Dive Brief:
- Falls Church, Virginia-based HITT Contracting has acquired Central Consulting & Contracting, a healthcare construction firm based in Newark, New Jersey, the builder announced in a March 11 news release.
- Richard Simone, Central’s CEO, has joined HITT’s New York team as vice president. He will work closely with HITT’s New York leadership to ensure a seamless transition, while Central’s team members have also officially joined HITT, per the release. The additions expand HITT’s local presence to more than 70 New York-based team members.
- The acquisition positions HITT to meet increasing demand for medical facilities in one of what it says is the largest and fastest-growing healthcare markets in the U.S., according to the news release.
Dive Insight:
HITT’s move strengthens its presence in the tri-state area of New York, New Jersey and Connecticut, according to the release. The need for medical facilities and healthcare construction as America’s population ages presents a wealth of new opportunities for contractors throughout the country, wrote Mary Scott Nabers, CEO of research and consulting firm Strategic Partnerships Inc., in a Dec. 10 opinion article.
Central Consulting & Contracting brings a portfolio of projects and longstanding relationships with major healthcare institutions in the tri-state area, including Englewood Health, Montefiore Health System and St. Barnabas Health System Bronx.
HITT declined to share the acquisition price on the deal.
“For more than 30 years, Central has been a trusted leader in healthcare construction, earning a strong reputation across the New York region. We’re proud to welcome their team of experts to HITT,” said Andre Grebenstein, HITT vice president and New York office leader.
