a real estate consulting firm founded in 1991 to the No. 1 developer of healthcare facilities in the United States by 2000. With the 2007 acquisition of Health Inventures, Hammes Company expanded its presence into worldwide markets.

Contents

History

Hammes Company was founded by Jon D. Hammes in 1991 as a real estate consulting firm. By December 1993, Hammes had five partners who watched over development of more than $100 million in property and $25 million in corporate, public sector and hospital facility development in five Midwestern states. [1] In the mid-1990s, Hammes Company sought out other development work in the sports industry, creating Hammes Company Sports Development, Inc. This sports and entertainment division developed the University of Wisconsin–Madison's basketball and hockey arena, the Kohl Center. By 2003, Hammes had been ranked the No. 1 developer of health care facilities in the United States for the fourth consecutive year. [2]

In January 2007, Hammes Co. purchased a majority interest in Health Inventures, a developer and manager of ambulatory surgery centers, surgical hospitals and diagnostic imaging centers worldwide. [3] The acquisition expanded the presence of Hammes Co. from the United States into European markets. [3] In June 2008, Hammes Co. agreed to manage the development of "the first new hospital to be built in the New Orleans area since Hurricane Katrina devastated the region." [4] As of September 2008, Hammes Company had been ranked by Modern Healthcare magazine as the top developer of healthcare facilities in the country for the last nine years. [5]

In the sports development unit, they have worked on the Kohl Center at UW–Madison, as well as serving as the construction manager for the $295 million renovation of Lambeau Field [6] in Green Bay, Wisconsin. Hammes Company also was the project manager for the new $1.6 billion MetLife stadium for the New York Giants and the New York Jets in New Jersey. The stadium seats 80,000 fans and opened for the 2010 season. [7]

Hammes Company has worked with several healthcare providers, including Aurora Health Care's new $189 million hospital located in Summit, Wisconsin, and Inova Health System's 140,000-square-foot (13,000 m2) medical office building [8] in northern Virginia. Hammes Company also belongs to the Society for Healthcare Strategy and Market Development. [9]

Related Research Articles

<span class="mw-page-title-main">GE HealthCare</span> American multinational medical technology company

GE HealthCare Technologies, Inc., doing business as GE HealthCare, is an American multinational medical technology company headquartered in Chicago, Illinois. It was spun-off from General Electric on January 4, 2023, with GE retaining 13.5%. As of 2017, it is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures. It offers dyes used in magnetic-resonance-imaging procedures; manufactures medical diagnostic equipment, including CT image machines; MRI, XRAY; Ultrasound; Cath Labs; Mammogram; Nuclear Medicine Cameras; and develops Health technology for medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing. It was incorporated in 1994 and operates in more than 100 countries.

<span class="mw-page-title-main">Inova Health System</span>

Inova Health System is a not-for-profit health organization based in Falls Church, Virginia, near Washington, D.C. The system is a network of hospitals, outpatient services, assisted living and long-term care facilities, and healthcare centers in the Northern Virginia market.

IMS Health was an American company that provided information, services and technology for the healthcare industry. IMS stood for Intercontinental Medical Statistics. It was the largest vendor of U.S. physician prescribing data. IMS Health was founded in 1954 by Bill Frohlich and David Dubow with Arthur Sackler having a hidden ownership stake. In 2010, IMS Health was taken private by TPG Capital, CPP Investment Board and Leonard Green & Partners. The company went public on April 4, 2014, and began trading on the NYSE under the symbol IMS. IMS Health was headquartered in Danbury, Connecticut.

IQVIA, formerly Quintiles and IMS Health, Inc., is an American Fortune 500 and S&P 500 multinational company serving the combined industries of health information technology and clinical research. IQVIA is a provider of biopharmaceutical development, professional consulting and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including investment strategy and management consulting services. It has a network of more than 88,000 employees in more than 100 countries and a market capitalization of US$49 billion as of August 2021. As of 2023, IQVIA was reported to be one of the world's largest contract research organizations (CRO).

Centene Corporation is a publicly traded managed care company based in St. Louis, Missouri, which is an intermediary for government-sponsored and privately insured healthcare programs. Centene ranked No. 25 on the 2023 Fortune 500.

<span class="mw-page-title-main">Advocate Aurora Health</span> Non-profit health care system with headquarters located in Milwaukee & Downers Grove, IL

Advocate Aurora Health (AAH) is a non-profit health care system with dual headquarters located in Milwaukee, Wisconsin, and Downers Grove, Illinois. As of 2021, the AAH system has 26 hospitals and more than 500 sites of care, with 75,000 employees, including 10,000 employed physicians. The health system formed as a result of a merger between Illinois-based Advocate Health Care and Wisconsin-based Aurora Health Care. AAH is a teaching affiliate of the University of Wisconsin School of Medicine and Public Health.

<span class="mw-page-title-main">Health administration</span> Field relating to administration of hospitals

Health administration, healthcare administration, healthcare management or hospital management is the field relating to leadership, management, and administration of public health systems, health care systems, hospitals, and hospital networks in all the primary, secondary, and tertiary sectors.

<span class="mw-page-title-main">Welsh, Carson, Anderson & Stowe</span> American private equity firm

Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing in two growth industries, technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.

