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Outpatient Projects: Growing South Dakota system starts $40 million project, including 65,000 square foot clinic
WATERTOWN, S.D. – Prairie Lakes Healthcare System, a growing provider in Watertown, a city of 21,000 residents, as well as in its service area in northeast South Dakota, recently started construction on a $40 million expansion on its main hospital campus.
Outpatient Projects: Neenan Co. completes new VA outpatient clinic with telehealth capabilities in Nevada
PAHRUMP, Nev. – The Department of Veterans Affairs (VA), along with Fort Collins, Colo.-based The Neenan Co., recently completed a $12.1 million VA clinic in Pahrump, an unincorporated town 55 miles west of Las Vegas with about 36,000 residents.
Outpatient Projects: Duke Realty to add surgery center at Northside-Cherokee MOB in Woodstock, Ga.
WOODSTOCK, Ga. – The 100,797 square foot Northside-Cherokee Towne Lake MOB in Woodstock, near Atlanta, opened in summer 2013 and has experienced plenty of success since then.
Outpatient Projects: Irgens gains approval and reveals tenant for MOB in its Brookfield, Wis., mixed-use project
BROOKFIELD, Wis. – Milwaukee-based Irgens is developing a two-story, 50,000 square foot MOB as part of the company’s still-evolving, 66-acre mixed-use development in Brookfield, a Milwaukee suburb.
Inpatient Projects: Critical Access Hospital in Clay County, Kan., to be expanded and renovated
CLAY CENTER, Kan. – A $15 million renovation and expansion project is expected to get underway in early 2017 at the 25-bed Clay County Medical Center, a Critical Access Hospital (CAH) in Clay Center, which is in the north central part of Kansas.
Inpatient Projects: New hotel underway near Miami hospital campus aimed at boosting medical tourism
KENDALL, Fla. – In order to capitalize on the medical tourism market, South Miami, Fla.-based Baptist Health South Florida is teaming with McLean, Va.-based Hilton Worldwide Inc. (NYSE: HLT) on the building of an eight-story, 184-room hotel on the campus of Baptist Hospital in Kendall, near Miami.
Inpatient Projects: Piedmont Atlanta Hospital receives CON for $603 million, 16-story patient tower
ATLANTA – The Georgia Department of Community Health recently granted Piedmont Atlanta Hospital a certificate of need (CON) for its previously announced 16-story, $603 million patient tower at its campus north of downtown Atlanta.
Inpatient Projects: State surprises some with OK for rival CON applications for new hospitals in Venice, Fla.
VENICE, Fla. – Florida’s Agency for Health Care Administration (AHCA) recently approved the CON applications for two rival hospitals in Venice.
Inpatient Projects: Parkview Health working on new replacement critical access hospital in Wabash, Ind.
WABASH, Ind. – When Fort Wayne, Ind.-based Parkview Health acquired the nearly 100-year-old Wabash County Hospital in 2014, the purchase agreement called for the health system to replace the 25-bed Critical Access Hospital (CAH) with a new facility within a few years’ time.
Inpatient Projects: Sentara Virginia Beach General Hospital plans $49 million modernization, renovation
VIRGINIA BEACH, Va. – A year after celebrating its 50th anniversary, Sentara Virginia Beach General Hospital has announced plans for a $49 million modernization project for its patient care areas and infrastructure.
Editor’s Letter: MOBs and MACRA
Building owners should be ready for its impact Dear Reader: We all know that the country’s independent and small-practice physicians are a dwindling breed. But I also think that many people who closely follow important issues affecting healthcare have also believed that there will always be a good number of fiercely independent, entrepreneurial doctors who […]
Industry Pulse: Consolidation Picks Up In Rehab Sector
Long-fragmented rehab sector seeing plenty of consolidation With services along the continuum of care continuing to play ever increasing roles in the delivery of healthcare services, one sector continues to catch the eye of investors: rehabilitation.
Post-Acute & Senior Living: Transforming Age acquires $138 million portfolio from JV that includes Harrison Street
TWIN CITIES, Minn. – Bellevue, Wash.-based Transforming Age, formerly Presbyterian Retirement Communities Northwest, recently acquired an eight-property rental retirement portfolio with more than 1,000 units for $138 million.
Industry Pulse: 56% Want Obamacare ‘Fixed,’ Poll Finds
Proportion who want a total repeal declines to 30 percent As the country waits to see if the Trump administration and Republican leaders in Congress will indeed repeal and replace the Patient Protection and Affordable Care Act (PPACA) as they have promised, a slight majority of likely U.S. voters – 56 percent – want the […]
Capital Markets: Hedging against interest rate risk
Loan structuring is more vital than ever in a rising interest rate environment By Erik Tellefson In a rising interest rate environment, loan structuring is more important than ever in order to protect lenders and borrowers. For lenders, the right structuring can keep a loan from deteriorating in debt service coverage as rates increase. For […]
