CBRE buys healthcare facilities consultancy Noveen, hires new Healthcare leader
LA-based real estate services leader CBRE Group has bolstered its healthcare services offering with the acquisition of Louisville, KY-based Noveen Consulting. Noveen is focused on healthcare facilities consulting services, including project management and IT. CBRE also recently announced Mark Lamp as the new leader of their US Healthcare practice.
Louisville, KY-based Noveen Consulting helps healthcare facility owners solve complex challenges with a wide suite of advisory services. Noveen’s consulting offerings include facility assessments, capital and facility planning, project management, commissioning services, energy management, and IT services. The firm serves healthcare facilities clients across the United States.
The boutique consultancy has now been acquired by real estate services and investment giant CBRE Group. CBRE’s services include facility and project management, transactions, leasing, property sales, development services, and strategic consulting. Last year, the Los Angeles-based firm posted $14.2 billion in global revenues. CBRE has 80,000 employees worldwide, with 30,000 of those located in the US.
Noveen will become part of CBRE’s Healthcare practice, which helps US healthcare providers reduce costs, monetize assets, and maximize value from their real estate. The practice’s offerings include facilities management, transactions, management consulting, and project management. Noveen, along with company head Mo Deljoo, will join the project management business line of the Healthcare practice.
“Through the last seventeen years, Noveen and CBRE professionals have worked along-side each other with a common purpose to address the business objectives of our clients,” said Mo Deljoo, President of Noveen Consulting. “By combining resources, we are in position to provide a complete, integrated solution to the needs of our healthcare clients.”
Working in the same area of healthcare facilities consulting, CBRE clearly saw the value of buying out the tightly focused consultancy. The terms of the transaction were, however, not disclosed.
“We have a deep understanding of Noveen’s value proposition and are excited to embed their capabilities into our full service offering for healthcare systems nationwide,” commented Curt Grantham, Global President of Project Management, CBRE. “The environment for healthcare providers continues to evolve rapidly and Noveen gives CBRE another significant advantage in helping our clients to achieve innovative facility & technology outcomes.”
Mark Lamp to head US Healthcare practice
CBRE also recently announced that it had hired Mark Lamp to lead its US Healthcare practice as Executive Managing Director. Lamp has deep experience in healthcare devices, software, and service firms – including GE Healthcare, where he worked for 17 years.
Based out of Chicago, Lamp will be tasked with driving the growth of the Healthcare division, which manages 100 hospitals and health systems spanning over 164 million square feet. The practice employs over 3,450 professionals with expertise in facilities operations, compliance, analytics, and transactions, among other areas.
“Mark is an exceptional leader with an entrepreneurial mindset who will leverage both facility operations and innovative technology to drive the next level of value for our healthcare clients,” said Don Leeke, President, Client Solutions for CBRE’s Global Workplace Solutions business.
