Froedtert Health buys LifeCare Hospitals building in Waukesha for $30.6 million

Hospital will continue to operate at Golf Road location under lease with Froedtert

Froedtert Health purchased the LifeCare Hospitals of Wisconsin building and property in Waukesha for $30.6 million.

Last updated on May 15th, 2019 at 04:53 pm

Froedtert Health has purchased the LifeCare Hospitals of Wisconsin building in Waukesha for $30.6 million, according to state records.

Froedtert Health bought the property at 2400 Golf Road from HCRI Wisconsin Properties, LLC, based in Toledo, Ohio. HCRI Properties is registered to Welltower Inc., a health care real estate investment trust.

Froedtert spokesperson Kathy Sieja said the Wauwatosa-based health care system has not acquired LifeCare Hospitals of Wisconsin and that LifeCare will continue to independently operate its hospital at the Waukesha location under a lease with Froedtert.

The 75,000-square-foot specialty hospital treats medically complex and critically ill patients who require extended acute care hospitalization.

Froedtert & the Medical College of Wisconsin has operated its 7,800-square-foot Lake Country Surgery Center, located adjacent to the hospital, since it opened in 2016. Froedtert & MCW will continue to operate the outpatient surgery center, Sieja said.

“Froedtert Health has no additional plans for the Golf Road site at this time,” Sieja said.

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