Inpatient Projects: Allegheny Health, Highmark and Emerus teaming up on micro hospital near Pittsburgh
McCandless, Pa. – As part of its $1 billion plan to expand its care offerings in western Pennsylvania, Pittsburgh-based Allegheny Health Network (AHN), which is part of insurance provider
Companies & People: Raymond James’ team advises Glens Falls, N.Y., hospital on sale of renal operations
Glens Falls, NY – The Healthcare Finance Group of St. Petersburg, Fla.-based Raymond James Financial (NYSE: RJF) recently served as the strategic advisor to Glens Falls Hospital on the sale of its dialysis operations. The buyer was Nashville, Tenn.-based Dialysis
Companies & People: Welltower closes offering of $1.3 billion in senior unsecured notes; will repay loan facility
Toledo, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) announced that it has closed its offering of $1.3 billion in aggregate principal senior unsecured notes across three tranches. The notes have a weighted average maturity of 15.4 years and a blended yield
Transactions: Montecito Medical pays $11.5 million for eye center-anchored MOB in Willmar, Minn.
Willmar, Minn. – In more news from Nashville-based Montecito Medical, the firm recently paid $11.5 million for a “Class A” MOB in Willmar, about 90 miles west of Minneapolis. Completed in 2005,
Industry Pulse: On the Record
What is behind the healthcare retailization trend and will it continue? “People want convenience and high-quality care, and they want it to be easy. The trend of neighborhood healthcare locations will continue – and escalate. Neighborhood health destinations will continue to grow, including primary care, urgent health care, lab, hearing and vision services.” Patrick Carroll, […]
Companies & People: Consulting firm Ankara acquires business units from Navigant for $470 million
Washington DC – Washington-based Ankura, a business advisory and services firm, has closed on its previously announced acquisition of two business units from Chicago-based Navigant Consulting (NYSE: NCI), a well-known consulting firm in the
Post-Acute & Senior Living: Unnamed investor pays $15 million for 211-bed skilled nursing facility in Tucson, Ariz.
Tucson, AZ – Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility (SNF) in Tucson, recently traded for $15 million, or $71,000 per bed. The buyer was an unnamed Chicago
Transactions: Griffin-American REIT IV acquires 43,000 square foot MOB near Milwaukee for $7.6 million
Glendale, Wis. – Irvine, Calif.-based Griffin-American Healthcare REIT IV recently purchased an 80 percent occupied, 43,000 square foot MOB in Glendale, a suburb north of Milwaukee.
Industry Pulse: Two More Sizable Mob Portfolios Hit The Market
USAA Real Estate and partners are selling two MOB portfolios acquired via joint ventures If 2017 was “The Year of the Portfolio” with respect to the total dollar volume of multi-asset medical office building (MOB) transactions, 2018 might be shaping up to be “The Year of the Portfolio” in terms of the sheer number of MOB […]
Inpatient Projects: Fargo, N.D.-based provider of mental health services plans $40 million replacement
Fargo, ND – Prairie St. John’s LLC, a locally based provider of mental health and substance abuse treatments, recently announced plans for a $40 million, 128-bed facility offering residential and partial hospitalization care. The new facility would replace Prairie
Companies & People: Ackerman & Co. expands its healthcare platform, hiring Brett Buchwald and Larry Jarema
Atlanta – In continuing to grow its healthcare real estate services platform, Atlanta-based Ackerman & Co. recently hired Brett Buchwald to specialize in medical office investment sales and Larry Jarema to focus on landlord and tenant representation. Mr.
Outpatient Projects: Orlando (Fla.) Health and area health district open $37 million MOB on future hospital campus
Horizon West, Fla. – Orlando Health and the West Orange Healthcare District on Sept. 25 opened the first phase of a future hospital campus in the planned community of Horizon West, about 23 miles southwest of Orlando. The $37 million two-story, 78,000
Inpatient Projects: Wise Health System opens new surgical hospital, with an ED, in the northern part of DFW
Argyle, Texas – Decatur, Texas-based Wise Health System recently opened a 44,782 square foot surgical hospital with an emergency department and a full-service imaging suite in Argyle, in the northern part of the Dallas-Fort Worth (DFW) Metroplex. Managing
Industry Pulse: Is ‘Medtail’ The Cure For Retail’s Woes?
Mainstream media has finally ‘discovered’ retailization This is no big news flash for healthcare real estate (HRE) professionals, but a new article posted Sept. 24 to the Forbes. com website suggests that “medtail,” the positioning of medical facilities in former retail spaces and in retail areas, could be at least part of the answer for […]
Outpatient Projects: Developer plans 90,000 square foot MOB as part of a mixed-use project near Boise, Idaho
Meridian, Idaho – A new company co-founded by a former Idaho gubernatorial candidate recently announced plans for a mixed-use project in Meridian, just outside of Boise, that will be anchored by a
