Editor’s Letter: Not sure there’s space…
BUT WE HAVE ADDED ANOTHER NEWS SECTION By John B. Mugford Dear Reader: As noted in the headline above, I’m not sure that we have room for any more material – let alone a whole new section of news – in Healthcare Real Estate Insights™. But damn the torpedoes, we’re adding a new section anyway. […]
Product Focus: Proton Beam centers taking off
DESPITE HIGH COSTS, ENTITIES FORGING AHEAD WITH CENTERS AROUND COUNTRY By Jessica Griffith When ProVision Healthcare LLC solidified its plans for a comprehensive cancer campus in Knoxville, Tenn., it was a “no-brainer” to include a proton therapy center. “Right now, proton therapy is one of the most cutting-edge treatments you can receive,” says Scott Warwick, […]
People: HTA’s Engstrom joins HREI™ edit board
HE REPLACES PETERS; LILLIBRIDGE DEAL ALSO PROMPTS UNRELATED CHANGE By Murray W. Wolf The world of healthcare real estate is ever changing, and that has recently been reflected by the Healthcare Real Estate Insights™ Editorial Advisory Board. Mark D. Engstrom, executive VP – acquisitions for Healthcare Trust of […]
Provider News: Community Health buying two systems
PUBLICY TRADED HEALTHCARE SYSTEM SNAPPING UP STRUGGLING HOSPITALS By John Mugford Franklin, Tenn.-based Community Health Systems Inc. (NYSE: CYH) recently went on a bit of a buying spree, acquiring two hospital systems: one in Ohio and the other in South Carolina. The purchases expanded the company’s portfolio to more than 125 hospitals and 18,000 beds […]
Lillibridge starts on Baton Rouge MOB
PROJECT IS FIRM’S FIRST NEW DEVELOPMENT SINCE BEING ACQUIRED BY VENTAS By John Mugford Ventas Inc. (NYSE: VTR) and Chicago-based Lillibridge Healthcare Services Inc. made big news this summer. When Chicago-based Ventas, one of the country’s largest healthcare real estate investment trusts (REITs), announced in June that it would acquire Lillibridge in a deal valued […]
Outpatient Projects: NexCore starts new project in Illinois
DENVER-BASED FIRM WILL DEVELOP, OWN $52 MILLION PROJECT NEAR CHICAGO By John Mugford Denver-based NexCore Group broke ground in recent days on a six-story, 182,000 square foot Medical Services Building (MSB) on the campus of the future Silver Cross Hospital under construction in New Lenox, Ill., just outside of Joliet and about 30 miles from […]
Transactions: HTA agrees to Pittsburgh purchase
REPORTS SAY WEST PENN ALLEGHENY SYSTEM MIGHT OCCUPY ENTIRE BUILDING By John Mugford Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) in recent weeks was poised to make a second major acquisition in Pittsburgh. HTA recently agreed to acquire the Alcoa Business Services Center, a six-story, 230,000 square foot office property located across the street […]
Capital Markets Snapshot: Medical R.E. metrics match peak years
THE SECTOR CONTINUES TO DEMONSTRATE LOW-VOLATILITY, STABLE CASH FLOWS By Cain Brothers It is now two years since the world’s financial markets experienced the shock and panic of the collapse of Lehman Brothers and the bailout of AIG. Until late September 2008, the capital markets for medical real estate seemed largely immune from the challenges […]
Special Report: What’s ahead for MOBs?
PROVIDERS PONDER IMPACT OF INDUSTRY TRENDS By John Mugford For the most part, the passage of healthcare reform was looked upon as a positive for the medical office building (MOB) sector. After all, conventional wisdom says that if more people – an estimated 32 million more – have access to healthcare services there will be […]
News & Analysis: Sold: Three Denver MOBs
SEPARATE DEALS WITH TWO BUYERS NET $53.25M By John Mugford The notion that investors are ready and willing to pay good money for high-quality, well-located medical office buildings (MOBs) held true in Denver in recent weeks. Three MOBs offered by the company that developed them, Development Solutions Group LLC, which has offices in Denver and […]
Industry Pulse: September 2010
WOODBURY, Minn. – The design and scope of medical office buildings (MOBs) have been evolving ever since their inception. Now, in the Twin Cities suburb of Woodbury, perhaps a new hybrid has emerged that combines an MOB with an urgent care and an emergency room. It is to be called the Urgency Room and is […]