Three local companies form alliance to acquire Elanco campus

HealthStar Partners, comprising of Pride Investment Partners, NineStar Connect, and Hancock Health, buying Elanco 20+-acre campus, keeping it ‘all local’ and preserving its future

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," HealthStar Partners said in a statement. “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.

About Pride Investment Partners, LLC

Pride Investment Partners, LLC is based in Greenfield, Indiana and was founded in 2000 by siblings Keith White and Stephanie White-Longworth. Pride is a real estate and direct equity investment firm with a wide variety of ventures in retail, hotels, and residential and commercial real estate development. Pride’s experience as a group is expansive and includes key members that were part of the executive team for GasAmerica Services, Inc., a large chain of convenience stores that operated out of Indiana and Ohio for nearly 30 years. Pride Investment Partners is actively involved in a number of projects and seeking new investment opportunities utilizing their overarching areas of expertise. For more information, visit prideip.com.

About NineStar Connect

NineStar Connect is an innovative, community-minded, communications, energy, water and sewer cooperative. We don’t have shareholders or investors: We’re a 127-year-old, nonprofit cooperative organization, owned by our members—the friends and neighbors we serve across East Central Indiana. We’re committed to the best services at the most affordable rates possible for electricity, internet, telephone services, and more.

About Hancock Health

Hancock Health is an independent, full-service healthcare network serving East Central Indiana. A proud member of the Mayo Clinic Care Network, Hancock Health has been nationally recognized for outstanding clinical outcomes by The Leapfrog Group and the Lown Institute. The network includes Hancock Regional Hospital and more than 30 other facilities, such as wellness centers, women's clinics, family practices, the Sue Ann Wortman Cancer Center, Hancock Surgery Center, and Gateway Hancock Health. In addition to our membership in the Mayo Clinic Care Network, we offer enhanced patient care through our relationships with Suburban Health Organization, Peyton Manning Children’s Hospital, and the Ascension St. Vincent Heart Center.