Revista panelists discuss the many issues facing health systems and possible solutions
By John B. Mugford
The panelists were (from left to right): HREI Publisher Murray W. Wolf, Jaime Northam of Ryan Companies, Mike Conn of Meridian, Kelly Noel of UPMC, and Clayton Mitchell of Thomas Jefferson University and Jefferson Health. (HREI photo)
As noted in the preceding article, HRE professionals would like to know if the current financial strains faced by hospitals and health systems will prompt some providers to be more open to third-party investment and ownership of HRE, or whether they will remain committed to owning their real estate.
Both perspectives were shared by healthcare providers during a panel session at the recent Revista Medical Real Estate Investment Forum (MREIF) in Bonita Springs, Fla.
The session, which also included two HRE development executives, was titled, “Ambulatory Strategies in a Changing Market.” The panelists were: Mike Conn, chief development officer with Walnut Creek, Calif.-based Meridian Medical Real Estate Development; Clayton Mitchell, senior VP of real estate and facilities with Philadelphia-based Thomas Jefferson University and Jefferson Health; Kelly Noel, VP of corporate construction and real estate with Pittsburgh-based UPMC (University of Pittsburgh Medical Center); Jaime Northam, VP of healthcare development with Minneapolis-based Ryan Companies. The moderator was HREI Publisher Murray W. Wolf.
On one hand, Ms. Noel of UPMC, which operates 40 hospitals, 1,000 clinical locations, 40 million square feet of real estate and a 3.7 million member health insurance division, said
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