Porter Hospital campus sold to VU • Northwest Indiana Business Magazine

Porter Hospital campus sold to VU

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VALPARAISO – Officials from Porter Hospital and Valparaiso University have announced the sale of the hospital campus.

“The purchase of this property is a strategic investment for the university that is directly aligned to the strategic plan and support its growth objectives,” said university President Mark A. Heckler. “The acquisition of this land will ensure that the physical environment of the campus supports the expansion goals of the university while creating even deeper connection between the university and the city of Valparaiso.”

The hospital building will be demolished and the land environmentally remediated as part of the purchase agreement. Some of the hospital’s property, such as the parking garage, may be retained.

Details on the purchase were not announced by either party.

The purchase is expected to be completed in 2013 when the new Porter Hospital is opened.

“This is an exciting time for Valparaiso University as we make important investments that will help to shape our campus, create stronger bonds with the city of Valparaiso and further support the growth initiatives of the university’s strategic plan,” said Heckler.

Joining Heckler at the announcement was Jonathan Nalli, CEO of Porter Health System.



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