Welltower and Jefferson Announce Framework for Real Estate Investments, Care for Aging Populations

Toledo-based real estate investment trust Welltower (NYSE: WELL) and Philadelphia-based Thomas Jefferson University and Jefferson Health (Jefferson) announced Monday their intention to create a long-term strategic partnership that will transform Jefferson’s real estate portfolio and open new opportunities to address social determinants of health for aging populations across their shared geographic footprint. Under the terms of a Memorandum of Understanding (MOU) signed by both parties, Welltower and Jefferson would create a joint venture whereby Welltower would acquire a stake in certain real estate assets of Jefferson, enabling Jefferson to reduce some of its fixed asset investments and redeploy the capital to other clinical and academic strategic areas. In addition to the joint venture, Welltower would help Jefferson accelerate its ambulatory care growth strategy through capital support and its best-in-class predictive analytics to guide future real-estate investments based on where Jefferson clinical services would best serve the public.

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Source: https://hospitals.jefferson.edu/news/2020/01/framework-real-estate.html

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