Major Health Center Planned for Cleveland, Ohio, Area

200-bed hospital, surgery center, physician offices and more planned for suburban Cleveland

"Our existing hospitals continue to meet the needs of their communities, and, therefore, they remain an important part of our overall strategy. In fact, we have invested in significant projects at Bedford, Richmond Heights and Geauga as part of our Vision 2010 strategy," said Dr. Demetriou. "The addition of our new Center adds to our ability to serve all the patients in that region."

Pending local government approvals, construction will begin in 2007. The medical office building is scheduled to open in 2008, the ambulatory surgery center in 2009 and the hospital in 2010.

University Hospitals Health System is celebrating 140 years of caring for Cleveland. Its 947-bed, tertiary medical center, University Hospitals of Cleveland (UHC), is the primary affiliate of Case Western Reserve University (Case). Together, they form the largest center for biomedical research in the State of Ohio. The System provides the major clinical base for translational researchers at the Case Research Institute, a partnership between UHC and CWRU School of Medicine, as well as for clinical trials involving the most advanced treatments. Included in UHC are Rainbow Babies & Children's Hospital, the number one children's hospital in the Midwest; Ireland Cancer Center, designated by the National Cancer Institute as a Comprehensive Cancer Center (the nation's highest designation); and MacDonald Women's Hospital, Ohio's only hospital for women.

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Chagrin Highlands Ltd., is a partnership formed in the mid-1990's between The Richard E. Jacobs Group, Inc. and STI Properties, Inc., a former affiliate of Figgie International and now Scott Technologies, Inc. As the managing partner, the Jacobs Group has long been one of America's premier owners and developers of commercial real estate. Founded in 1955, the privately-held company remains today as a major national developer of office buildings, retail shopping centers, hotels, and mixed-use projects. Headed by its co- founder and Chairman, Richard E. Jacobs, the firm is headquartered in Westlake, Ohio. In addition to Chagrin Highlands, the Jacobs Group's local properties also include Key Center in downtown Cleveland, the redevelopment of Westgate Mall in Fairview Park, and various other developments in Northeast Ohio and in several other states.