Product Focus: Specialty Hospitals (June 2006)
CMS does not plan to extend suspension SPECIALTY HOSPITALS MIGHT BE ABLE TO COMMENCE DEVELOPMENT IN AUGUST By Sonja Pedersen-Green The Centers for Medicare and Medicaid Services (CMS) recently announced that it is unlikely to extend the suspension on medical payments to new physician-owned specialty hospitals. The ban, which is due to expire on […]
Transactions (June 2006)
Average MOB cap rate drops to sub-7 EVEN THOUGH STAT IS PRELIMINARY, IT INDICATES THAT DEMAND REMAINS STRONG By John Mugford As is usually the case, it might be too early to draw final conclusions from recently compiled statistics of nationwide medical office building (MOB) sales from the first quarter of 2006 (Q1). But […]
Senior Living (June 2006)
Another mega deal – and a push for more AMERICAN RETIREMENT SELLS; CAPITAL SENIOR LIVING IS URGED TO DO THE SAME By Murray W. Wolf Mergers and acquisitions activity in the healthcare services sector topped $4.4 billion during the first quarter, and Q2 activity has been strong so far. However, Q3 M&A closings already in […]
Publisher’s Letter (June 2006)
HREI™ announces Webinar series FOUR ONLINE HEALTHCARE REAL ESTATE CONFERENCES PLANNED Dear Reader: During the past two years, HREI™ has presented occasional educational audio conferences on a range of healthcare real estate topics, including third-party medical office building (MOB) development and ownership, healthcare facilities financing, and legal and regulatory issues affecting medical real estate. […]
People (June 2006)
Rendina Cos. brings on several new executives PALM BEACH GARDENS, Fla. – Rendina Cos. recently announced the appointment of several new executives. Todd H. Varney has been promoted from his position as senior vice president to executive vice president. Mr. Varney was formerly responsible for leasing in the eastern and central regions. Doug Lerner was […]
News & Analysis: Foreign Investment
Foreign money not yet a factor ONLY A FEW DEALS HAVE BEEN DONE, SOURCES SAY By Jessica Griffith Despite a few recent, publicized deals involving offshore investors, foreign currency is making only a few inroads into the American medical office market. While investors both large and small remain enamored with U.S. medical office properties […]
Q&A: Kevin O’Neil, Trammell Crow (June 2006)
Kevin O’Neil leads rapid growth of TCHS TRAMMELL CROW HEALTHCARE SERVICES HAS BECOME A MAJOR PLAYER SINCE 2002 By John Mugford In formally launching a designated healthcare division back in 2002, mega-sized real estate firm Trammell Crow Co. (NYSE: TCC) jumped into the industry full-bore – as outsiders probably would assume a company […]
Project Case Study: Memorial Hermann
Massive project, massive planning HOUSTON’S MEMORIAL HERMANN SYSTEM WRAPPING UP CENTURY BUILDING PROJECT By Jessica Griffith What covers nine campuses, contains more than 3 million square feet and spans 100 years of healthcare history? They say everything is bigger in Texas, and Memorial Hermann Healthcare System’s Century Project is doing plenty to […]
Industry Pulse (June 2006)
Industry Pulse CLEVELAND — Cleveland Clinic recently launched an ambitious five-year, $1.25 billion fundraising campaign to generate major financial support for the provider in four major areas. The clinic is seeking $440 million to support a capital improvements campus master plan, $300 million to support clinical and basic research, $275 million for medical and patient […]
Granite Partners Panel 3 (June 2006)
Money, money, money! EXPERTS POINT OUT WAYS TO MAXIMIZE RETURNS ON MEDICAL REAL ESTATE Editor’s Note: This is the final installment of a three-part series of articles covering a recent conference in New York titled: “Breaking New Ground: The Escalating Flow of Capital to Medical Real Estate.” Healthcare Real Estate Insights™ was on hand to […]
