Inpatient Projects: Piedmont Atlanta Hospital receives CON for $603 million, 16-story patient tower
ATLANTA – The Georgia Department of Community Health recently granted Piedmont Atlanta Hospital a certificate of need (CON) for its previously announced 16-story, $603 million patient tower at its campus north of downtown Atlanta.
Inpatient Projects: State surprises some with OK for rival CON applications for new hospitals in Venice, Fla.
VENICE, Fla. – Florida’s Agency for Health Care Administration (AHCA) recently approved the CON applications for two rival hospitals in Venice.
Inpatient Projects: Parkview Health working on new replacement critical access hospital in Wabash, Ind.
WABASH, Ind. – When Fort Wayne, Ind.-based Parkview Health acquired the nearly 100-year-old Wabash County Hospital in 2014, the purchase agreement called for the health system to replace the 25-bed Critical Access Hospital (CAH) with a new facility within a few years’ time.
Inpatient Projects: Sentara Virginia Beach General Hospital plans $49 million modernization, renovation
VIRGINIA BEACH, Va. – A year after celebrating its 50th anniversary, Sentara Virginia Beach General Hospital has announced plans for a $49 million modernization project for its patient care areas and infrastructure.
Industry Pulse: Consolidation Picks Up In Rehab Sector
Long-fragmented rehab sector seeing plenty of consolidation With services along the continuum of care continuing to play ever increasing roles in the delivery of healthcare services, one sector continues to catch the eye of investors: rehabilitation.
Editor’s Letter: MOBs and MACRA
Building owners should be ready for its impact Dear Reader: We all know that the country’s independent and small-practice physicians are a dwindling breed. But I also think that many people who closely follow important issues affecting healthcare have also believed that there will always be a good number of fiercely independent, entrepreneurial doctors who […]
Post-Acute & Senior Living: Transforming Age acquires $138 million portfolio from JV that includes Harrison Street
TWIN CITIES, Minn. – Bellevue, Wash.-based Transforming Age, formerly Presbyterian Retirement Communities Northwest, recently acquired an eight-property rental retirement portfolio with more than 1,000 units for $138 million.
Industry Pulse: 56% Want Obamacare ‘Fixed,’ Poll Finds
Proportion who want a total repeal declines to 30 percent As the country waits to see if the Trump administration and Republican leaders in Congress will indeed repeal and replace the Patient Protection and Affordable Care Act (PPACA) as they have promised, a slight majority of likely U.S. voters – 56 percent – want the […]
Capital Markets: Hedging against interest rate risk
Loan structuring is more vital than ever in a rising interest rate environment By Erik Tellefson In a rising interest rate environment, loan structuring is more important than ever in order to protect lenders and borrowers. For lenders, the right structuring can keep a loan from deteriorating in debt service coverage as rates increase. For […]
Post-Acute & Senior Living: $550M rehab hospital set to open
Rebranded AgilityLab facility will replace the Rehabiltation Institute of Chicago By Murray W. Wolf The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood. The new facility will replace, rebrand and expand the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at 345 […]
REIT Report: Big year, big retirement at DocREIT
Acquisitions totaled $1.28 billion last year and founder John Sweet retired By John B. Mugford Prior to the start of 2016, executives with Milwaukee-based Physicians Realty Trust (NYSE: DOC) set its acquisitions guidance at $750 million to $1 billion for the year.
Post-Acute & Senior Living: Global Medical lands year-end deal
Publicly traded REIT’s portfolio now has 31 properties and 666,000 square feet By John B. Mugford For Bethesda, Md. Global Medical REIT Inc. (NYSE: GMRE) the closing days of 2016 brought with it an end-of-the-year acquisition: three rehabilitation hospitals operated by Birmingham, Ala.-based HealthSouth Corp. (NYSE: HLS) for a total price of $68.1 million.
Industry Pulse: On the Record – Dirk Aulabaugh
How would you assess the current environment for healthcare REITs? “There are very few traditional sectors in the REIT space that are trading at real premiums to their NAV (net asset value), but the sectors that are include healthcare, industrial, net lease and manufactured homes.”
Post-Acute & Senior Living: Two-building assisted living complex in the heart of San Francisco changes hands
SAN FRANCISCO – Hayes Valley Senior Living, a two-building assisted living community just a few blocks from San Francisco City Hall, recently changed hands for $25 million, or $481,000 per unit.
Industry Pulse: On the Record – Jackie Lundblad
What does the future look like for smaller physician practices? “I think that private practice physicians, especially those in the one- or two-person groups, have had a lot of pressure on their practices over the last six-plus years or so. Be it from administrative changes and documentation that they need to fill out to electronic […]
