Market Focus: Providers are racing for profits in Indy
HOOSIER HEALTH SYSTEMS LOOK TO OTHERS’ TURF TO REV UP MARKET SHARE By John Mugford For as long as folks familiar with the Indianapolis healthcare scene can remember, the metropolitan area’s four major hospital systems operated on somewhat friendly terms. That’s because each stayed within its own turf. For years, Indy’s healthcare scene looked like […]
Project Case Study: Historic hospital adapts to new needs
SHEPPARD PRATT UPGRADES VENERABLE PSYCHIATRIC FACILITY IN MARYLAND By Jessica Griffith A 19th century vision of humane care for the mentally ill will continue into the new millennium, thanks to an expansion and renovation of the 114-year-old Sheppard and Enoch Pratt Hospital in Towson, Md. The $92 million, five-story hospital is located next to the […]
Product Focus: Behavioral health facilities in demand
REAL ESTATE DEMAND IS CATCHING UP WITH SUPPLY FOR RE-EMERGING INDUSTRY By Jessica Griffith The number of freestanding behavioral health hospitals in the United States stands at 500, virtually unchanged from a decade ago. However, demand is catching up with supply and the market is hot for acquisitions. Plus, new construction is beginning to surface. […]
Provider Profile: Old nemesis now a potential partner
MEDCATH SHIFTS ITS STRATEGY IN WAKE OF SPECIALTY HOSPITAL MORATORIUM By Beth Mattson-Teig Prior to late 2003, many hospitals across the country probably viewed Charlotte, N.C.-based MedCath Corp. (Nasdaq: MDTH) as the enemy – a major competitor to their cardiovascular services. These days, however, MedCath is hoping some of those same hospitals take a second […]
News & Analysis: Novant to sell $100 million+ portfolio
MEANWHILE, BAPTIST DEAL IS NEARLY DONE; COULD FETCH ALMOST $60 MILLION By Murray W. Wolf Novant Health Inc. of Winston-Salem, N.C., plans to sell seven medical office buildings (MOBs) totaling more than 700,000 square feet, a portfolio that will probably fetch more than $100 million. That’s according to a principal with the investment bank that […]
Publisher’s Letter: Ground floor opportunity
Dear Reader: Wolf Marketing & Media, the publisher of Healthcare Real Estate Insights™, will soon launch two exciting new publications that will help you to profit from two more emerging real estate niches. Bioscience Real Estate Insights™ will cover real estate news and trends in the huge, fast-growing bioscience industry and Education Real Estate Insights™ […]
News & Analysis: Katrina’s consequences
FATE STILL FOGGY FOR GULF COAST MED FACILITIES By John Mugford Hurricane Katrina struck more than a month ago. Yet, the future of many affected healthcare facilities – and the implications for the Gulf Coast medical real estate market – remain difficult to forecast. The massive hurricane’s eye made landfall near New Orleans on Aug. […]
Financing & Investment: CNL and Cirrus team up
FIVE YEARS OR $1 BILLION, WHICH EVER COMES FIRST By Murray W. Wolf CNL Retirement Properties Inc., which in August 2004 acquired 55 percent of DASCO Cos., is teaming with another medical real estate developer to invest up to $1 billion in medical real estate during the next five years. Nothing has been formally announced, […]
Industry Pulse: October 2005
SPRINGFIELD, Ohio – Community Mercy Healthcare Partners has reached an agreement with local officials on a 45-acre site for a $280 million healthcare campus that the provider plans to build in this west-central Ohio city. The new hospital would be the result of a merger between two long-time Springfield providers: Springfield Community Hospital and Mercy […]