Healthcare real estate construction rebounded nearly 49 percent in 2010 – and Hammes Company led the way.
Last year, the costs of completed healthcare construction projects nationwide totaled about $12.6 billion, up sharply from the roughly $8.5 billion completed during 2009. And, as it has been for 12 consecutive years, Hammes Company was the nation’s largest healthcare real estate developer.
The Brookfield-based firm completed projects valued at about $1.27 billion in 2010, nearly three times the volume reported by its nearest competitor. That’s according to Modern Healthcare magazine, which published the results of its Annual Construction & Design Survey in its March 14 edition.
“We are certainly proud to have been ranked as the top healthcare real estate developer for a dozen years,” says Rich Galling, President and COO of Hammes Company. “But what matters more is what those rankings represent. Our success has been due to a combination of loyal clients, dedicated employees and a proven ability to cost-effectively deliver top-quality healthcare facilities.”