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
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • 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

  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
  • Will rising retirement needs spark an annuity boom?
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity News

Health/Employee Benefits News

  • Mark Farrah Associates Analyzed the 2025 Medicare Supplement Market
  • 3 Million Seniors Lost Their Medicare Advantage Plan in 2026: 7 Moves to Make Before Your Coverage Lapses
  • Local drop in ACA coverage among highest in state
  • Agent groups speak out against congresswoman’s call to limit MA compensation
  • A Brooklyn Health Clinic Offers a Safety Net For New Yorkers That May Lose Insurance
More Health/Employee Benefits News

Life Insurance News

  • Appeals court rejects investor payouts in latest decision against STOLI
  • Why premium-financed IUL is failing
  • AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
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
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • 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