Companies (March 2008)
Former Triad execs launch new firm LEGACY HOSPITAL PARTNERS TO ACQUIRE, OWN HOSPITALS IN PARTNERSHIPS By John Mugford In late January, a group of seven former executives of Plano-based Triad Hospitals Inc. launched a new company to own, operate and manage acute care hospitals. Legacy Hospital Partners Inc. is targeting hospitals in small cities and […]
Transactions (Febraury 2008)
Nationwide mops up MOBs in St. Louis REIT CONTINUES DIVERSIFICATION; TEAMS WITH McSHANE ON $50M PURCHASE By John Mugford Nationwide Health Properties (NYSE: NHP), a publicly traded healthcare real estate investment trust (REIT) based in Newport Beach, Calif., is continuing with its diversification toward owning more and more MOBs. As noted in an article starting […]
Provider Profile: Memorial Hermann (February 2008)
Memorial Hermann keeps spreading out HOUSTON SYSTEM UTILIZES REAL ESTATE, DEVELOPERS TO CONTINUE EXPANSION By Dan Emerson When the Houston-based Memorial Hermann Healthcare System celebrated its centennial in 2007, it did so in style by completing the lion’s share of a $600 million building campaign. Launched in 2005, the Century Project has expanded Memorial Hermann’s […]
People (February 2008)
Lillibridge names John Montgomery to lead development CHICAGO – Lillibridge Healthcare Services in recent weeks announced that John D. Montgomery, SVP, has been appointed to head the company’s development division, which is in Plano,Texas, in the Dallas-Ft. Worth Metroplex. According to company chairman and CEO, Todd W. Lillibridge, Mr. Montgomery will be responsible for all […]
Outpatient Projects (February 2008)
Honolulu to get two new, tall MOBs MONTECITO MEDICAL, HEALTHCARE REALTY TRUST HAVE SEPARATE PLANS By John Mugford Two of the Big Kahunas in healthcare real estate are in the process of developing medical office buildings in the Pacific Ocean paradise of Hawaii. One of the firms is fast-growing Santa Barbara, Calif.-based Montecito Medical Investment […]
Inpatient Projects (February 2008)
Work starts on $747M military hospital FACILITY TO REPLACE 50-YEAR-OLD DEWITT ARMY HOSPITAL IN FORT BELVOIR, VA. By Dan Emerson Construction has started on a 120-bed, $747 million military hospital at Fort Belvoir in southeast Fairfax County,Va.The project is part of an ongoing realignment of U.S. military health facilities. The military hospital is slated to […]
Industry Pulse (February 2008)
MERRIAM, Kansas – Shawnee Mission Medical Center, located in the far western suburbs of the Kansas City metro area of Missouri and Kansas, recently announced plans to buy 42 acres in the southern part of growing Overland Park, Kan., for a future hospital. The hospital campus would be developed in phases, starting with outpatient services […]
Companies: Cogdell Spencer (February 2008)
Cogdell Spencer buys Marshall Erdmann NEW M&A DEAL IS LATEST EXAMPLE OF A MARRIAGE OF REAL ESTATE SERVICE FIRMS By John Mugford Thursday, January 24, 2008 Cogdell Spencer to buy Marshall Erdman for $247M Charlotte Business Journal Cogdell Spencer Inc. has agreed to acquire Marshall Erdman and Associates, a Wisconsin designer and builder of healthcare […]
Publisher’s Letter (February 2008)
Don’t touch that dial! WHY WE SHOULD KEEP WATCHING BAD ECONOMIC NEWS Dear Reader: When I work out in the morning, I always have the TV on to help relieve the tedium. Since I have a short attention span, I usually flip between the local news, CNN, CNN Headline News and CNBC – impatiently jabbing […]
Publisher’s Letter: 5 Years of HREI (January 2008)
Thanks for five successful years – so far LAUNCHED IN JANUARY 2003, HREI™ HAS SURVIVED AND THRIVED THANKS TO YOU Dear Reader: Five years, 60 monthly editions, about 2,500 articles and news briefs, and roughly 1 million words of copy. Those are the facts and figures on what we have published since Healthcare Real Estate […]
Project Case Study: South Texas Oncology (January 2008)
By Dan Emerson San Antonio-based Atlee Development has partnered with a local physician group, South Texas Oncology and Hematology (STOH), to develop a 130,000 square foot cancer center on a 4.6 acre parcel it acquired within the South Texas Medical Center district in San Antonio. The new STOH Cancer Center is slated to begin development […]
Product Focus: Cancer Centers (January 2008)
Cancer centers cropping up everywhere HOSPITALS, HEALTH SYSTEMS SEEING NEED TO CONSOLIDATE CARE, COMPETE By Dan Emerson While cancer is still the leading cause of death among Americans under age 85, medicine has made great strides in helping more patients survive the disease. With the number of cancer deaths continuing to decline, the estimated […]
Outpatient Projects (January 2008)
$100M campus slated for Bethlehem,Pa. COGDELL SPENCER INC. TO DEVELOP FACILITIES, OWN MEDICAL OFFICE BUILDINGS By John Mugford More and more health systems across the country are looking to the development of outpatient campuses to serve patients closer to home and to bolster their competitive edge. A good example of this can be found in […]
Inpatient Projects (January 2008)
For The Record Charlotte, N.C.-based MedCath Corp. (Nasdaq: MDTH) has received zoning approval to build the future Hualapai Mountain Medical Center in Kingman, Ariz., near the state’s border with Nevada. MedCath plans to start construction early this year and complete the 72-bed, 200,000 square foot cardiac hospital project by fall 2009. The facility would have […]
Industry Pulse (January 2008)
BIRMINGHAM, Ala. – The unfinished, massive Digital Hospital just south of Birmingham might get a life of caring for patients after all. Birmingham-based real estate firm Daniel Corp. recently agreed to pay $43.5 million for the 1 million square foot, 13-story hospital and its 103-acre site from Birmingham-based HealthSouth Corp. (NYSE: HLS). The health system […]
