Stantec to acquire healthcare specialist Granary Associates
Stantec has announced that it’s close to finalizing a deal to acquire Philadelphia- and New York-based healthcare facilities design specialist Granary Associates. The transaction is structured as an asset purchase and is expected to close, subject to certain conditions, in early November.
“The staff of Granary Associates have built a reputation as leaders in the healthcare industry and they have an impressive portfolio of projects and clients throughout the US and internationally,” said Bob Gomes, Stantec president and CEO. “They will add considerable depth to our service offering in the healthcare sector.”
With a 31-year history in healthcare facility design, Granary Associates has worked on some of the world’s leading healthcare facilities. For example, the company provided planning and interior architecture services for the Sidra Medical and Research Center in Qatar and project management, architecture, and interior design services for Memorial Sloan-Kettering Cancer Center’s Pediatric Day Hospital in New York City. Granary also worked on the award-winning George Lynn Harmony Pavilion at the AtlantiCare Regional Medical Center in Atlantic City, New Jersey, and provided conceptual design services for the Cadres’ In-Patient Building of the Air Force General Hospital in Beijing, China. The firm is also playing a large role in providing master planning, architecture, and interior design services to Susquehanna Health’s Project 2012 in Williamsport, Pennsylvania, a major modernization of the area’s three-hospital system.
“We are joining Stantec because we know with access to the company’s technical resources and a North American network of professionals we will be able to better serve our current clients and create more opportunities for our staff to grow their careers,” said Michael Arnold, Granary Associates president and CEO, who will continue with Stantec as a Senior Principal.
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