The Clinical Group and Mediplex Property Group form strategic alliance

Hackensack, NJ The Clinical Group and Mediplex Property Group formed a strategic alliance, combining two firms whose principals have collaborated on healthcare real estate projects for more than a decade.

Under the alliance, Mediplex — with 18 years of healthcare real estate development experience since its founding in 2008 — will enhance the development capabilities of Clinical Capital Partners, which is The Clinical Group’s development and investment arm. In addition, the alliance will support the launch of the Physicians Fund to fund projects alongside institutional partners through programmatic development, JV partnerships, and other capital vehicles. Jeffrey Goldstein, a principal at Mediplex, will spearhead day-to-day development activities and project-level investment decisions for the combined CCP pipeline going forward.

The Clinical Group will, in turn, provide Mediplex with a deep bench of experienced professionals — healthcare operators who advise clients having grown MSOs, specialty practices, and health systems, alongside brokers who specialize in medical real estate with experience in single-site and multi-site transaction management and portfolio management — enhancing Mediplex’s current property portfolio and serving as a pipeline for future assignment-driven development opportunities across the multiple geographic markets where The Clinical Group operates.

The firms will look to immediately capitalize on the alliance by jointly pursuing a series of assignment-driven development and sale-leaseback opportunities in the Pennsylvania and New Jersey markets. The alliance will be further complemented in these efforts with involvement from Hendrie Lane Capital who will join the team as an investor with additional institutional investors expressing interest as well, validating the model the firms intend to replicate across future projects.

“This alliance solidifies what has been a loose affiliation between our two firms for some time and cements our ability to become a leading, full-service healthcare real estate platform for our specialty physician practice and health system portfolio clients,” said Jonathan Marks, founder, CEO and managing member of The Clinical Group. “I’ve worked with the Mediplex team for more than a decade on many successful projects, and I can’t think of another company better suited to meet the needs of our growing development services as part of a fully integrated healthcare real estate offering across the platform.”

 Goldstein said, “For 18 years, Mediplex has developed exceptional properties that have produced superior returns for our investors. The opportunity to enhance our offering with a team of The Clinical Group’s caliber means we can better meet the changing landscape of healthcare real estate delivery while continuing to exceed investor expectations. This alliance is a natural progression as we look toward our next chapter.”