Johnson Development has been ranked No. 9 among the nation’s Top 20 healthcare development companies by Modern Healthcare magazine, based on the dollar volume of transactions in 2011.
The company, which specializes in developing, financing and managing medical office buildings, completed projects worth $184.8 million in 2011. Of the 20 companies in Modern Healthcare’s list, a total of 17, including Johnson Development, posted increases in volume vs. the previous year.
Medical real estate projects often involve a long timeframe from planning to completion, a function of the unpredictable nature of the economy, restriction on capital in the healthcare sector, and changing healthcare regulation. So for a developer, a combination of staying power and tenacity is required for success.
“Getting projects completed requires having the flexibility to navigate a constantly changing environment,” said James Milton Johnson, President of Johnson Development. “We are extremely pleased to be recognized for our 2011 performance, and are looking forward to 2012, with projects underway in Texas, Florida, Tennessee and Alabama.”
About Johnson Development:
Johnson Development is a leading healthcare real estate company specializing in the planning, financing, development and management of medical office buildings and outpatient facilities. Consistently ranked by Modern Healthcare as one of the leading medical office building developers in the U.S., Johnson Development has served hospital and physician clients throughout the country. For more information about Johnson Development, see www.johnsondevelop.com.