Provider News: New hospital could be part of merger
UNIVERSITY OF MARYLAND WOULD ADD DIMENSION HEALTHCARE INTO NETWORK By John Mugford During a time when quite a few financially healthy healthcare systems are acquiring or absorbing struggling ones, there’s a question of whether these newly merged entities will need new facilities. In Maryland, it looks as if this could indeed be the case, as […]
Inpatient Projects: Alabama hospital buyer plans rebuild
TENNESSEE-BASED REGIONALCARE PLANS $227 MILLION REPLACEMENT FACILITY By John Mugford When Brentwood, Tenn.-based RegionalCare Hospital Partners acquired the assets of Coffee Health Group in Florence, Ala., in mid-2010, it pledged to seek state approval to build a replacement hospital for Eliza Coffee Memorial Hospital, which serves much of northwest Alabama. In recent weeks, the for-profit […]
Outpatient Projects: Seavest starts MOB on R.I. campus
$13.6 MILLION ASC AND MOB IS BEING DEVELOPED IN WARWICK, NEAR PROVIDENCE By John Mugford White Plains, N.Y.-based Seavest Inc. broke ground in recent weeks on a $13.6 million, two-story, 62,454 square foot MOB in Warwick, R.I., on the campus of Kent Hospital, which is part of the Care New England Health System. Construction is […]
Outpatient Projects: Physicians to own MOB near Philly
$32 MILLION MEDICAL BUILDING SLATED FOR SITE NEAR BRYN MAWR HOSPITAL By John Mugford In the current and coming era of employed doctors, physician-owned medical office buildings (MOBs) are supposed to be a thing of the past. But don’t tell that to a group of physician-investors in the Philadelphia suburb of Bryn Mawr, Pa., where […]
Transactions: HTA back in buying mode with deal
REIT ACQUIRES DESERT RIDGE MEDICAL CAMPUS IN PHOENIX FOR $32.75 MILLION By John Mugford After a hiatus of about three months without making an acquisition, Scottsdale-Ariz.-based Healthcare Trust of America Inc. (HTA) was back in buying mode in recent weeks. The non-traded real estate investment trust (REIT), which has been a prolific buyer of healthcare […]
Capital Markets Snapshot: Washington impasse could be trouble
POSSIBLE RESULTS: REIMBURSEMENT REDUCTIONS, HIGHER BORROWING COSTS By Cain Brothers. As I write this, the federal government is less than a week from its deadline for lifting the debt ceiling, and the parties look to be far from resolution. There are two dimensions to what an impasse could do to the healthcare real estate capital […]
Special Report: Development on the rise
BUT HEALTHCARE REAL ESTATE IS CHANGING RAPIDLY DEVELOPER NOW PART OF BIG CONSTRUCTION FIRM By John Mugford One thing is for sure, the development of healthcare facilities is on the uptick. This must certainly be good news for all healthcare development firms, right? Not necessarily, as the smaller, more regional medical real estate firms that […]
News & Analysis: ARC reveals $257M deal
ACQUISITION TO INCLUDE ASCs, MOBs AND MORE By John Mugford The healthcare real estate market has been buzzing and speculating in recent weeks, ever since Boston-based American Realty Capital Healthcare Trust Inc., a non-traded real estate investment trust (REIT), announced that it was acquiring a dozen medical properties for a price of $257.5 million. With […]
Industry Pulse: July 2011
NEW YORK – Demand for healthcare facilities is approaching a point where it will outstrip supply, according to Jay Flaherty, chairman, president and CEO of Long Beach, Calif.-based HCP Inc. (NYSE: HCP), a large healthcare real estate investment trust (REIT). In a REIT.com video interview at “REITWeek 2011: NAREIT’s Investor Forum” at the Waldorf Astoria […]
Editor’s Letter: Panelist can entertain
SOME SPEAKERS ADD HUMOR TO CONFERENCES By, John Mugford Dear Reader: Every time I attend a healthcare real estate conference – quite often to moderate one of the panel discussions – I am impressed with how educational, informative, important and timely these events have become for people involved in this sector. Did I mention that […]
Provider News: A joint venture considered in Colorado
PACT MAKES SENSE, SYSTEMS SAY, IN ERA OF REFORM, PHYSICIAN SHORTAGES By John Mugford At a time when many hospital consolidations are taking place throughout the country, two well-known players in Colorado are considering what the entities are calling a “joint operating agreement.” Officials with the University of Colorado Hospital at the Anschutz Medical Campus […]
Inpatient Projects: Baylor hospital to get $100.5M tower
165,741 SQUARE FOOT EXPANSION PLANNED AT HOSPITAL IN GRAPEVINE, TEXAS By John Mugford Dallas-based Baylor Health Care System is shoring up plans for a $100.5 million expansion at its hospital in Grapevine, located in the northern suburbs of the Dallas/Fort Worth Metroplex.Baylor’s plans call for the construction of a new a five-story, 165,741 square foot […]
Outpatient Projects: Site work starts on 176,462 s.f. MOB
COGDELL SPENCER ERDMAN IS BUILDING $27.8 MILLION PROJECT IN DULUTH, MINN. By John Mugford As hospitals across the country continue to add more and more employed physicians, many are seeing a need for new spaces where these doctors can provide services. One place this is happening is in downtown Duluth, Minn., where design/build firm Cogdell […]
Transactions: Heitman/NexCore buy MOB for $23M
COMPETITION WAS STRONG FOR ON-CAMPUS FACILITY IN LANHAM, MD., NEAR D.C.By John Mugford Opportunities to acquire high-quality medical office buildings (MOBs) in the Washington, D.C., area have been somewhat rare in recent years. As a result, when such properties are indeed put on the market, the competition heats up quite nicely – especially if you’re […]
Capital Markets Snapshot: Economic recovery remains slow
PROBLEMS IN EUROPE, PUBLIC BORROWING ARE CONTINUE TO HAMPER PROCESS By Cain Brothers. In the past month, long-term interest rates have continued to decline in response to unexpected weakness in the global economy and a shift to quality. The drama in Europe has a few more acts to play out, but if these economic woes […]
