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Cincinnati Children's and The Christ Hospital partner with Merus to develop medical office buildings in Cold Spring.

Jul 12, 202511 months ago

Contract Type

partnership

CincinnatiHealth CareEducationNon ProfitFamily

Description

Cincinnati Children's and The Christ Hospital Health Network have partnered with real estate developer Merus to construct two medical office buildings in Cold Spring. The project, valued at $49.2 million, will include several retail buildings and is set to commence site construction later this year.

Company Information

Company

Cincinnati Children

Location

Cincinnati, Ohio, United States

About

Cincinnati Children's ranks No. 1 in the nation in U.S. News & World Report's 2023-24 listing of Best Children's Hospitals. In addition, Cincinnati Children's is recognized as one of America's Most Innovative Companies by Fortune. Established in 1883, Cincinnati Children's is a nonprofit academic health system that is internationally recognized for improving child health and transforming delivery of care through research, education, and innovation. Nearly one-third of the health system's 18,800 employees are engaged in research.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months