News

Alliance Formed To Acquire Elanco Campus

July 16, 2024

JULY 15, 2024, GREENFIELD, IN. – Hancock County based, Pride Investment Partners, NineStar Connect, and Hancock Health are thrilled to announce a strategic alliance called HealthStar Partners.  Under this newly formed partnership, the group has acquired the South 20.4 acres of the Elanco campus, including the five primary Elanco buildings located at I-70 and SR-9 in Greenfield, Indiana.  Elanco is departing Hancock County and relocating their headquarters to a new $100 million campus currently being built just west of downtown Indianapolis. 

“The acreage and its prominent location present a lasting economic development opportunity for Greenfield and all of Hancock County, said a representative for HealthStar Partners.  “As the City and County continue to grow, quality businesses will be looking to locate here, and this location will be ideal for them.”  HealthStar Partners is committed to ensuring that this significant property remains under the ownership of local businesses who are deeply committed to the community.  This collaboration underscores the investor group’s collective goal of fostering  developments that serve the interests of local residents and businesses – keeping the community’s best interests at heart.

“Pride Investment Partners is a ‘community first’ investment firm dedicated to fostering developments with pride, passion, and purpose,” said Stephanie White-Longworth, President of Pride Investment Partners. “We believe in the power of local businesses and strive to create opportunities that benefit the communities in which we live and work.”

“NineStar has always sought partnerships with locally controlled institutions such as Hancock Health and Pride Investment Partners when it benefits our members and the community, said Michael Burrow, President & CEO of NineStar Connect.  “When this opportunity presented itself, it was a no brainer.  We couldn’t be more excited for this opportunity and what it presents for the future.”

“Hancock Health is thrilled to join our friends at NineStar Connect and Pride Investment Partners in this new venture at the current Elanco location in Greenfield,” said Steve Long, President & CEO of Hancock Health.  “Elanco has been an incredible asset to our community, and we are pleased that ownership and occupancy of the campus will remain local so we can ensure future development of the property enhances and supports the vision of Greenfield and Hancock County.  Additionally, Hancock Health has desired a location for a medical office building and wellness center near the interstate in Greenfield, and we hope to utilize a portion of the Elanco campus for these long-term plans after Elanco relocates to Indianapolis.”

HealthStar Partners is committed to engaging with local stakeholders to explore and implement projects that reflect the community’s needs and aspirations.  With Elanco’s lease running through mid-2027, there is ample time for HealthStar Partners to thoroughly review and plan future development opportunities for the property.

HealthStar Partners, comprising of Pride Investment Partners, NineStar Connect, and Hancock Health, form alliance to acquire Elanco campus
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