News Release: Kaiser Permanente mourns the loss of Bernard J. Tyson, Chairman and CEO
November 10, 2019 OAKLAND, Calif. — It is with profound sadness that we announce that Bernard J. Tyson, Chairman and CEO of Kaiser Permanente, unexpectedly passed away early Sunday morning in his sleep. On behalf of our Board of Directors, employees and physicians, we extend our deepest sympathies to Bernard’s family during this very difficult time. An outstanding […]
News Release: Skanska USA Celebrates Grand Opening of Inspira Medical Center Mullica Hill
New 465,000 square foot New Jersey hospital highlights increasing demand for innovative construction methods in healthcare delivery Philadelphia, PA – On November 8, Skanska USA, one of the world’s leading construction and development firms, celebrated the grand opening of Inspira Medical Center Mullica Hill in Mullica Hill, New Jersey. The new five-story, 465,000 square-foot inpatient […]
News Release: Atkins Companies Bolsters its Pittsburgh Portfolio with Acquisition of Medical Office Building
For Immediate Release West Mifflin, Pa. (November 7, 2019) – Atkins Companies, a multigenerational commercial real estate development, investment, and property management firm, announces the acquisition of a 26,174-square-foot medical office building located at 2027 Lebanon Church Road in West Mifflin, Pa. Fully leased by Allegheny Health Network, a subsidiary of Highmark Health Inc., 2027 […]
News Release: Just Closed – The Medical Pavilion, Fresno, Calif
CBRE Capital Markets | Healthcare JUST CLOSED THE MEDICAL PAVILION Fresno, CA Sale Date: 10/30/2019 Property Size: 32,941 SF Occupancy: 93% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of The Medical Pavilion (the “Property”), located in Fresno, California. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger and Sabrina Solomiany acted as the seller’s […]
News Release: Global Medical REIT Announces Third Quarter 2019 Financial Results
Company Release – 11/6/2019 4:15 PM ET Completes $239 Million of Acquisitions Year-to-Date BETHESDA, Md.–(BUSINESS WIRE)— Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that owns and acquires purpose-built healthcare facilities and leases those facilities to strong healthcare systems and groups with leading market share, today […]
News Release: PMB breaks ground for new 55,000-square-foot St. Mary’s Medical Pavilion in Tucson, Ariz.
FOR IMMEDIATE RELEASE Officials at the San Diego-based healthcare real estate firm say the $19 million pavilion is already 60 percent pre-leased by Carondelet Medical Group and other healthcare practices TUCSON, Ariz., and SAN DIEGO, Nov. 6, 2019 – PMB, one of the nation’s leading real estate owners and developers across the continuum of care, […]
News Release: JLL closes $142.9M sale of 50-property investment grade portfolio
Keen investor interest in medical properties continues BOSTON, Nov. 6, 2019 – JLL announced today that it has closed the $142.9 million sale of a 50-property national investment grade portfolio totaling approximately 430,000 square feet across 22 states. JLL represented the seller, Elliott Bay Capital Trust, and procured the buyer, a publicly traded REIT. The […]
News Release: Kaiser Permanente Breaks Ground for New Medical Office Building in Hesperia
FOR IMMEDIATE RELEASE HESPERIA, CA, November 5, 2019 — Kaiser Permanente officials today broke ground for a new medical office building in Hesperia. Scheduled to open in 2021, the new 3-story, 54,000 square foot medical office building will provide convenient, affordable, high-quality health care to members in the High Desert. This new facility is part of Kaiser Permanente’s […]
Feature Story: Health systems are fighting back against disruptors
Executives talk strategy for taking on Amazon, other non-traditional providers By John B. Mugford Not too long ago, a hospital or health system could easily identify its main competitors: typically other hospitals, perhaps, or health systems, looking to enter its market or to fly their flag in unclaimed territory. As we all know, much has […]
News Release: Medical Properties Trust Announces Acquisition of 10 LifePoint Acute Care Hospitals for $700 Million
Investor Relations Press Release Total Assets Grow 47% Year-to-Date Additional Near-term Investments Anticipated BIRMINGHAM, Ala.–(BUSINESS WIRE)–Nov. 5, 2019— Medical Properties Trust, Inc. (“MPT” or the “Company”) (NYSE:MPW) today announced that it has entered into a definitive agreement with affiliates of LifePoint Health, Inc. (“LifePoint”), one of the largest acute care operators in the United States, under which MPT will acquire […]
News Release: Montecito Continues to Expand
Montecito Hires Data Manager, Jennifer Price FOR IMMEDIATE RELEASE November 5th, 2019 Nashville, Tenn. — Montecito Medical, the nation’s top privately held acquirer of medical real estate, has expanded its growing team with the addition of Jennifer Price as Data Manager. Price, a data scientist who has extensive experience in analytics and information management, will be directly […]
News Release: Just Closed – Las Colinas Cancer Center
JUST CLOSED LAS COLINAS CANCER CENTER Irving, TX Sale Date: 10/28/2019 Property Size: 14,900 SF Occupancy: 100% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of Las Colinas Cancer Center (the “Property”), located in Irving, Texas. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger and Sabrina Solomiany partnered with Austin Barrett in the Texas market […]
News Release: Capital One Provides $285 Million Bridge Loan Refinancing for Seniors Housing Portfolio
FOR IMMEDIATE RELEASE New York (November 4, 2019) – Capital One announced today that closed a $285 million bridge loan to refinance a portfolio of 13 senior living communities owned by Prime Care, LLC. They consist of 1,081 assisted living, 301 memory care, and 85 skilled nursing units located in seven states. Sunrise Senior Living manages […]
News Release: Flagship Healthcare Properties Acquires Medical Office Building Anchored by Prisma Health in Columbia, South Carolina
NEWS RELEASE FOR IMMEDIATE RELEASE CHARLOTTE, N.C. (November 4, 2019) – Flagship Healthcare Trust (Flagship REIT), a private healthcare real estate investment trust managed by Flagship Healthcare Properties (Flagship), has announced its acquisition of a 57,375-square-foot medical office building (MOB) in Columbia, South Carolina’s northeast submarket, one of the fastest […]
News Release: Skanska to Build New UNC Hospitals Surgical Tower in Chapel Hill, North Carolina
Press Release November 1, 2019 Durham, NC (November 1, 2019) — Global development and construction firm Skanska has announced it will construct the new UNC Hospitals’ Surgical Tower located in the center of the UNC Healthcare campus. The 335,000-square-foot project will cost $257 million and Skanska is providing preconstruction and construction management at risk services. When completed in 2022, […]