Inpatient Projects: University Hospital Sky Tower opens
$787 million, 1 million square foot, 420-room space added to San Antonio hospital By Connie M. McCaffrey University Health System has just opened the new $787 million, 10-story, 1 million square foot, 420-room Sky Tower at 4502 Medical Drive in the South Texas Medical Center in San Antonio. The new University Hospital tower completes […]
Inpatient Projects: More Inpatient Projects
HealthOne, the parent company of Swedish Medical Center in Englewood, Colo., plans to invest $50 million to expand and renovate Swedish Medical’s stroke and neuroscience center. The project will include adding 65,000 square feet of space, renovating 28,000 square feet and increasing the number of beds to 39 for the neuroscience program. It also will […]
Inpatient Projects: Carolinas Healthcare to determine next steps after adverse court ruling
CHARLOTTE, S.C. – Charlotte-based Carolinas Healthcare System recently lost a bid to build a new hospital in Fort Mill, S.C. after an administrative law judge awarded the project to Piedmont Medical Center, which is based in Rock Hill, S.C. The issue of which health system should build the Fort Mill hospital has been appealed in […]
Inpatient Projects: San Francisco booming with $20 billion in hospital construction
SAN FRANCISCO – The San Francisco Business Times reports that in the next six years, the San Francisco Bay area will be home to at least 14 new hospitals with an estimated total cost of at least $20 billion. These include: Sutter Health’s $2.1 billion California Pacific Medical Center at Geary Street and Van Ness […]
Post-Acute & Senior Living: Panel epitomizes changing times
NIC discussion tackles retail clinics, PPACA and post-acute care partnerships By Murray W. Wolf It was a panel discussion that couldn’t have happened 10 years ago. The topics covered in the opening general session of the recent National Investment Center for the Seniors Housing Industry (NIC) Regional Conference would have seemed in early 2004 to […]
Industry Pulse :Twin Cities Investor Market Heating Up
For the past several years, the MOB investment market in the Twin Cities of Minneapolis-St. Paul, Minn., has been rather dull. Despite an active and innovative healthcare scene – the health maintenance organization (HMO) was invented in Minnesota in the 1960s, for example – very few healthcare facilities were bought or sold.
REIT Report: Griffin-American launches new REIT
Unlisted Griffin-American Healthcare REIT III has agreed to first acquisitions By John B. Mugford With all of the speculation surrounding what would eventually happen to unlisted Irvine, Calif.-based Griffin-American Healthcare REIT II – would it go public or be acquired by a publicly listed company? – not much attention has been paid to the launching […]
Post-Acute & Senior Living: More Post-Acute and Senior Living News
LCB Senior Living LLC of Norwood, Mass., plans to develop a 72,600 square foot, 90-unit assisted living and Alzheimer’s care community at 6 Sally Sweets Way in Salem, Mass. Plans call for 64 assisted living residences and a 26-bed Alzheimer’s care unit to be developed on a 7-acre, wooded site next to the Ingram Senior […]
Industry Pulse On the Record: Thomas D’Arcy
“Will health systems begin monetizing MOBs at some point? “We’re seeing regional healthcare systems beginning the process of monetizing their assets… Over time, investors such as the people in this room (at the 2014 BOMA MOB conference) are going to be owning more and more of the healthcare facilities in this country.” Thomas D’Arcy, CEO […]
Post-Acute & Senior Living: Enterprise Builders’ healthcare projects going strong in New Mexico
ALBUQUERQUE, N.M. – Enterprise Builders Corp. of Albuquerque has just completed a 52,000 square foot SNF and ALF near the southeast corner of Coors and Rio Bravo Boulevards in Albuquerque — a major milestone for the 80-acre mixed-use Las Estancias development. The development also will include a variety of retail shops and small and large […]
Post-Acute & Senior Living: Methodist Retirement to break ground for $74 million Houston area community
LEAGUE CITY, Texas – Methodist Retirement Communities, a not-for-profit service ministry which operates affordable housing and senior living communities in several Texas cities, announced that it is breaking ground on The Crossings senior community in League City. The $74 million community, which will be built on 18.8 acres near FM 270 (Egret Bay) and FM […]
Post-Acute & Senior Living: Brooks Rehab continues skilled nursing construction spree in Jacksonville, Fla.
JACKSONVILLE, Fla. – Jacksonville-based Brooks Rehabilitation announced that it is continuing its “aggressive” program of building SNFs in the Jacksonville area. It will develop a $13.6 million, 80,000 square foot facility across from its main hospital at University Crossing.
Editor’s Letter: VA mess: A bad sign?
Failures of federally run healthcare raise concerns Dear Reader: The Patient Protection and Affordable Care Act (PPACA) was designed to accomplish a whole host of things, perhaps most importantly to provide a way for uninsured Americans to receive affordable health insurance. As many as 30 million people are expected to receive coverage in coming years […]
Post-Acute & Senior Living: TriHealth to consolidate rehab services and staff into new Cincinnati hospital
CINCINNATI – TriHealth, one of the largest integrated health systems in Greater Cincinnati, announced that it will be working with joint venture (JV) partner Pennsylvania-based Select Medical, a provider of specialized acute and post-acute care, to develop a $17 million building that will house a new TriHealth Rehabilitation Hospital. TriHealth will occupy 60,000 square feet […]
Post-Acute & Senior Living: Nebraska housing developer and contractor to build senior rental complex in Ohio
HILLIARD, Ohio – Lincoln, Neb.-based sister companies Resort Lifestyles Communities Inc. and Cameron General Contractors Inc. are developing a $27.3 million, 174,500 square foot independent living apartment complex at 4160 Trueman Blvd. in Hilliard, about 12 miles northwest of Columbus, Ohio. This is the first time the Nebraska companies, which build, own and manage independent […]
