LHP Site Location/Incentives Negotiation—Harker Heights, TX

Key Takeaways

  • MBG served on the team for a site location/incentives negotiation of a $100 million full-service hospital and adjacent medical office building.
  • MBG successfully negotiated more than $1 million in incentives resulting from the City of Harker Heights, Bell County, and the local community college.
  • MBG provided an analysis of sites with respective incentives resulting in the most profitable site for the client.

Summary

MBG was retained by LHP Partners to serve on the real estate team for the site location/incentives negotiation of a $100 million full-service hospital and adjacent medical office building.  MBG provided input on the locations relative to the available incentives and practicality of the specific locations. 

Results

LHP Partners located the facility in Harker Heights, TX after MBG successfully negotiated more than $1 million in incentives resulting from the City of Harker Heights, Bell County, and the local community college.  These comprehensive incentives resulted in a profitable location for LHP, now referred to as the Seton Medical Center/Harker Heights.

Background

LHP Partners, now merged with another firm, was a for-profit hospital chain.  MBG assisted this company on projects in Texas, Indiana, Tennessee, New Mexico and Connecticut in evaluating locations and analyzing incentives.

Solution

MBG provided an analysis of sites with respective incentives resulting in the most profitable site for the client.  MBG collaborated with Operations, Finance, and Real Estate team members in identifying those sites that best met the criteria for LHP and then negotiated the incentives with respective governmental entities.