MOST HOSPITALS HAVE MANY COMPELING REASONS
By Robert A. Rosenthal AIA
To the Publisher:
In a recent Publisher’s Letter (“Thanks for the reminder” in the April 2005 edition of Healthcare Real Estate Insights™), Michael J. Culotta, chief financial officer of LifePoint Hospitals, was quoted about the ownership of medical office buildings (MOBs) by hospitals. He advanced the argument in favor of hospitals developing, financing, leasing and owning MOBs.
Mr. Culotta’s company is fortunate that it has the cash or debt capacity to own these buildings. Many healthcare systems must devote their scarce resources to improving their core assets and investing in new programs and services.
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