MedDevelopment
MedDevelopment is a privately held, Overland Park-based healthcare real estate developer and property manager that develops and manages medical office buildings, ambulatory surgery centers, and hospital campus projects for hospitals, health systems, and physician groups across the Midwest and Southwest.
- Company typePrivate
- Founded2001
- HeadquartersOverland Park, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MedDevelopment does
MedDevelopment is a privately held healthcare real estate development and property management firm headquartered in Overland Park, Kansas, founded to serve hospitals, health systems, and physician groups across the Midwest and Southwest. The company delivers three integrated service lines: full-service development of medical office buildings, outpatient centers, ambulatory surgery centers, parking structures, and hospital campus expansions; property management through its wholly owned affiliate Medical Property Management, which supplies on-site personnel and centralized oversight; and consulting engagements for hospital clients that prefer to retain ownership of their real estate while outsourcing feasibility, cost analysis, and design oversight.
Unlike institutional healthcare REITs or large national developers, MedDevelopment deliberately avoids institutional equity and REIT capital, instead co-investing alongside hospital and physician partners so that principals' personal capital is at risk in every project. The model is principal-led across the full deal lifecycle - from feasibility and entitlement through design, construction management, and ongoing property management - and is supported by a six-person principal team that includes physician Co-Founder Howard D. Ellis, M.D., who maintains active involvement in property management to provide physician-to-physician contact with tenants. The company reports two decades of healthcare real estate experience (website indicates founding circa 2001) and an aggregate affiliate track record of over $250 million in mixed-use build-out value, 4,000 multi-family units, and one million square feet of owned/managed industrial space.
The go-to-market is relationship-driven enterprise field sales targeting hospital C-suites, real estate departments, and physician groups; named clients include Tower Health and AdventHealth, with multiple AdventHealth projects (Shawnee Mission Gateway MOB, South Overland Park MOB, Lenexa City Center MOB #1, St Anthony North Phase 2) anchoring the visible backlog. Pricing is project-by-project and not publicly disclosed. Geographic footprint spans Kansas, Missouri, Colorado, Georgia, and Idaho, with completed projects in 2023-2026 indicating continued active operations. The company won the 2021 Design-Build Institute of America Mid-America Region Award for the AdventHealth Shawnee Mission Gateway MOB.
MedDevelopment firmographics
Firmographics- Name
- MedDevelopment
- Legal name
- MedDevelopment
- Website
- https://meddevelopment.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MedDevelopment is a privately held, Overland Park-based healthcare real estate developer and property manager that develops and manages medical office buildings, ambulatory surgery centers, and hospital campus projects for hospitals, health systems, and physician groups across the Midwest and Southwest.
- Ownership category
- akta.pro rank
MedDevelopment industry classification
Industry- Product category
- Healthcare Real Estate Development
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Healthcare & Medical Office Property Management (BPAJAGAF)
Keywords
Where MedDevelopment is headquartered
LocationHeadquarters
- HQ city
- Overland Park
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MedDevelopment business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Development Services: Full-service development including feasibility analysis, entitlement, design, construction management, and delivery of healthcare facilities. Principals bring qualifications and experience to bear from inception through completion.
- Property Management: Management services provided through affiliate Medical Property Management. The company maintains control and oversight through on-site personnel and centralized management, with principals actively involved in management issues.
- Real Estate Ownership/Investment: The company invests alongside partners in healthcare properties rather than using institutional equity or REIT capital. This aligns interests and provides shared commitment to project success.
- Consulting Services: Independent development and analysis services for hospital clients who wish to retain ownership. Combines industry knowledge with partners to provide construction cost analysis, lease rate analysis, and preliminary design.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
MedDevelopment product offering
Product offeringCore offering
MedDevelopment is a specialized healthcare real estate partner that develops, owns, and manages medical office buildings, outpatient centers, ambulatory surgery centers, parking structures, and hospital campus expansions. The company provides full-service development from feasibility analysis through construction management, in-house property management through affiliate Medical Property Management, and fee-based consulting for hospitals that retain ownership. Principals personally invest alongside partners rather than using institutional equity or REIT capital.
Product overview
MedDevelopment is a specialized healthcare real estate partner offering a comprehensive suite of services centered on developing and managing medical facilities. The company operates three core service lines: Development (medical office buildings, ambulatory surgery centers, parking structures, and hospital campus expansions), Property Management (through affiliate Medical Property Management), and Consulting (independent development analysis and fee-based oversight). Their development portfolio includes cardiac-focused medical office buildings, outpatient healthcare facilities, and multi-phase hospital expansions. Unlike traditional developers, MedDevelopment does not use institutional equity or REIT capital, instead investing alongside partners to ensure transparency and shared commitment.
