Becker's Healthcare September 10, 2024
Madeline Ashley

The Northern Michigan University Foundation has sold the former Marquette (Mich.) Hospital site to Veridea Group, a design and development management firm, for $2.5 million.

Ownership of the undeveloped property will be transferred in phases to Veridea, coinciding with demolition completion on the site.

“This is the culmination of years of hard work and countless hours of community engagement to facilitate the transformation of the former Marquette Hospital site and revitalize the surrounding neighborhood,” Brad Canale, CEO of the NMU Foundation, said in a news release shared with...

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Topics: Health System / Hospital, Mergers & Acquisitions / JV, Provider, Trends
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