SEATTLE, Jan. 12, 2018 /PRNewswire/ — Elliott Bay Capital Trust (“Elliott Bay”), a privately held real estate investment firm that invests in mission-critical healthcare properties leased by leading specialty care providers, hospitals, and health systems, has announced the expansion of its national portfolio of healthcare real estate assets with 37 transactions closed in 2017.
Elliott Bay, an Eldridge Industries portfolio company, now has more than 75 fully leased healthcare properties diversified across 25 states and is the largest owner of dialysis real estate in the U.S.
“2017 was another transformative year for Elliott Bay in which we further diversified our portfolio with integral healthcare properties leased to national operators and strong regional health systems operating across various attractive outpatient segments including dialysis, cancer treatment, imaging, ambulatory surgery and multi-specialty centers,” said Christian Whipple, CEO of Elliott Bay. “We continued to progress the execution of our strategy of acquiring mission-critical healthcare properties leased to leading providers with strong credit that are delivering superior services to patients in their communities across the country.”
Elliott Bay has also announced that it has elected three new independent members to the Board of Directors of Elliott Bay Holdings: Mark Caputo, George Huber and Eric Shuey. The three are veteran business executives who have proven healthcare, real estate, and investment leadership experience and long track records of success.
“We are pleased to welcome Mark, George, and Eric to Elliott Bay’s Board of Directors,” said Todd Boehly, Chairman and CEO of Eldridge Industries. “They are each highly accomplished and bring a wealth of experience and expertise to Elliott Bay as the company seeks to build on the effective execution of its business model and long-term strategy.”
Mark Caputo currently serves as Chairman of Sound Physicians, Vice Chairman of Remedy Partners, and the Joint Venture Managing Partner for Fresenius Medical Care. Prior to this, Mark was the founder and CEO of Liberty Dialysis LLC, which he grew from one clinic in 2002 to the third largest dialysis company in the world, serving more than 20,000 ESRD patients in more than 280 dialysis centers, with hospital and physician partners in 32 states. In 2012, Liberty Dialysis merged with Fresenius Medical Care, in a transaction valued at $2.35 billion.
During the course of his career, Mr. Caputo has served as (i) Chairman and a lead investor for Sound Physicians, Inc., the largest hospitalist