St. Barnabas buys former Michael Baker headquarters for $10.3 million - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 28, 2018 Newswires
Share
Share
Post
Email

St. Barnabas buys former Michael Baker headquarters for $10.3 million

Beaver County Times (PA)

April 27--BRIGHTON TWP. -- One of Pennsylvania's largest health-care systems has purchased the former headquarters of Michael Baker International in Brighton Township.

St. Barnabas Health Systems, based in Gibsonia, Allegheny County, purchased the two-story building and the 175 acres it sits on along Dutch Ridge Road. The terms of the sale were not disclosed by the company, but a deed filed with Beaver County lists the sale price as $10.29 million.

In a news release, company officials said they are planning for "new retirement living apartments, carriage homes, living-assistance facilities, skilled nursing care, rehabilitation services, home care and many recreation programs" at the site.

A St. Barnabas spokesman said Beaver County residents likely won't see major changes to the Michael Baker building anytime soon. That's because Shell Chemicals Corp. is currently leasing the space, and St. Barnabas will let that lease expire before renovating or upgrading the space to fit its needs.

"Shell will remain the tenant there," spokesman Jim Lauteri said. "We're not doing anything right now related to any kind of improvements. What we'll do is start to develop plans for the whole site and for what we want to do there, when we want to do it."

Lauteri said he didn't know the length of Shell's lease.

Shell spokesman Joe Minnitte on Friday couldn't say exactly when the lease expires but noted that the company is using the building only "short term, while constructing our facility (in Potter Township)."

"Once constructed, we will locate our office staff to the administration building, which will be located on site," he added. "We expect to fully transition to the site administration building early next decade."

Lauteri said people can look to St. Barnabas' history to get a glimpse of what could be coming to Brighton Township. More than 50 years ago, he said, St. Barnabas occupied an "average-sized building" surrounded by farmland in Gibsonia. Over time, the company continually added on to that development and constructed a complex that now includes a retirement apartment building for 300 residents, a medical center and an assisted-living facility.

That's not to mention 185 carriage homes and other facilities that have been added over the decades.

"We looked at the opportunities that presented themselves near our campus, and we expanded," he said. "We'll look at the Michael Baker property with long-term planning in mind."

This isn't St. Barnabas' first development in Beaver County. It already operates the 75-bed St. Barnabas Beaver Meadows assisted-living facility on Tuscarawas Road in Brighton Township.

Lauteri added that it's not hard to see why St. Barnabas wanted to increase its presence in Beaver County.

"When you see all the positive things that are happening in the county, it's a county that is going to grow obviously with the Shell investment," he said. "We just think it has great potential, and it's just a good community to be part of."

He added that the Michael Baker building's proximity to Interstate 376 was an added bonus, as it provides easy access for friends and family who might want to visit.

St. Barnabas, which was founded in 1900, operates three retirement communities, five assisted-living facilities, two skilled nursing homes, home care, hospice, and a community outpatient medical and dental center.

___

(c)2018 the Beaver County Times (Beaver, Pa.)

Visit the Beaver County Times (Beaver, Pa.) at www.timesonline.com

Distributed by Tribune Content Agency, LLC.

Older

BRIEF: FEMA affirms floodwall fix for Valley City

Newer

Eagle View Technologies Assigned Patent for Performing Risk Management Assessment of Property

Advisor News

  • NAIFA: Financial professionals are essential to the success of Trump Accounts
  • Changes, personalization impacting retirement plans for 2026
  • Study asks: How do different generations approach retirement?
  • LTC: A critical component of retirement planning
  • Middle-class households face worsening cost pressures
More Advisor News

Annuity News

  • Trademark Application for “INSPIRING YOUR FINANCIAL FUTURE” Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Jackson Financial ramps up reinsurance strategy to grow annuity sales
  • Insurer to cut dozens of jobs after making splashy CT relocation
  • AM Best Comments on Credit Ratings of Teachers Insurance and Annuity Association of America Following Agreement to Acquire Schroders, plc.
  • Crypto meets annuities: what to know about bitcoin-linked FIAs
More Annuity News

Health/Employee Benefits News

  • $2.67B settlement payout: Blue Cross Blue Shield customers to receive compensation
  • Sen. Bernie Moreno has claimed the ACA didn’t save money. But is that true?
  • State AG improves access to care for EmblemHealth members
  • Arizona ACA enrollment plummets by 66,000 as premium tax credits expire
  • HOW A STRONG HEALTH PLAN CAN LEAD TO HIGHER EMPLOYEE RETENTION
More Health/Employee Benefits News

Life Insurance News

  • Corporate PACs vs. Silicon Valley
  • IUL tax strategy at center of new lawsuit filed in South Carolina
  • National Life Group Announces 2025-2026 LifeChanger of the Year Grand Prize Winner
  • International life insurer Talcott to lay off more than 100 in Hartford office
  • International life insurer to lay off over 100 in Hartford office
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • RFP #T22521
  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
  • RFP #T25221
  • LIDP Named Top Digital-First Insurance Solution 2026 by Insurance CIO Outlook
  • Finseca & IAQFP Announce Unification to Strengthen Financial Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet