LATEST DEVELOPMENTS INCLUDE MOBs, AMBULATORY CENTER, HEALTH VILLAGE
By John Mugford
In recent months, newspaper headlines too numerous to count have noted that the country’s economy is in difficult straits.
But also in recent months, Chicago-based Lillibridge, a healthcare real estate firm, has announced a number of new medical development deals and projects it is working on throughout the country.
The people at Lillibridge are quick to point out that the company’s robust pipeline – which totals more than 25 projects in various stages of development and planning – does not necessarily indicate that the healthcare industry and, subsequently healthcare real estate, is immune to economic woes.
In fact, the folks at Lillibridge note that while the firm’s pipeline should remain strong throughout 2009 because of previous development agreements, the number of development deals industry wide could see a slowdown starting in 2010. Experts say that even though demand for outpatient facilities should continue to rise in years to come because of demographics, such a slowdown could be prompted by financial difficulties faced by numerous hospitals and health systems both large and small.
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