Premier Healthcare commercial real estate news, analysis, trends and information including hospital, health system space use, medical office buildings, skilled nursing, post acute care and rehabilitation facilities.
Following regulatory approval of the merger, Hackensack Meridian Health has committed to a $400 million capital investment at Englewood Health. The investment hospital officials said would further position Englewood Health as a tertiary hub in Northern New Jersey.
The Boston-based firm received the latest round of funding from existing investors Wavecrest Growth Partners, River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures. The same investment group, led by Wavecrest Growth Partners, provided Building Engines $26.5 million in 2016.
This two-story 41,244 square-foot property, located at 25425 Orchard Village Road, will be divisible into approximately 5,000 square-foot suites for sale or lease.