Remedy

What Remedy does

Remedy Medical Properties is a Chicago-based, privately held healthcare real estate investment, development, leasing, and management firm founded in 2009 (separated from MBRE Healthcare) and operating as the largest private owner of healthcare properties in the United States. As of late 2025, following the joint acquisition with Kayne Anderson Real Estate of the Welltower outpatient medical portfolio, Remedy owns and manages 52.4M+ square feet across 1,104+ properties in 44 states, with stated healthcare acquisitions exceeding $25 billion since 2012. Its portfolio spans medical office buildings, ambulatory surgery centers, specialized treatment centers, specialty hospitals, and post-acute facilities.

The company serves two primary customer verticals — health systems and physician groups — alongside institutional real estate owners divesting healthcare assets. Its core service lines are Investments, Development, Leasing, Management, and Strategy, the last delivered through wholly-owned subsidiary Percival Health Advisors, which provides market planning, physician alignment, ambulatory network planning, and ASC feasibility advisory work to clients. Remedy executes these services through 50+ regional offices across the U.S., with an in-house leasing team and a dedicated design and construction function. The proprietary value proposition centers on enabling health systems and physician groups to convert illiquid real estate into cash through sale-leasebacks, programmatic investment agreements, and new development partnerships, while also co-investing with physician groups to enable private equity transactions such as the TOI/Varsity Healthcare Partners deal.

Remedy's business model is real-estate-centric and transaction-driven rather than software/SaaS-based. Revenue derives from rental income on the owned portfolio, development fees on ground-up and tenant-improvement projects, property management fees, leasing commissions, and strategic advisory fees via Percival. Pricing is negotiated per deal and is not publicly disclosed, with acquisition sizes ranging from $10 million single-tenant properties to $7 billion multi-state portfolio transactions. The company operates principally through a joint venture with Kayne Anderson Real Estate established in 2010, which extends the capital and expertise of both organizations; additional capital partners have included MedProperties (2021 $350M+ JV) and Broadstone Net Lease (2025 portfolio acquisition). Remedy does not publish revenue, valuation, or cap-rate data.

Name

Remedy

Legal name

Remedy Medical Properties, Inc.

Website

https://remedymed.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Remedy Medical Properties is a Chicago-based private healthcare real estate firm that owns, develops, leases, and manages medical office buildings, ambulatory surgery centers, and specialty facilities across 44 U.S. states for health systems and physician groups.

Ownership category

akta.pro rank

Product category

Healthcare Real Estate

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Healthcare & Medical Office Property Management (BPAJAGAF)

akta.pro secondary industries

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH), Healthcare & Medical Office Tenant Representation (BPAJALAF)

Keywords

• Healthcare real estate
• Medical office buildings
• Ambulatory care facilities
• Sale-leaseback transactions
• Healthcare property management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices50 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Distribution channels4 records

Marketing channels5 records

Core offering

Remedy Medical Properties owns, develops, leases, and operates healthcare real estate across the United States, including medical office buildings, ambulatory surgery centers, specialized treatment centers, specialty hospitals, and post-acute facilities. The firm provides acquisition, development, leasing, property management, and strategic advisory services (through its subsidiary Percival Health Advisors) to health systems and physician groups, primarily structuring sale-leaseback transactions and programmatic development partnerships.

Product overview

Remedy Medical Properties is a healthcare real estate investment and management firm that offers integrated services for health systems and physician groups, including acquisition/investments, development, leasing, management, and strategic consulting through its subsidiary Percival Health Advisors. The company owns and operates a portfolio of medical office buildings (MOBs), ambulatory surgery centers, specialized treatment centers, specialty hospitals, and post-acute facilities across 44 states. Remedy's services are structured as a unified platform combining capital solutions with advisory services, rather than discrete software products or modules. The company operates in joint venture with Kayne Anderson Real Estate and has acquired significant portfolios, including 296 outpatient medical properties from Welltower totaling approximately 18 million square feet.

Differentiator

Problem solved

Functional benefit

Products and services

• Investments / Acquisitions Acquisition and investment services that purchase medical office buildings, ambulatory surgery centers, and specialty hospitals from health systems, physician groups, institutional owners, and local developers. Deals range from single-tenant properties (~$10M) to multi-state portfolio transactions (up to $7B).
• Development Ground-up development of new medical outpatient facilities, ambulatory surgery centers, and medical office buildings for health system and physician group clients, with Remedy providing capital and absorbing construction risk.
• Leasing In-house leasing services for medical office buildings and healthcare facilities, including tenant recruitment, co-location strategies, and building occupancy management. The leasing team has health system backgrounds.
• Property Management Ongoing property management for owned and third-party healthcare facilities, including tenant relations, building operations, and asset management across 1,104+ properties in 44 states.
• Strategy & Consulting (Percival Health Advisors) Strategic consulting services for healthcare organizations including market planning, physician alignment strategy, ambulatory network planning, ASC feasibility studies, campus master planning, integrated facility planning, portfolio and real estate strategy, and financial advisory.

