HSA PrimeCare
HSA PrimeCare is a Chicago-based healthcare real estate services firm, founded in 1995 as a division of HSA Commercial Real Estate, that develops, leases, manages, monetizes, and advises on medical office buildings for hospitals, health systems, and physician practices across an eight-state Midwest footprint exceeding 2 million square feet.
- Company typePrivate
- Founded1995
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What HSA PrimeCare does
HSA PrimeCare is the healthcare real estate division of HSA Commercial Real Estate, founded in 1995 by John O. Wilson and headquartered in Chicago. The firm provides an integrated suite of services covering development, leasing, property management, monetization (including sale-leasebacks and distressed property purchases), and strategic advisory to hospitals, health systems, academic medical centers, and physician practices. Its portfolio spans 2 million+ square feet across 14+ medical office properties in eight states (Illinois, Indiana, Michigan, Wisconsin, Minnesota, Nebraska, Ohio, and Florida), with anchor relationships including Advocate Health Care, UChicago Medicine, Loyola Medicine, Rush, Froedtert & the Medical College of Wisconsin, Silver Cross Hospital, Franciscan Health, and Saint Joseph Mercy Health System. Key assets include the Froedtert Drexel Town Square Health Center (109,000 SF, Oak Creek, WI), the UChicago Medicine Comprehensive Cancer Center at Silver Cross Hospital (New Lenox, IL), the Michigan Orthopedic Center (86,125 SF, Ypsilanti, MI), and the Silver Cross Hospital Pavilion A (175,000 SF, New Lenox, IL).
The business generates revenue across four streams: development services (professional fees on medical office building projects, including site search, entitlements, design, and construction management), property management (managed services on owned or third-party assets with healthcare-specific operations), leasing services (physician recruitment, tenant mix analysis, lease negotiation), and monetization (sale-leaseback structuring and distressed asset acquisition). Notable transactions include a 2020 sale of a 107,828 SF four-building portfolio to IRA Capital (with management retained) and a 2021 acquisition of a 16,513 SF Wauwatosa, WI medical office building. The company has formed joint ventures with institutional capital partners including USAA Real Estate Company (2017, 11-state Midwest value-add and development fund) and Harrison Street Capital.
HSA PrimeCare operates as a private operating division under HSA Commercial Real Estate, with no public ticker, no disclosed revenue or ARR figures, and no funding rounds on record. Its go-to-market is sales-led and relationship-driven, with executive-led enterprise engagement, conference presence at BOMA, Bisnow, HREI Insights, and Interface Healthcare Real Estate events, and thought leadership in GlobeSt.com, REJournals, and Healthcare Real Estate Insights. There is no evidence of an AI or technology platform layer; the competitive position rests on three decades of healthcare vertical expertise, named-hospital-system relationships, and Midwest regional density.
HSA PrimeCare firmographics
Firmographics- Name
- HSA PrimeCare
- Legal name
- HSA PrimeCare
- Website
- https://hsaprimecare.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- HSA PrimeCare is a Chicago-based healthcare real estate services firm, founded in 1995 as a division of HSA Commercial Real Estate, that develops, leases, manages, monetizes, and advises on medical office buildings for hospitals, health systems, and physician practices across an eight-state Midwest footprint exceeding 2 million square feet.
- Ownership category
- akta.pro rank
HSA PrimeCare industry classification
Industry- Product category
- Healthcare Real Estate Services
- SIC
- Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Healthcare & Medical Office Brokerage (BPAJABAF)
- akta.pro secondary industry
- Hospital Shared Services, GPOs & System Support Organizations (HLAFAAAO)
Keywords
Where HSA PrimeCare is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
HSA PrimeCare business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Supply Chain
Revenue model
- Development Services: Full-service development of medical office buildings and healthcare facilities, including site search, entitlements, financial arrangements, design, engineering, and construction management.
- Property Management: Ongoing property management services for medical office buildings with focus on physician/tenant satisfaction, including maintenance, security, and operational services.
- Monetization Services: Sale-leaseback transactions and distressed property purchases, allowing healthcare providers to maximize value from real estate assets.
- Leasing Services: Physician recruitment and leasing of medical office space, including marketing, tenant mix analysis, and lease negotiation services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
HSA PrimeCare product offering
Product offeringCore offering
HSA PrimeCare develops, leases, manages, monetizes, and provides strategic advisory for medical office buildings, outpatient centers, ambulatory surgery centers, cancer centers, and multi-specialty health centers. The firm serves hospital systems, academic medical centers, and physician practices, primarily across the Midwest, with a portfolio exceeding 2 million square feet across eight states.
Product overview
HSA PrimeCare is a healthcare real estate services firm that operates as a single integrated platform offering development, leasing, property management, monetization, and advisory services for healthcare real estate assets. The company specializes in medical office buildings, outpatient care facilities, ambulatory surgery centers, cancer centers, and multi-specialty health centers. Their core offering combines all five service lines to provide end-to-end solutions for healthcare providers seeking to develop, lease, manage, and monetize their real estate portfolios.
