Inpatient Projects: Piedmont plans $603 million project
Upgrades, facilities would take place at system’s Buckhead campus in Atlanta By John B. Mugford One of Atlanta’s powerhouse hospitals is looking to get even bigger.
Inpatient Projects: Local system, Emerus partnering on micro hospital near El Paso, Texas
HORIZON CITY, Texas – El Paso, Texas-based The Hospitals of Providence announced Sept. 13 that it is teaming with Emerus, based in The Woodlands, Texas, on the building of a new micro hospital and campus in Horizon City, a growing city just outside of El Paso.
Inpatient Projects: Maine Medical Center announces plan for $512 million hospital expansion, upgrade
PORTLAND, Maine – The biggest and busiest hospital in Maine has plans for a massive project that would not add new beds but modernize the facility, make all patient rooms private and add and upgrade space that’s needed to care for patients with more complex problems.
Inpatient Projects: Norton Audubon Hospital in Louisville, Ky., starts $107 million expansion, upgrade
LOUISVILLE, Ky. – Construction has started on a $107 million expansion at Norton Audubon Hospital in Louisville, a project that will add two floors with 74 private-room patient beds.
Inpatient Projects: $275 million replacement hospital in Ventura, Calif., is two years behind schedule
VENTURA, Calif. – A series of delays has pushed back the expected completion date for the future Community Memorial Hospital replacement facility in Ventura to summer 2017, about two years later than originally planned, according to a recent article in the local Ventura County Star newspaper.
Industry Pulse: CHI and Dignity Health Looking at ‘Aligning’
Combination of two major systems would create a $27.8 billion healthcare colossus Just as this edition of Healthcare Real Estate Insights™ was going to press, we learned that Englewood, Colo.-based Catholic Health Initiatives (CHI) and San Francisco-based Dignity Health have signed a non-binding letter of intent to explore “aligning” their organizations. The two systems made individual […]
Capital Markets: Insights into acquisitions financing
These are a relatively straightforward – but important – type of HRE financing By Erik Tellefson In this column we’ve primarily discussed how various asset classes, including medical office building (MOB) and laboratory and biotechnology properties, are financed. Today I want to start a series of articles describing different types of financing in detail and […]
Post-Acute & Senior Living: Partnership to develop 124-resident Shepherd Living community near Huntsville, Ala.
MADISON, Ala. – A partnership of Dallas-based Cobalt Seniors and Miami Beach, Fla.-based Shepherd Health recently announced that it plans to start construction soon on Shepherd Living at The Range, a 124-resident community offering “spa-like living” on 14 acres in Madison, a growing suburb of Huntsville, Ala.
Publisher’s Letter: New HRE comp survey
Kevin Jones was instrumental in getting it done Dear Reader: If you like this month’s cover story, “What’s in your wallet?” starting on Page 21, which spotlights executive compensation in the healthcare real estate (HRE) space, you have Kevin Jones to thank.
Post-Acute & Senior Living: Spectrum Retirement receives go ahead for 174-unit project in Indianapolis suburb
WHITESTOWN, Ind. – A new $35 million, 174-unit independent living, assisted living and memory care community has received the go ahead in Whitestown, a suburb of Indianapolis.
Post-Acute & Senior Living: Chelsea Senior Living teams R.E. firm on 118-bed senior project on Long Island, N.Y.
YAPHANK, N.Y. — A joint venture (JV) partnership of Farnwood, N.J.-based Chelsea Senior Living and Yonkers, N.Y.-based AVR Realty recently announced plans for a $27 million, 118-bed assisted living complex in the Long Island city of Yaphank.
Industry Pulse: ‘We’re Just Scratching the Surface’ of Growth
Former Wisconsin governor, secretary of HHS Tommy Thompson embraces MOBs During a question and answer period in which he noted that Americans no longer trust their government, but that the U.S. healthcare system is the best in the world despite what some critics might say, Tommy Thompson, the former governor of Wisconsin and the secretary […]
Post-Acute & Senior Living: Mainstreet Health Investments pays $152 million for properties in U.S., Canada
TORONTO – Toronto-based Mainstreet Health Investments (MHI), the investment arm of Carmel, Ind.-based Mainstreet, continues to grow its senior portfolio, as it recently acquired seven senior communities with 739 beds and five developable parcels in the United States and Canada for $152 million.
Industry Pulse: HRE Market Likely to Keep Expanding
Economist upbeat about the economy and the HRE market Noted economist Dr. Glenn R. Mueller delivered a positive message during the opening keynote presentation at the Revista Medical Real Estate Investment Forum in Broomfield, Colo., Oct. 4-5.
Industry Pulse: On the Record – David Emery
What is the intent and impact of site-neutral Medicare payments?