Differentiator
Problem solved
Functional benefit
Products and services
- Healthcare Real Estate Development
- Property Management
- Healthcare Real Estate Consulting
- Medical Office Buildings (MOB)
- Ambulatory Surgery Centers (ASC)
- Cardiac Focused MOB
- 500 Stall Mixed Use Parking Structure
- Hospital Campus Expansion
Quantifiable outcome
- AdventHealth Shawnee Mission Gateway Medical Office Building completed ahead of schedule with months ahead of typical timeline
- +4 more outcomes
Companies that use MedDevelopment
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
MedDevelopment technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MedDevelopment partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Medical Property ManagementcoreAffiliate company that provides property management services for MedDevelopment's healthcare properties. MedDevelopment maintains management through this affiliate, providing on-site personnel and centralized management. Dr. Ellis remains active in property management to provide physician-to-physician contact with tenants.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
MedDevelopment competitors and assessment
Company assessmentDirect peers
- NexCore Group: NexCore Group is a national healthcare real estate developer that develops medical office buildings, outpatient facilities, and specialty hospitals for hospital systems and physician groups, closely comparable to MedDevelopment's development and ownership model.
- Hammes Partners: Hammes Partners is a healthcare-focused real estate consulting and development firm serving hospitals and health systems, comparable to MedDevelopment's consulting and development service lines.
- Anchor Health Properties: Anchor Health Properties is a healthcare-focused real estate developer, owner, and manager specializing in medical office buildings and outpatient facilities for hospital systems, directly comparable to MedDevelopment's vertically integrated development and property management platform.
- Rendina Healthcare Real Estate: Rendina develops, owns, and manages medical office buildings, ambulatory care, and specialty healthcare facilities for hospitals and physicians, a closely aligned model with MedDevelopment's development and ownership activities.
- Flagship Healthcare Properties: Flagship Healthcare Properties is a healthcare real estate firm specializing in medical office buildings, outpatient facilities, and surgery centers for hospital systems and physician groups, comparable to MedDevelopment's core services.
- PMB (Pacific Medical Buildings): PMB is a healthcare real estate developer specializing in medical office buildings, ambulatory care, and specialty facilities for hospitals and health systems, closely aligned with MedDevelopment's healthcare facility development focus.
Broad incumbents
- Welltower: Welltower is one of the largest healthcare REITs with exposure to medical office and outpatient real estate serving hospital systems and health systems, comparable to MedDevelopment's target customer base at significantly greater scale.
- Healthcare Realty Trust: Healthcare Realty Trust is a large publicly traded REIT focused on medical office buildings and outpatient facilities, operating in the same healthcare real estate category as MedDevelopment but at much greater scale and with institutional capital.
- Healthpeak Properties: Healthpeak Properties is a major diversified healthcare REIT with significant medical office and outpatient portfolios, operating broadly in the same healthcare real estate space MedDevelopment serves.
- Ventas: Ventas is a major healthcare REIT with a meaningful medical office building portfolio, competing in the broader healthcare real estate space where MedDevelopment develops and manages properties for hospital clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MedDevelopment social profiles
Digital presenceMedDevelopment compliance and trust
Trust signalCompliance1 record
MedDevelopment financial estimates
Financial estimateRevenue estimate
Valuation estimate
MedDevelopment leadership team
Management profileNumber of profiles
Profiles6 records
MedDevelopment subsidiaries and ownership
Company hierarchySubsidiaries1 record
MedDevelopment funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MedDevelopment 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 MedDevelopment
What does MedDevelopment do?
MedDevelopment is a specialized healthcare real estate partner that develops, owns, and manages medical office buildings, outpatient centers, ambulatory surgery centers, parking structures, and hospital campus expansions. The company provides full-service development from feasibility analysis through construction management, in-house property management through affiliate Medical Property Management, and fee-based consulting for hospitals that retain ownership. Principals personally invest alongside partners rather than using institutional equity or REIT capital.
Is MedDevelopment a public or private company?
MedDevelopment is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MedDevelopment founded?
MedDevelopment was founded in 2001. It employs 11 to 50 people.
Where is MedDevelopment based?
MedDevelopment is headquartered in Overland Park, United States, in the North America region.
How does MedDevelopment make money?
Four revenue lines are on record. Development Services are the primary driver. The others are property Management, real Estate Ownership/Investment and consulting Services.
Who are MedDevelopment's main competitors?
Direct peers on record are NexCore Group, Hammes Partners, Anchor Health Properties, Rendina Healthcare Real Estate, Flagship Healthcare Properties and PMB (Pacific Medical Buildings). Broad incumbents are Welltower, Healthcare Realty Trust, Healthpeak Properties and Ventas.
Does MedDevelopment have an API?
No public API is recorded for MedDevelopment.
What industry is MedDevelopment in?
MedDevelopment's product category is Healthcare Real Estate Development. Its primary akta.pro industry code is BPAJAGAF, Healthcare & Medical Office Property Management. Its SIC code is 6531.