Differentiator
Problem solved
Functional benefit
Brands
- HSA Commercial Real Estate: Parent company of HSA PrimeCare, providing commercial real estate services across multiple sectors
Products and services
- Healthcare Real Estate Development
Quantifiable outcome
- Over 2 million square feet of medical office buildings developed, leased and/or managed across eight states
- +1 more outcomes
Companies that use HSA PrimeCare
Customer profileNamed customers12 records
Segments2 records
Ideal customer profiles2 records
HSA PrimeCare technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
HSA PrimeCare partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Colliers | Wisconsin Investment Services TeamminorTom Shepherd and Adam Connor of Colliers represented the sellers in the acquisition of the 16,513-square-foot medical office building in Wauwatosa, WI.
Scale indicators4 records
Recent moves7 records
Expansion highlights4 records
HSA PrimeCare competitors and assessment
Company assessmentBroad incumbents
- Welltower: Large public healthcare REIT with significant outpatient medical office exposure. Comparable healthcare real estate ownership and health system landlord model, though far broader in portfolio including senior housing and post-acute.
- Medical Properties Trust: Large public healthcare REIT owning hospitals and MOBs nationwide. Comparable on healthcare real estate ownership and hospital-system landlord relationships, though more weighted toward acute care and larger facility types than HSA PrimeCare's MOB focus.
- Hammes Partners: National healthcare real estate consulting and development firm. Comparable in advisory and development services for health systems, though broader in scope including strategy and operations consulting beyond real estate.
- Ventas: Diversified healthcare REIT with an MOB segment via Lillibridge. Comparable in hospital-system landlord relationships and healthcare real estate operating capability, with materially greater scale and capital access.
Direct peers
- Flagship Healthcare Properties: Private healthcare real estate firm providing acquisition, development, leasing, and management of MOBs and outpatient facilities in the Southeast and Mid-Atlantic. Closely mirrors HSA PrimeCare's integrated platform and customer base.
- Healthcare Realty Trust: Public healthcare REIT focused on outpatient medical office buildings. Directly comparable to HSA PrimeCare in asset class (MOB), customer base (health systems), and operating model (development, leasing, management), with significantly greater scale and capital access.
- PMB (a division of Adevinta / Pacific Medical Buildings): Private developer and manager of MOBs, ambulatory care, and behavioral health facilities. Comparable integrated development and management platform serving health systems, with comparable mid-sized private profile.
- Anchor Health Properties: Private healthcare real estate firm specializing in MOB development, leasing, and management. Directly comparable to HSA PrimeCare in service mix, customer segment, and regional operating model, with a similar mid-sized platform profile.
- NexCore Group: Private national healthcare real estate developer focused on MOBs, ambulatory care, and specialty facilities. Directly comparable in service lines (development, leasing, management) and customer type (health systems), though more geographically diversified.
- Lillibridge (Ventas subsidiary): Subsidiary of healthcare REIT Ventas focused on MOB development, leasing, and management. Comparable service mix and customer base to HSA PrimeCare, with the added capital backing of a large public REIT parent.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
HSA PrimeCare social profiles
Digital presenceHSA PrimeCare financial estimates
Financial estimateRevenue estimate
Valuation estimate
HSA PrimeCare leadership team
Management profileNumber of profiles
Profiles6 records
HSA PrimeCare funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HSA PrimeCare M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HSA PrimeCare
What does HSA PrimeCare do?
HSA PrimeCare develops, leases, manages, monetizes, and provides strategic advisory for medical office buildings, outpatient centers, ambulatory surgery centers, cancer centers, and multi-specialty health centers. The firm serves hospital systems, academic medical centers, and physician practices, primarily across the Midwest, with a portfolio exceeding 2 million square feet across eight states.
Is HSA PrimeCare a public or private company?
HSA PrimeCare is a private company. It is classified as corporate owned and is currently operating.
When was HSA PrimeCare founded?
HSA PrimeCare was founded in 1995. It employs 1 to 10 people.
Where is HSA PrimeCare based?
HSA PrimeCare is headquartered in Chicago, United States, in the North America region.
How does HSA PrimeCare make money?
Four revenue lines are on record. Development Services are the primary driver. The others are property Management, monetization Services and leasing Services.
Who are HSA PrimeCare's main competitors?
Broad incumbents on record are Welltower, Medical Properties Trust, Hammes Partners and Ventas. Direct peers are Flagship Healthcare Properties, Healthcare Realty Trust, PMB (a division of Adevinta / Pacific Medical Buildings), Anchor Health Properties, NexCore Group and Lillibridge (Ventas subsidiary).
Does HSA PrimeCare have an API?
No public API is recorded for HSA PrimeCare.
What industry is HSA PrimeCare in?
HSA PrimeCare's product category is Healthcare Real Estate Services. Its primary akta.pro industry code is BPAJABAF, Healthcare & Medical Office Brokerage, with a secondary code of HLAFAAAO, Hospital Shared Services, GPOs & System Support Organizations. Its SIC code is 8744.