RTKL Associates, a Dallas-based architecture, engineering and planning firm, has acquired AHS International, a Beijing-based healthcare-architecture practice. Terms were not disclosed, but the deal is described as being “structured as a simple asset purchase.”
Dallas architecture firm acquires Beijing outfit
The two firms are working on the 2,200-bed, 1.18 million-square-foot Shanghai Changzheng New Pudong Hospital. Construction is expected to start this year and cost $413 million.
The RTKL-AHS deal comes on the heels of the expected purchase of San Francisco-based healthcare architects Anshen and Allen by the Canadian engineering firm Stantec. While there have been several recent mergers of architecture firms, RTKL Executive Vice President Brad Barker said this one is different.
“Stantec has been trying to get into the U.S. healthcare market for years,” Barker said. “Our goal is to no longer be a U.S. firm that does work around the world, but to be a global firm.”
Barker compared his company's international moves to efforts made by Johns Hopkins, Mayo Clinic and Cleveland Clinic to operate facilities abroad. “You're seeing healthcare become a globalized industry,” he said.
RTKL was acquired by the Amsterdam-based design, engineering and management services consultant Arcadis in 2007.
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