CHICAGO-Former Lillibridge EVP Sydney Scarborough has joined Jones Lang LaSalle as a managing director in the company’s Healthcare Solutions Group. She will focus on working with hospitals and medical systems throughout the Midwest.
Scarborough has 30 years in the health care CRE business, and was on board at Lillibridge when it was founded in 1998. She left the company in 2008 to become a consultant, a couple years before Ventas purchased Lillibridge in July 2010 for $381 million.
Scarborough was also a stockholder in her former company, and she has a lawsuit pending in Cook County Circuit Court regarding the Ventas purchase. She talked with GlobeSt.com about her JLL hire, but declined to speak about the ongoing suit.
She says she joined the locally-based JLL because the company has strong experience helping corporations find efficiencies in large real estate holdings. “I had been pretty happy doing consulting, but JLL was able to share with me how they plan to help health care systems reduce costs across the board. Hospitals are under pressure to find efficiencies in every manner possible, and that’s important to me as well,” Scarborough says.
Historically, hospitals sink about 45% of all spending into some sort of real estate cost, whether it’s maintenance, new development or upgrades, she says. Also, hospitals are having to get creative on new designs, as patients want easier access through medical facilities, and also demand private rooms for all patient stays.
The past few years has seen hospitals take on these challenges, Scarborough says, but now the movement is providing better services is across the board, requiring health care systems that don’t want to raise patient costs to find more and more efficiencies in running their buildings. “You’re looking at everything to do with infrastructure, energy systems, better project management, technology and more,” she says.
For example, JLL took on earlier this year the management of about eight million square feet for the William Beaumont system in the Detroit suburbs. “The company was able to find ways to reduce costs by about $30 million in four years, and we’ve started doing that. We’ve already launched an energy demand management system that has saved more than $300,000,” Scarborough says.
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