News Release: Leveraging Real Estate to Bend the Cost Curve: How RTG Saved Ballad Health $9 Million Annually
Healthcare system mergers and acquisitions can be monumental undertakings, filled with numerous complexities spanning business, regulatory, and cultural challenges. When Mountain States Alliance merged with Wellmont Health to form Ballad Health, the stakes were high. With over 21 hospitals, and over 200 outpatient facilities totaling more than 3 million square feet spanning 14 counties in […]
News Release: Universal Health Realty Income Trust Reports 2024 First Quarter Financial Results
Consolidated Results of Operations – Three-Month Periods Ended March 31, 2024 and 2023: KING OF PRUSSIA, Pa., April 24, 2024 /PRNewswire/ — Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended March 31, 2024, net income was $5.3 million, or $.38 per diluted share, as compared to $4.5 million, or $.32 […]
News Release: Newmark Closing Announcement
NEWMARK HEALTHCARE CAPITAL MARKETS CLOSING ANNOUNCEMENT SALE-LEASEBACK OF FIVE RESIDENTIAL TREATMENT CENTERS RESIDENTIAL TREATMENT CENTER PORTFOLIO NY, FL, NJ & MA | MARCH 2024 The Newmark Healthcare Capital Markets team announces the sale-leaseback of five residential treatment centers located in New York, New Jersey, Florida and Massachusetts. The facilities, which offer a combined 62 beds, focus on the […]
News Release: Major expansion plans unveiled for AdventHealth Daytona Beach
April 24, 2024 AdventHealth Daytona Beach announced today a multi-year, $220 million construction plan to add 104 beds, four new surgical suites and more than 240,000 square feet to the facility. The construction includes vertical expansions on two existing towers at AdventHealth Daytona Beach: a four-story vertical expansion on one tower and a one-story vertical […]
News Release: PMB and Providence St. Joseph Hospital in Orange Open New ‘Helen Caloggero Women’s and Family Center’
Sprawling New Multi-Million Dollar Facility in Orange County is a One-Stop Location to Access Full-Suite of Women’s Health, Mother-Baby Services and More ORANGE, Calif., April 24, 2024 /PRNewswire/ — PMB, a leading healthcare real estate developer, and Providence St. Joseph Hospital celebrated the grand opening of the ‘Helen Caloggero Women’s and Family Center,’ a four-story, 137,000-square-foot […]
News Releases: Transwestern completes 36,000 SF of medical office leases at Union Park in Atlanta
(APR. 24, 2024 – ATLANTA) – Transwestern Real Estate Services (TRS) announces the completion of 36,000 square feet of medical leases at Union Park, a 178,000-square-foot, four-building outpatient medical campus at 5881-5887 Glenridge Drive NE in Atlanta. Transwestern’s Atlanta Healthcare Advisory Services team, composed of Steve Hall, John V. Lopez and Bo Stuart, provides leasing […]
News Release: Inspira Health Expands Access to Care With New Multi-Service Outpatient Health Center in Gloucester County, New Jersey
New transformed facility, a former DICK’s Sporting Goods, further increases Inspira’s footprint in the region to provide high-quality care close to home Deptford, NJ (April 23, 2024) – Inspira Health has announced the opening of Inspira Health Center Deptford, a new multi-service outpatient health center in Gloucester County. In partnership with Deptford Township, Inspira officially […]
Project Case Study: Flagship got creative for this MOB
Donating land for housing smoothed the way for the Charlotte, N.C., project By John B. Mugford It’s only natural that in the healthcare real estate (HRE) development industry – and for that matter, probably any real estate development industry – that the biggest, shiniest and perhaps most expensive “trophy” projects garner the most attention. Yet […]
News Release: Marcus & Millichap Capital Corporation Arranges $23.6 Million Acquisition Financing for Northeastern Florida Medical Facility
FOR IMMEDIATE RELEASE JACKSONVILLE, Fla. April 23, 2024 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $23,625,000 in financing for the purchase of Lakeview Health, a single-tenant triple-net leased medical facility in Jacksonville, Florida. Robert Bhat, senior managing director in MMCC’s Miami office secured […]
News Release: BNBuilders Embarks on New Project for Umoja Biopharma
NEWS PROVIDED BY BNBuilders Apr 23, 2024, 09:15 ET LOUISVILLE, Colo., April 23, 2024 /PRNewswire/ — BNBuilders has begun a tenant improvement at Umoja Biopharma’s cutting-edge cGMP manufacturing facility. The project encompasses approximately 18,000 square feet of space dedicated to fostering a collaborative and innovative work environment for Umoja Biopharma’s team. It includes: Open and private […]
News Release: NexCore Group and HCA Healthcare Break Ground on New Ambulatory Surgery Center in Orem, Utah
The joint venture ASC will help meet the need for increased surgical support in the rapidly growing Central Utah Valley.The joint venture ASC will help meet the need for increased surgical support in the rapidly growing Central Utah Valley. DENVER, April 23, 2024 – NexCore Group, a leading real estate developer specializing in healthcare, life […]
News Release: First Citizens Bank Provides $58.4 Million for Construction of Medical Inpatient Rehabilitation Facility in Miami, Florida
NEWS PROVIDED BY First Citizens Bank Apr 23, 2024, 09:00 ET JACKSONVILLE, Fla., April 23, 2024 /PRNewswire/ — First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The 96,000-rentable-square-foot facility with an attached parking […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 1Q24 Net Income per Share – Diluted of $0.97; and 1Q24 FFO per Share – Diluted, as Adjusted, of $2.35
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Apr 22, 2024, 16:10 ET PASADENA, Calif., April 22, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the first quarter ended March 31, 2024. Key highlights Operating results 1Q24 1Q23 Total revenues: In millions $ 769.1 $ 700.8 Growth 9.7 % Net income attributable […]
News Release: Lilly Acquires New Injectable Medicine Manufacturing Facility from Nexus Pharmaceuticals
April 22, 2024 Upon completion, this acquisition will expand Lilly’s growing U.S. capacity to produce the latest life-changing medicines INDIANAPOLIS and LINCOLNSHIRE, Ill., April 22, 2024 – Eli Lilly and Company (NYSE: LLY) and Nexus Pharmaceuticals, LLC today announced a definitive agreement for Lilly to acquire a manufacturing facility from Nexus, a leading sterile manufacturer […]
News Release: MedProperties Realty Advisors Acquires Recently Completed Rehab Hospital in Colorado
Dallas, Texas, April 21, 2024 – For the second time in less than six months, MedProperties Realty Advisors, LLC has acquired a recently completed rehab hospital occupied by PAM Health. The acquisition of the rehab hospital in Greeley, Colorado follows the acquisition late last year of a similar facility on the West Coast of Florida. “Our recent […]