Simone Healthcare Development Group Appoints
Joseph Kelleher as President

Seasoned Veteran to Oversee Division Focusing on Development and Management of Turnkey Outpatient Healthcare Facilities in
the New York Metro Area
BRONX, NY – March 5, 2013 – Simone Healthcare Development Group, a division of Simone Development Companies focused on building turnkey outpatient medical facilities in partnership with health care providers in the New York metropolitan area, has appointed Joseph Kelleher as its President. Joseph Simone, Principal of Simone Healthcare Development Group and President of Simone Development Companies, made the announcement.

“Joe Kelleher’s combination of vast experience and wise judgment make him the ideal senior executive to guide Simone Healthcare Development Group as we grow in response to increasing client demand for our services as a full-service health care real estate development and management partner,” Mr. Simone said. “Simone Healthcare Development Group represents a new stage in the evolution of our longstanding relationship with the medical community in the New York City metropolitan region. As hospitals and other health care providers look for new and innovative ways of delivering the best care, we are partnering with them to develop and manage the new facilities they need in order to accomplish those goals.”

The Simone Healthcare Development model contemplates a long-term relationship with the healthcare provider that encompasses every aspect of locating, designing, building, and operating a new facility. The company is actively working with Montefiore Medical Center, Mount Sinai Hospital, and other major health care providers on new outpatient care centers. In partnership with Montefiore, Simone Healthcare Development Group is building a 280,000-square-foot, state-of-the-art multidisciplinary ambulatory care center within Simone’s 42-acre Hutchinson Metro Center office park in the Bronx. Simone Healthcare Development Group also recently acquired the Park Avenue Medical Arts Center on East 88th Street in Manhattan, which the company will renovate and update in accordance with the needs of medical tenants.

“This appointment is exciting, considering the current pipeline of activity at Simone Healthcare Development Group,” said Mr. Kelleher. “There’s an incredibly strong need for new outpatient facilities as the healthcare industry responds to seismic changes in the way medical services are delivered, and our company is uniquely positioned to help our clients navigate their facility needs through our complete array of real estate services.”

Simone Healthcare Development Group provides a full range of services to its clients, including Strategic Planning, Site Selection and Acquisition, Design/Construction/ Development, Financing/Ownership, and Medical Building Facilities Management. “We strive to engage with healthcare providers at the earliest possible stage of the expansion process to achieve the best outcome, and to remain a trusted advisor and long-term partner through every step of development and after completion of the facility,” Mr. Kelleher added.