BOLDT HEALTHCARE REAL ESTATE DEVELOPMENT | CASE STUDY
CENTURA HEALTH
PARTNERSHIP OVERVIEW
Boldt Healthcare Real Estate Development and Centura Health have been proud partners for more than ten years. At the start of our partnership, Centura was preparing to expand their ambulatory footprint to better serve their patient community in Colorado.
However, like most development projects, their needs were complex. Below, we’ve highlighted key questions that arose during our multi-year partnership. Boldt’s ability to flex and adapt during every part of the development and construction process created a strong foundation for a long-standing partnership.
Share your goals with us, and let us deliver the solutions
Development Process
Site Selection
Centura put a few circles on the map and Boldt located an appropriate location based on programmatic and community needs. Being able to find on and off market sites while flying under the radar of the Centura brand allowed for sites to be acquired at aggressive rates not typically afforded to health systems.
Boldt acquired a multitude of strategically located parcels. A key location was assembled from three parcels with existing buildings and businesses. Boldt was able to complete these tasks while flying under the radar.
Physician Recruitment
Physician recruitment is often handed off to outside brokerage firms- that’s not how we work. Using our internal team and proven processes, we partnered with Centura Health to attract complimentary and strategically aligned third-party physician groups. Because of our unique ownership options that allowed physicians to be invested in the project, Centura was able to open each facility with an occupation rate of 95%, all while maintaining control over who occupied their facilities.
Wellness Partnership
Boldt’s extensive network of community partnerships allowed us to create a facility model that brought together the YMCA and Centura Health to partner on the forefront of preventative care.
Customized Rental Structure
We are anything but one-size fits all, even working with the same health system. Learn more about our financial flexibility here.
Boldt offers some of the lowest cost of capital available on the market. From right-sizing your building to reduce waste and lower building costs to customizing rent structures to keep costs low, we strike to the lowest cost on every project.
Learn more about how we saved one health system $10M by restructuring their building needs
CENTURA HEALTH FACILITIES
3 sites assembled, 2 buildings raised, businesses relocated, 32,000 sq. ft. developed, strategic lease terms for orthopedic group community partner, foothold in an affluent and highly sought after neighborhood.
Retrofitted and expanded on the YMCA facility to create a 50,000 sq. ft. cohesive health and wellness experience, child watch available to all tenants, health concierge, Centura and YMCA partnered community outreach, preventative care model, true halo effect took place in this innovative facility.
On campus 75,000 sq. ft. strategic partnership for endoscopy group making the timing critical, Boldt took on approval and development risk to push the project schedule, aggressive cost of capital made this project a reality.
On-campus 32,000 sq. ft. right sized with reduced square footage of 10,000 sf to fit budget while holding program and accounting for future expansion.
Chat With Our Experts to Unlock Custom Solutions For Your Goals
A flexible, low-cost and convenient partner
Boldt Healthcare Real Estate is a leading healthcare real estate developer with over 140 years of experience. Our long history has taught us how to combat uncertain markets and the changing healthcare industry, making us a reliable partner for your strategic goals.
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