Quantifiable outcome

• 90%+ tenant retention rate in property management operations
• +5 more outcomes

Named customers24 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

24 partnerships are on record, tiered core, minor and flagship.

• Tennessee OncologycoreStrategic or Co-development Partner · 1 June 2026In June 2026, Remedy and Kayne Anderson acquired the Tennessee Oncology Proton Center in Franklin, TN. Tennessee Oncology is a major oncology practice requiring specialized proton therapy facilities.
• Broward HealthcoreStrategic or Co-development Partner · 1 January 2026In April 2026, Remedy broke ground on two medical outpatient developments with Broward Health in South Florida (Fort Lauderdale area). This represents a development partnership for new outpatient medical facilities.
• Heart & Vascular PartnerscoreStrategic or Co-development Partner · 1 January 2026Remedy and Heart & Vascular Partners have an expanded partnership including MOB development in Colorado Springs and a new project in Oklahoma City (Quail Creek development started construction in 2025). The partnership focuses on cardiology and vascular care facilities.
• Bozeman HealthminorStrategic or Co-development Partner · 1 January 2025Remedy and Kayne Anderson acquired Bozeman Health Cottonwood Clinic and ASC, expanding access to care in the Bozeman, MT market.
• Novant HealthcoreStrategic or Co-development Partner · 1 January 2025Remedy completed a real estate transaction with Novant Health that advanced the health system's patient-centric transformation goals.
• Centra HealthminorStrategic or Co-development Partner · 1 January 2025Remedy and Kayne Anderson acquired Centra Langhorne Medical Center in Lynchburg, VA, supporting Centra Health's real estate and operational strategy.
• Georgia UrologyminorStrategic or Co-development Partner · 1 January 2025Remedy and Georgia Urology broke ground on a new Fayetteville Medical Center, a urology-focused medical office building development.
• RUSH Oak BrookminorStrategic or Co-development Partner · 1 January 2025Remedy and Kayne Anderson acquired RUSH Oak Brook Medical Center, expanding their presence in the Chicago metropolitan area.
• UCHealthcoreStrategic or Co-development Partner · 1 January 2024Remedy and Kayne Anderson broke ground on two new medical office buildings for UCHealth in Colorado and completed the UCHealth Green Valley Ranch Medical Center which won a prestigious award. Long-standing development partner with multiple completed projects.
• Silver Cross HospitalcoreStrategic or Co-development Partner · 1 January 2024Remedy, Silver Cross Hospital, and PSMG partnered on a new MOB near Chicago. The Orland Park medical pavilion developed by Remedy won a prestigious national award.
• Advanced Orthopaedics & Sports MedicineminorStrategic or Co-development Partner · 1 January 2024Remedy and Kayne Anderson began construction on a new Advanced Orthopaedics & Sports Medicine MOB, continuing their focus on orthopedic facility development.
• AmSurgcoreStrategic or Co-development Partner · 1 January 2023AmSurg is a national surgery center operator and joint venture partner with The Orthopaedic Institute (TOI) and other Remedy physician group clients. Remedy works with AmSurg to ensure their interests are accounted for in sale-leaseback transactions involving ASCs.
• Medical Facilities HoldingsminorStrategic or Co-development Partner · 1 January 2021Remedy and Medical Facilities Holdings completed a Physician Surgical Network MOB/ASC near San Antonio, TX.
• The Orthopaedic Institute (TOI)coreStrategic or Co-development Partner · 1 January 2018TOI engaged Remedy for a sale-leaseback of five medical office buildings (103,393 sq. ft.) providing physician owners with liquidity ahead of a private equity partnership with Varsity Healthcare Partners. Remedy subsequently acquired TOI's new Orlando facility, growing the relationship to 121,787 sq. ft. TOI grew from 5 to 13 Florida locations following the transaction.
• Proliance SurgeonscoreStrategic or Co-development Partner · 1 January 2012Proliance Surgeons acquired Rainier Orthopedic Institute in 2012. Remedy subsequently structured a joint venture acquisition of the Rainier building enabling physician investors to either divest or co-invest, with follow-on liquidity options.
• Kayne Anderson Real EstateflagshipStrategic or Co-development Partner · 1 January 2010Since 2010, Remedy and Kayne Anderson Real Estate have operated a joint venture extending the capital and expertise of both organizations. Kayne Anderson is a leading alternative investment management firm focused on medical office, seniors housing, and student housing real estate. Together they have grown to become the nation's largest owner of outpatient medical buildings in the U.S. with 52.4M+ sq. ft. across 1,104+ properties in 44 states. Major joint venture transactions include the $7.2B Welltower outpatient portfolio acquisition (296 properties, 18M sq. ft.) in October 2025.
• Percival Health AdvisorscoreStrategic or Co-development PartnerPercival Health Advisors is Remedy's in-house strategic innovation and advisory group dedicated to providing market planning, physician alignment, ambulatory network planning, ASC feasibility, campus master planning, integrated facility planning, portfolio and real estate strategy, community health improvement, and financial advisory services to Remedy's health system and physician group clients. Founded by experienced healthcare consultants, it provides proprietary analytics combined with national, regional, and local experience.
• Piedmont HealthcarecoreStrategic or Co-development PartnerLong-standing development partner with multiple projects including Piedmont West Medical Park (Atlanta), Piedmont Newnan Hospital MOB, Piedmont Medical Plaza II (completed), Piedmont Acworth MOB, and Piedmont Commerce MOB (groundbreaking 2026).
• Baptist HealthcoreStrategic or Co-development PartnerBaptist Health (which acquired Hardin Memorial Health) is the long-term lessee at Bardstown Medical Plaza, a 70,260 sq. ft. ambulatory care center that exceeded imaging expectations within 3 months of opening.
• UCHealthcoreStrategic or Co-development PartnerUCHealth is a major development partner with multiple projects including Grandview Hospital (Colorado Springs, 58,000 sq. ft., opened 2016), Grandview Medical Center MOB (65,000 sq. ft.), and multiple additional Colorado MOBs.
• Vail HealthcoreStrategic or Co-development PartnerVail Health partnered with Remedy to develop an 85,000 sq. ft. Dillon medical campus with ASC, primary care, oncology, imaging, and sports medicine. The project leveraged Percival's market analysis and Remedy's development and permitting expertise.
• Southeastern Spine Institute (SSI)coreStrategic or Co-development PartnerSSI partnered with Remedy for a sale-leaseback of their two custom medical buildings and new Mount Pleasant facility development, enabling MUSC to lease one of the vacated buildings. Remedy also helped transfer SSI's Certificate of Need from prior locations.
• Centegra Health System (now Northwestern Medicine)coreStrategic or Co-development PartnerRemedy executed a sale-leaseback acquiring Centegra's McHenry orthopedic MOB, enabling the health system's acquisition of the orthopedic practice while satisfying physician owners' investment goals.
• The Steadman CliniccoreStrategic or Co-development PartnerThe Steadman Clinic (Basalt, CO) is part of Orthopedic Care Partners platform and Remedy's largest real estate partner within that network. The Steadman Clinic MOB won a 2021 HREI Insights Award. Remedy co-located the ASC with Vail Health in Dillon.

