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Letter to the Publisher: Why outsource MOBs?
MOST HOSPITALS HAVE MANY COMPELING REASONS By Robert A. Rosenthal AIA To the Publisher: In a recent Publisher’s Letter (“Thanks for the reminder” in the April 2005 edition of Healthcare Real Estate Insights™), Michael J. Culotta, chief financial officer of LifePoint Hospitals, was quoted about the ownership of medical office buildings (MOBs) by hospitals. He […]
Product Focus: Healthcare headhunters
MEDICAL REAL ESTATE PROS ARE IN HIGH DEMAND By Jessica Griffith If your career path detoured toward healthcare real estate during the past five, 10 or 20 years, consider yourself fortunate – and part of a trend. The seemingly endless demand for new hospitals, clinics and medical office buildings (MOBs) has driven equally intense demand […]
News & Analysis: MOBs are hot properties
PRICES AND VELOCITY BOTH CONTINUE TO INCREASE By John Mugford There’s a rumbling in the tummies of many institutional investors these days, with one of their major cravings being medical office buildings (MOBs). And it doesn’t look as if these appetites will ease anytime soon. That’s the word – not in those exact terms, of […]
Industry Pulse: September 2005
SAN FRANCISCO – California Pacific Medical Center (CPMC) officials have finally outlined plans for a $1 billion medical center in San Francisco’s Cathedral Hill neighborhood. The long-awaited plan includes up to 600 new seismic safety law-compliant hospital beds, plus a $210 million medical office building (MOB). Officials of the Sutter Health affiliate say they plan […]
Financing & Investment: LifePoint reports on two major deals
FAST-GROWING OPERATOR COMMITS $495 MILLION+ FOR SIX MORE HOSPITALS By Murray W. Wolf BRENTWOOD, Tenn. – LifePoint Hospitals Inc. (Nasdaq: LPNT) is continuing its acquisitive ways. The Brentwood-based hospital operating company recently agreed to acquire six hospitals for a total of $495 million, plus working capital. On July 14, LifePoint announced that it has signed […]
Market Focus: Texas-sized growth rolls on in Metroplex
PROVIDERS ARE INVESTING MORE THAN $2.5 BILLION IN THE DFW METRO AREA By John Mugford We all know they do things big in Texas. And the current medical construction boom in the sprawling, growing Dallas-Fort Worth metropolitan area is no exception. Even though the number of project starts in the so-called Metroplex looks to be […]
Project Case Study: Docs double-dip via new MOB project
SAN ANTONIO PHYSICIANS HAVE EQUITY IN BOTH THE BUSINESS AND THE BUILDING By Jessica Griffith When Specialty Surgery Center of San Antonio opened in 1998, its surgeons initially performed about 2,500 procedures annually. The practices within the center, however, have witnessed a Texas-sized boom. The practices now handle some 6,000 cases a year, mostly in […]
Company Profile: Expansion is the tack for Ventas
HEALTHCARE REIT DECIDES BIGGER, AND DIVERSIFIED, IS INDEED BETTER By Beth Mattson-Teig Whether measuring by sheer size or performance statistics, analysts rank Louisville, Ky.-based Ventas Inc. as one of the leading healthcare real estate investment trusts (REITs) in the country. The company’s real estate assets can be found in 41 states and include 201 skilled […]
News & Analysis: Minnesota hospital plans still in limbo
LEGISLATURE ADJOURNS WITHOUT DECISION ON FIRST NEW BEDS IN 21 YEARS By John Mugford The good news coming out of Minnesota in mid-July was that the state Legislature mercifully concluded a bitter stalemate and reached agreement on a $30 billion budget. As a result, lawmakers ended a weeklong state government shutdown and adjourned for the […]
Publisher’s Letter: Thanks for the feedback
READER SURVEY COMMENTS WILL HELP US IMPROVE By Murray W Wolf Dear Reader: At the risk of blowing our own horn, I am delighted to report that nearly 94 percent of the respondents to our recent reader survey gave Healthcare Real Estate Insights™ an overall rating of “excellent” (67 percent) or “good” (28 percent). Many […]
Product Focus: Outpatient opportunities
OPERATORS OFTEN OUTSOURCE REAL ESTATE WORK By Jessica Griffith Tom Yerden understands the value of healthcare real estate, particularly those parcels of land that house existing and future outpatient centers. “If I could go back 30 years, I would buy real estate next-door to hospitals,” says Mr. Yerden, the founder of Aspen Healthcare, a manager […]
News & Analysis: HCN expects asset sales
REIT’S THREE-YEAR BUYING BINGE COULD BE OVER By Jessica Griffith Health Care REIT Inc. added 25 skilled nursing facilities and five specialty care centers to its investment portfolio during the second quarter. But, the company does not plan to purchase a significant number of buildings during the second half of 2005. “We could end up […]
Industry Pulse: August 2005
MILWAUKEE, Wis. – New details have emerged in Columbia St. Mary’s plan to consolidate two Milwaukee medical campuses. Plans call for a new $417 million, 513-bed replacement hospital to be called Columbia St. Mary’s Lake Drive Hospital. It will be built at the site of the current Columbia St. Mary’s Milwaukee Campus. The existing 237-bed […]
Financing & Investment: SNH strikes major deal
SENIOR LIVING REIT PLANS TO INVEST $67.5 MILLION Senior Housing Properties Trust (NYSE: SNH) has entered into a transaction with Five Star Quality Care Inc. (AMEX: FVE) valued at up to $67.5 million. SNH purchased from Five Star for $24 million four assisted living facilities (ALFs) totaling 299 units which were leased back to Five […]
Guest Column: Healthcare financing takes patience
A SYSTEMATIC APPROACH CAN LEAD TO LONG-LASTING BUSINESS RELATIONSHIPS By Jeffrey A. Davis Here’s an observation, gained through years of experience, for mortgage brokers, bankers and consultants who are called upon to accommodate clients in the highly specialized senior housing / healthcare industry segment: The next loan you arrange for a client through a national […]