Post-Acute & Senior Living: Birchwood acquires 64-unit, Baltimore-area assisted living community
A local office of Toronto-based Avison Young recently arranged the sale of Quail Run Assisted Living, a 64-unit community in Perry Hall, an unincorporated area in Baltimore County. The sale price
Inpatient Projects: Regions Hospital in St. Paul, Minn., to increase bed count and employees by 20 percent
Regions Hospital in St. Paul recently announced a plan to add more than 100 beds and 950 full-time employees from 2018 to 2040. The 427-bed hospital, part of Bloomington, Minn.-based Health
Companies & People: HRE firms form ‘win-win’ alliance
Health America Realty Group teams up with the Lincoln Harris healthcare unit By John B. Mugford Although the two healthcare real estate companies are significantly different in size, officers with each of them believe a strategic alliance they entered in late 2017 is going to be a winwin for both.
Inpatient Projects: A new $468M pavilion in Santa Clara
370,000 square feet Sobrato Pavilion houses rehab ‘hospital within a hospital’ By John B. Mugford As the healthcare delivery model continues to evolve, more and more patients will be treated via tele-medicine or in outpatient settings, leaving hospitals to focus more and more on technology and treating those who are very sick or recovering from […]
Transactions: Pair of investors pays $35.3M for ortho group-anchored MOB in Bloomington, Minn.
BLOOMINGTON, Minn. – A pair of individual investors recently teamed up to acquire a large orthopedic facility in Bloomington, a Minneapolis suburb, for $35.3 million. According to data from RCA, Minneapolis based Sentinel Management Company, which is headed by Luigi Bernardi and Jim Gearen, purchased the 103,000 square foot Tria Orthopaedic Center at 8100 Northland […]
Post-Acute & Senior Living: Welltower to acquire four CCRCs for $368 million, transition portfolio to RIDEA structure
Toledo-based Welltower Inc. (NYSE: HCN) has entered a definitive agreement to acquire a portfolio of four continuing care retirement communities (CCRCs) in three East Coast markets for $368 million.
Inpatient Projects: Boca Raton (Fla.) Regional Hospital receives donations, plans $260 million tower
As Boca Raton Regional Hospital (BRRH) prepares to start planning for a $260 million expansion, it has announced that three families/foundations are donating a total of $35 million toward the
Outpatient Projects: PMRG, physician partners start work on MOB adjacent to hospital in Irving, Texas
Local news media reports that Houston-based PMRG, along with several physician partners, recently began construction of a three story, 58,000 square foot MOB adjacent to the 296-bed Baylor Scott
Companies & People: Caddis launches $150M MOB fund
Mega investment firm Invesco is one of the investors, industry sources say By John B. Mugford The medical office building (MOB) sector continues to see a wave of new investors entering, or looking to enter, the space. Although healthcare real estate (HRE) firm Caddis is hardly a new name in the sector, it has launched […]