Scale indicators12 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Healthpeak Properties: Healthpeak Properties (formerly Physicians Realty Trust) is a publicly traded REIT specializing in medical office buildings and outpatient facilities, making it the most direct public peer to Remedy's outpatient MOB platform with overlapping tenant base (health systems and physician groups) and acquisition strategy.
• Healthcare Realty Trust: Healthcare Realty Trust is a publicly traded REIT focused on medical outpatient buildings leased to physicians, hospitals, and healthcare operators. Following its merger with Healthcare Trust of America, it operates a portfolio of ~700 MOBs, directly comparable to Remedy's outpatient-focused strategy and tenant profile.
• Global Medical REIT: Global Medical REIT is a publicly traded REIT focused on MOBs and outpatient facilities leased to healthcare providers. Although smaller than Remedy, it pursues a comparable acquisition-and-lease strategy targeting physician practices and health systems.
• American Healthcare REIT: American Healthcare REIT is a publicly traded REIT with a portfolio spanning MOBs, senior housing, and skilled nursing facilities. Its diversified outpatient and medical office holdings are comparable to Remedy's portfolio mix and target tenant segments.
• Community Healthcare Trust: Community Healthcare Trust is a publicly traded REIT that owns and leases MOBs and outpatient facilities, primarily to non-urban and community-based healthcare providers. Its acquisition strategy and physician-tenant focus are highly comparable to Remedy's physician group segment.

Broad incumbents

• Welltower: Welltower is one of the largest healthcare REITs in the U.S. and was the seller of the 18M sq ft outpatient portfolio Remedy acquired in October 2025. While Welltower's primary focus is senior housing, its historical MOB holdings overlap significantly with Remedy's portfolio and target tenants.
• Ventas: Ventas is a large, publicly traded healthcare REIT with a diversified portfolio spanning senior housing, MOBs, research and innovation facilities, and life sciences. Its MOB segment competes with Remedy for institutional-grade healthcare assets and major health system relationships.
• Medical Properties Trust: Medical Properties Trust is a publicly traded REIT focused on acute care and specialty hospitals. While its facility mix skews more inpatient than Remedy's outpatient model, it competes in the broader healthcare real estate capital markets and for institutional portfolio transactions.
• National Health Investors: National Health Investors is a publicly traded healthcare REIT primarily focused on senior housing and skilled nursing, with some MOB exposure. Its portfolio overlap and JV-style investment approach make it a partial comparable for Remedy's institutional capital deployment model.

Others

• Hammes Partners: Hammes Partners is a privately held healthcare-focused real estate advisory, development, and investment firm. While smaller and advisory-led rather than a portfolio owner, it competes with Remedy in healthcare development services and strategic consulting for health systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Remedy