The University Hospital Awards Professional Services Contract to Anchor Health Properties (June 2026)
The University HospitalPublic Hospital · Newark, NJ- Disclosed value
- Up to $16 million in predevelopment activities; approximately $3.6 million in previously authorized preliminary work funded by state appropriations
- From resolution
- Approved
- Jun 25, 2026
The 30-second brief
The University Hospital Board approved entering into a Predevelopment Agreement with Anchor Health Properties for up to $16 million in predevelopment activities for the new Medical Office Building project. Anchor Health Properties will initially fund predevelopment costs under a cost-reimbursement structure, with a master development agreement to be finalized later subject to Board approval.
Anchor Health Properties holds this professional services contract with The University Hospital.
Term as filed: Through completion of predevelopment phase for the Medical Office Building project (predevelopment activities authorized through at least August 2026 for certain preliminary work).
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Contract details
- Contract type
- Professional Services
- Amount
- Up to $16 million in predevelopment activities; approximately $3.6 million in previously authorized preliminary work funded by state appropriations
- Document date
- June 25, 2026
- Term
- Through completion of predevelopment phase for the Medical Office Building project (predevelopment activities authorized through at least August 2026 for certain preliminary work)
- Vendor
- Anchor Health Properties
- Agency
- The University Hospital
- Source document
- University Hospital Resolution Approving Predevelopment Agreement for Medical Office Building Development 2026-06-25 (Resolution)
Anchor Health Properties's other public contracts
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Questions about this contract
Who was awarded the professional services contract by The University Hospital?
Anchor Health Properties was awarded this professional services contract by The University Hospital, as recorded on June 25, 2026. The contract value is Up to $16 million in predevelopment activities; approximately $3.6 million in previously authorized preliminary work funded by state appropriations.
How much is the Anchor Health Properties contract with The University Hospital worth?
The Anchor Health Properties contract with The University Hospital is valued at Up to $16 million in predevelopment activities; approximately $3.6 million in previously authorized preliminary work funded by state appropriations, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in University Hospital Resolution Approving Predevelopment Agreement for Medical Office Building Development 2026-06-25 (Resolution), dated June 25, 2026 from The University Hospital. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Anchor Health Properties hold?
Anchor Health Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is The University Hospital currently buying?
Explore The University Hospital's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.