Christman Expands Construction Services With MEDCO Acquisition
The Christman Company recently acquired MEDCO Construction, which had previously operated as an in-house construction partner for Baylor Scott & White, Texas’ largest nonprofit healthcare system.
GRAPEVINE, TX—The Christman Company, a national construction management and real estate development firm based in Lansing, MI with a local office in Grapevine, recently acquired MEDCO Construction. The acquisition allows Christman to expand its construction services and sets the stage for growth in Texas and the surrounding areas.
“We are excited to join the Christman Company, with their dedication to safety and expertise in complex healthcare environments. This and other common values will allow our teams to serve our clients with quality and integrity,” said Denward Freeman, president of MEDCO, at a recent celebration marking 2,000 days without a lost-time accident.
MEDCO, the construction arm of Baylor Scott & White, the largest nonprofit healthcare system in Texas, had previously operated as its in-house construction partner for more than 55 years. The unique collaboration resulted in some of the system’s and state’s most innovative medical centers.
“We are confident that Christman will advance MEDCO’s mission of offering exceptional services as a leader in construction,” says John McWhorter, chief operating officer at Baylor Scott & White.
With this acquisition, the former MEDCO staff joins forces with Christman, combining national-level expertise with long-standing local relationships. With more than $1 billion in annual revenue, Christman was seeking a strategic partnership in the region and together with Baylor Scott & White Health, determined this would be a good fit for both organizations.
“The expansion of resources allows us to serve clients in sectors where Christman excels such as healthcare, corporate headquarters, higher education and places of worship,” said Steven Roznowski, president and CEO of Christman. “Our new team members share Christman’s cultural foundations of integrity, safety and providing the highest value for clients. Together, we will deliver value through an extended network of national resources.”
Christman’s expansive network of programs and services are immediately available. Founded in 1894, the Christman Company’s services include construction management, general contracting, design/build, program management, real estate development, self-perform and millwork services. Christman specializes in a variety of construction markets, including government, higher and K-12 education, industrial and power, healthcare, and corporate office. Ranked at 93 in Engineering News-Record’s 400 top contractors nationally and 63 in the ENR 100 Construction Management-at-risk firms, Christman has more than $4 billion in construction underway.
“The new combined organization allows for larger, more complex projects in a wider geographic reach,” Kelly Gmazel, corporate marketing director at the Christman Company, tells GlobeSt.com. “We offer clients the opportunity to work with local construction leaders who have long-term relationships in Dallas/Fort Worth, combined with a national network of project planners, safety professionals and the construction expertise of a $1 billion, 125-year-old company.”
The Dallas/Fort Worth area had the highest number of completions in medical office building construction in the United States from the third quarter of 2017 to the second quarter in 2018, according to BBG, a leading national commercial real estate valuation, advisory and assessment firm. The region had nearly 1 million square feet of medical office space added during this period.