BATON ROUGE, LA-Woman’s Hospital of Baton Rouge has chosen Lillibridge Healthcare Services Inc. to develop a 250,000-square-foot medical office building on its new $350 million replacement hospital campus.

The new MOB, which will be connected to the new hospital, has a price tag of $40 million and will be owned by the hospital. It will consist of two towers (four and five stories) with a shared atrium lobby.

Chicago-based Lillibridge, which is a subsidiary of Ventas Inc., began laying the groundwork for the MOB several years ago, according to Todd W. Lillibridge, chairman and CEO of Lillibridge and Ventas’ executive vice president – medical property operations. “In the early stages, the hospital was looking for a developer to own the medical office building, but over time, the hospital decided it wanted to own the building,” Lillibridge tells GlobeSt., adding that 60% of the company’s projects are hospital-owned.