PIH Health Seeks Partner for ±5.7 Acre Mixed-Use Site adjacent to PIH Health Good Samaritan Hospital in Downtown LA
Whittier, Calif. (August 22, 2023) PIH Health, Inc. (PIH Health), a nonprofit regional healthcare network with three hospitals that serves approximately 3 million residents in Los Angeles and Orange Counties, has retained H2C Securities Inc., to assist in a process to identify an experienced, financially capable developer(s) to partner with the organization to develop contiguous land parcels totaling ±5.7 acres adjacent to its PIH Health Good Samaritan Hospital campus in Downtown Los Angeles. A future development is envisioned to be a long-term enhancement for the community and the PIH Health Good Samaritan Hospital campus.
The developable parcels total ±5.7 acres with prominent frontage on Wilshire Boulevard as well as Valencia, West 6th, and Witmer Streets (Site). The Site's strategic location and zoning classification present a distinct opportunity for a developer(s) to create a diverse array of mixed-use project(s). The Site was acquired by PIH Health as part of its acquisition of the 408-bed PIH Health Good Samaritan Hospital campus in 2019 and is a continued investment by PIH Health in its commitment to the residents of Southern California and Downtown LA.
“As the communities’ health and wellness partner, we are committed to looking for partners who will work with us to provide the very best possible use of this land in service to those who live and work in Downtown Los Angeles,” said James R. West, PIH Health president and chief executive officer.
Interested parties are invited to contact H2C Executive Director, Matthew Tarpley (mtarpley@h2c.com) and Managing Director, Tom Morsch (tmorsch@h2c.com) for additional details.
About PIH Health
PIH Health is a nonprofit, regional healthcare network with three hospitals, numerous outpatient medical offices, a multispecialty medical (physician) group, home healthcare services and hospice care, as well as heart, cancer, digestive health, orthopedics, women’s health, urgent care, and emergency services. Our leadership is dedicated to putting patients first and delivering top-quality healthcare. We serve more than 3 million residents in the Los Angeles County, Orange County and San Gabriel Valley region. For more information, visit pihhealth.org.
About H2C Securities Inc. ("H2C")
H2C is a strategic advisory and investment banking firm committed to providing superior advice to healthcare organizations, higher education institutions, and related organizations throughout the United States. H2C’s professionals have a long track record of success in mergers and acquisitions, capital markets, and real estate transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value. For more than 20 years, the real estate investment banking professionals at H2C have successfully served as advisors on real estate transactions in excess of $17.0 billion nationwide. Securities and services offered through H2C Securities Inc., member FINRA/SIPC, a registered broker-dealer and an indirect subsidiary of Fifth Third Bank, National Association. All rights reserved. Securities and services offered through H2C Securities Inc.: Are Not FDIC Insured; Offer No Bank Guarantee; May Lose Value; Are Not Insured by any Federal Government Agency; Are Not a Deposit. For more information, visit h2c.com.
