Provider Perspective: Resuscitating real estate


By John Mugford

The recent BOMA panel discussion regarding repurposing included these healthcare executives (from left to right) Dane Peterson of Emory University Health, Cynthia Hayward of Hayward & Associates, Rick Hassoldof of Crozer Keystone Health System and Steven Kaye of Arnall Golden Gregory. Not pictured: David Park of Novant Health.
Photo courtesy of BOMA

Buzzwords abound in every industry, creating a notion that if one can simply stay on top of the latest trends and implement the newest innovations, success is likely to follow.

In the healthcare real estate development sector, current buzzwords have to do with “repurposing” other property types – such as vacant or nearly vacant retail spaces – into medical facilities, and/or “resuscitating” underutilized healthcare properties into ones that can benefit a health system and its patients, the physicians operating in the building, and the building owner.

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