In the transaction, Lubar & Co. partnered with Brian Happ, ERDMAN President and CEO, and members of the management team. The company was sold in conjunction with the sale of its parent, Cogdell Spencer, based in Charlotte, N.C., to Ventas, a large, diversified Real Estate Investment Trust (REIT).
Founded in 1951 by Marshall Erdman, the firm partners with hospitals, integrated health systems and physician groups to provide optimal healthcare facility solutions.
It has seven offices across the country.
Since 1951, ERDMAN has completed more than 4,600 facilities, where more than 55,000 physicians have delivered healthcare to patients and communities.