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Financing & Investment

Psychiatric Solutions to buy Ardent Health’s behavioral division FRANKLIN, Tenn. – Psychiatric Solutions Inc. (Nasdaq: PSYS) of Franklin says it has entered an agreement to purchase 20 inpatient psychiatric facilities for $560 million from Nashville, Tenn.-based Ardent Health Services. The 20 facilities, which have a total of about 2,000 inpatient beds, produced about $300 million […]

The future Mercy Regional Medical Center medical office building will contain about 160,000 square feet and be owned by an LLC comprised of the hospital, the developer and physicians who choose to invest.

Project Caset Study: Equity draws physicians to new MOB

NEW FACILITY WILL ALSO HELP COLORADO PROVIDER TO BE MORE COMPETITIVE By John Mugford What’s a not-for-profit hospital to do when physicians and investors open a competing for-profit surgery center and specialty hospital? The strategy for Mercy Regional Medical Center in Durango, Colo., is to bring in a third-party to develop, finance, own and manage […]

Los Angeles Area Medical Real Estate Projects

Despite the struggles of some California providers, there are plenty of cranes on the Los Angeles area skyline. The capital improvement projects are far too numerous to mention. But, here are some of the most significant ones: Los Angeles County and USC Medical Center (LAC+USC), Los Angeles. Completion is slated for January 2007 for this […]

Market Snapshot: Medical real estate firms still love L.A.

BUT CALIFORNIA’S TROUBLED HEALTH SYSTEM CASTS DOUBT OVER THE FUTURE By Murray W. Wolf The Los Angeles area has enjoyed a sustained healthcare real estate boom in recent years. That’s been a godsend for medical real estate developers, lenders, investors, brokers, designers, builders and other professionals – especially those who anticipated the opportunity and were […]

News & Analysis: Moratorium discussed in Wisconsin

SOME BLAME RISING HEALTH COSTS ON TOO MUCH HOSPITAL CONSTRUCTION By John Mugford Efforts to enact a moratorium on new hospital construction in Wisconsin failed in 2002. But the idea recently resurfaced with some Wisconsin politicians talking about the possibility of an 18- to 24-month statewide ban. Their stated goal was to give lawmakers time […]

Publisher’s Letter: Thanks for the reminder

NOT EVERY SYSTEM WANTS TO OUTSOURCE MOBs Murray W Wolf Dear Reader: A lot has been written during the past few years – much of it by us – about the trend toward third-party development and ownership of medical office buildings (MOBs). Given the apparent advantages of this strategy, one might jump to the conclusion […]

Louis S. Sachs and Paula R. Crowley

Company Profile: Firm touts retail strategy

ANCHOR HEALTH TAKES ITS CUES FROM CONSUMERS By Beth Mattson-Teig Healthcare today is demanding new ways of delivering outpatient services. To officials of Anchor Health Properties LCC, the solution is simple: retail. That contention is perhaps not surprising given the pedigree of the two founders of the Wilmington, Del.-based medical real estate firm. Before launching […]

Special Focus: Is 2005 time to borrow?

RAISING CAPITAL COULD BE TOUGHER NEXT YEAR By Jessica Griffith From Virginia to California, healthcare systems are looking at their aged buildings and drawing plans for renovations, additions and replacement hospitals. Industry experts say 2005 could be one of the best years this decade to finance those projects. Healthcare providers will experience relative credit stability […]

Industry Pulse: April 2005

SACRAMENTO, Calif. – Two Sacramento hospitals are encountering resistance to their plans for expansion projects. According to a recent report in the Sacramento Bee, a dozen Sacramento neighborhood organizations recently teamed up for a public forum to air concerns about the size and location of two expansion projects: a $456 million renovation project at the […]