<span class="mw-page-title-main">Ryan Companies</span> Building and development company based in Minneapolis

Ryan Companies US, Inc. is a national builder, developer, designer, and real estate manager based in Minneapolis.

<span class="mw-page-title-main">Healthcare real estate</span>

Healthcare real estate is a niche market within the larger real estate industry. Healthcare real estate or "medical real estate" describes buildings, offices, and campuses leased to members or organizations within the healthcare community. These buildings can be owned by hospitals, health systems or private or public third party groups. There is a rising trend among hospitals, health care systems, and medical practitioners to embrace third party ownership and management of real estate. By using third-party developers, they can preserve their capital resources for acute care needs and focus their attention on helping people, while passing on responsibility of building regulation and maintenance minutiae.

<span class="mw-page-title-main">Colliers (company)</span> Real estate investment firm

Colliers International Group Inc. is a Canada-based diversified professional services and investment management company with approximately 18,000 employees in more than 400 offices in 65 countries.

Molina Healthcare, Inc. is a managed care company headquartered in Long Beach, California, United States. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.

<span class="mw-page-title-main">Good Karma Brands</span> American radio and sports marketing conglomerate

Good Karma Brands, LLC is an American conglomerate. Based in Beaver Dam, Wisconsin, it has interests in radio broadcasting, sports marketing, retail, and real estate. GKB was founded in 1997 by Craig Karmazin, the son of former Viacom and Sirius XM executive Mel Karmazin. Craig remains the CEO of Good Karma to this day.

<span class="mw-page-title-main">Steward Health Care System</span>

Steward Health Care is the largest physician-owned private for-profit health care network in the United States and attends to 2.2 million people during more than twelve million physician and hospital visits annually. Headquartered in Dallas, Steward's integrated health care model employs 40,000 people at thirty-three hospitals and hundreds of urgent care, skilled nursing, and primary and specialty care medical practice locations across eight states. Steward Health Care is led by CEO Ralph de la Torre, a Cuban-American physician, engineer and cardiac surgeon.

Healthcare Real Estate Capital, LLC is an American firm providing consultative and transaction oriented services to owners and operators of healthcare real estate. The company's client base includes healthcare providers and investor / developers. HRE Capital's services include monetization / dispositions, debt and equity raise, joint venture structuring and developer selection for both standalone and multi-asset portfolios. The company has executed over $11 billion of transactions throughout the United States.

GRAEF is a private industry engineering and consulting firm based in Milwaukee, Wisconsin, servicing civil, construction management, environmental and landscape architecture, MEP/commissioning, operations consulting, planning, structural, survey, and transportation industries. GRAEF was founded in 1961 by Luther W. Graef, Leonard Anhalt and Robert Schloemer.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. It is ranked 583rd on the Fortune 500. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

Jon Hammes is the founder and managing partner of Hammes Company. He was formerly managing partner of Milwaukee's Trammel Crow real estate company.

<span class="mw-page-title-main">Medical Properties Trust</span>

Medical Properties Trust, Inc., based in Birmingham, Alabama, is a real estate investment trust that invests in healthcare facilities subject to NNN leases. The company owns 438 properties in the United States, Australia, Colombia, Germany, Italy, Portugal, Spain, Switzerland, Finland, and the United Kingdom.

<span class="mw-page-title-main">Titletown District</span> Shopping mall in Ashwaubenon, Wisconsin

The Titletown District, also known as the Titletown Entertainment District or simply Titletown, is a mixed-use development located on 45 acres (18 ha) of land adjacent to Lambeau Field in Ashwaubenon, Wisconsin. The district, which opened in 2017, was developed by the Green Bay Packers as a destination that will support tourism by providing year-round activities for local residents and tourists, gameday activities, as well as provide a local shopping and entertainment destination. The district, which includes a 10-acre (4.0 ha) park and plaza, is anchored by a Hinterland Brewery, a Lodge Kohler hotel, a sledding hill, and a Bellin Health clinic. In November 2018, Titletown opened a seasonal ice rink and ice lounge.

References

  1. ↑ Silver, Jonathan D. (December 16, 1993). "Dunn Exudes 'Entrepreneurial Spirit'". Business. The Capital Times . p. 10B.
  2. ↑ "Hammes Ranked No. 1 Health Care Developer". Business. Milwaukee Journal Sentinel . May 2, 2003. p. 3. Retrieved 14 November 2008.[ dead link ]
  3. 1 2 "Acquisition to take Hammes Co. international". Milwaukee Business Journal . January 5, 2007. Retrieved 14 November 2008.
  4. ↑ "Hammes to manage development of New Orleans hospital". Milwaukee Business Journal . June 6, 2008. Retrieved 14 November 2008.
  5. ↑ Millard, Pete (September 26, 2008). "Hammes made health care a specialty in real estate". The Business Journal of Milwaukee.
  6. ↑ Mader, Becca (March 8, 2002). "Project manager Hammes Co. loves its labor of Lambeau". THe Business Journal of Milwaukee.
  7. ↑ Gold, Jeffrey (2005-09-15). "Giants push ahead on plans for new stadium". USA Today. Retrieved 2010-05-04.
  8. ↑ "Inova Health System, Hammes Company". DPR Construction, Inc.
  9. ↑ "Hammes Company Membership". The Society for Healthcare Strategy & Market Development. Archived from the original on 2008-09-25.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.