Amedisys has sold its Sherwood Forest Boulevard headquarters to the Franciscan Missionaries of Our Lady Health System for $20 million.
The 110,000-square-foot facility and property in and around the headquarters will serve as the future home for some of the support services currently housed at Our Lady of the Lake’s Essen Lane campus, hospital spokeswoman Kelly Zimmerman says. The hospital will determine which support services will move during the next six to 12 months into the space that can hold about 600 health system employees. Franciscan Missionaries of Our Lady Health System is the parent company of OLOL, as well as four other hospitals in Bogalusa, Lafayette, Gonzales and Monroe.
Franciscan Missionaries of Our Lady Health System CEO John Finan says in a news release that the Sherwood Forest space “seems like an ideal fit for our needs” and ends the system’s lengthy search for administrative space in which to consolidate support services from its many locations in the greater Baton Rouge area.
“As ministry stewards we always want to reduce costs and improve efficiency, the opportunity to purchase this building allows us to significantly reduce the annual expenditure on our leased space and our teams can also focus on uninterrupted productivity that avoids future relocations,” Finan says.
The CEO also touts the building’s centralized location among the health system’s corporate office, the main hospital campus on Essen Lane, Our Lady of the Lake Livingston, St. Elizabeth Hospital in Gonzales and several other doctor’s offices.
Employees for the two companies will share the space for the next six months while Amedisys transitions its 400 employees to its new location in Suite A at 3854 American Way, Amedisys CEO Paul Kusserow says in the news release. He adds that space fits the company’s current and future needs.
Amedysis purchased the site, which had been a Schwegmann’s grocery store, for $4.2 million in 2005. The company spent several years and several million dollars renovating the facility, adding skylights and atriums to convert the building into an administrative space.
The sale comes after Amedisys announced plans in July to open a satellite office in Nashville and move its top 33 executives there. The company was founded in Baton Rouge in 1982 and has 13,000 employees in 34 states.
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