Companies & People: Christine Gorham hired to lead Caddis’ strategy to grow platform in the Southeast
In more news from Dallas-based Caddis, the firm recently hired Christine Gorham to serve as director – Southeast Region. In her new role, Ms. Gorham focuses on growing the company’s
Industry Pulse: Merger Mania Strikes As Year Comes To A Close
Three planned healthcare mergers that could have a big impact on real estate are in the works It’s been merger mania recently as three blockbuster healthcare industry deals were announced in late 2017 – all with enormous potential implications for healthcare real estate: ■ Dignity Health and CHI. Offering services at more than 700 […]
Outpatient Projects: PMRG and physician partners start work on new 58,000 s.f. MOB adjacent to Baylor Scott & White hospital in Irving, Texas
IRVING, Texas – Local news media reports that Houston-based PMRG, along with several physician partners, recently began construction of a three-story, 58,000 square foot MOB adjacent to the 296-bed Baylor Scott & White Medical Center – Irving hospital. The new Medical Office Building III is roughly 80 percent pre-leased to medical providers, including, HealthTexas Provider […]
Outpatient Projects: State approves $25.3 million, 52,704 s.f. MOB for OSF St. Joseph Medical Center in Bloomington, Ill.
BLOOMINGTON, Ill. — The Illinois Health Facilities and Services Review Board (IHFSRB) voted unanimously yesterday (Jan. 9) to approve an application from OSF St. Joseph Medical Center in Bloomington to develop a $25.3 million, 52,704 square foot on-campus MOB. The hospital, part of Peoria, Ill.-based OSF Healthcare System, plans to fund the project with bonds. […]
Transactions: Meridian acquires MOB in Orange County, Calif.; plans to make $24 million of improvements
LAGUNA HILLS, Calif. – San Ramon, Calif.-based Meridian recently closed on the acquisition of a value-add, 57,057 square foot MOB in Laguna Hills, in Orange County, Calif. Meridian plans to invest more than $24 million into the 74 percent occupied MOB, known as The Laguna.
Inpatient Projects: Scripps going big in San Diego
But system’s $2.6 billion capital plan could be altered by external forces By John B. Mugford Although San Diego-based Scripps Health announced in November that it intends to spend up to $2.6 billion on construction projects system wide through 2030, officials note that the plan could be put in jeopardy by changes beyond the organization’s […]
Transactions: DOC acquires Texas MOB for $30 million
Physicians Realty Trust buys Midland facility occupied by local health system and USPI By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired Legends Park, a 64,200 square foot MOB and ambulatory surgery center (ASC) complex in Midland, in West Texas.
December 2017 PDF
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Post-Acute & Senior Living: MedCore Partners, Post Acute Medical team up on post-acute facility in Dover, Del.
DOVER, Del. – Dallas-based MedCore Partners and Enola, Pa. based Post Acute Medical LLC (PAM) are teaming up on the development of what the firms call a “first-of-its-kind” post-acute care facility in Dover.
Finalists: Best Inpatient Facility – Sanford Medical Center Fargo, Fargo, N.D.
Developer: Sanford Health After eight years of planning and development, the $494 million, 11 story, 1 million square foot Sanford Medical Center Fargo has opened to the public.
Finalists: Best Post-Acute/Senior Living -St. Stephen’s Senior Housing, Canta Cruz, Calif
Developer: MidPen Housing Corp. The grand opening for St. Stephens Senior Housing was held Oct. 20, 2017. The project represents the realization of the congregation’s long-held vision to transform a portion of the church property into a vibrant residential community for low-income seniors in the area.
Finalists: Best New Mob – RWJBarnabas Health at Bayonne, Bayonne, N.J.
Developer: Rendina Healthcare Real Estate Completed this summer, RWJ Barnabas Health at Bayonne is being lauded by residents and community officials as a success in providing the community with greater access to high quality healthcare.
Outpatient Projects: NexCore breaks ground on outpatient campus next to hospital in Show Low, Ariz.
SHOW LOW, Ariz. – In more news from NexCore Group, the company broke ground Nov. 6 for a 18.81-acre, three-building outpatient campus next to Summit Healthcare Regional Medical Center (SHRMC) in Show Low, a mountain city about 180 miles northeast of Phoenix.
Finalists: Best New Mob – Women’s Care Florida Women’s Health Center, Tampa, Fla
Developer: NexCore Group LLC The new facility will allow WCF to enhance patient satisfaction with a conveniently located, patient-centered, one-stop care center. WCF will be able to see about 30 percent more patients in its new space because of the efficient programming and design achieved by the NexCore team.
Finalists: Renovated/Repurposed – Spectrum Health Integrated Care Campus, Grand Rapids, Mich.
Developer: Spectrum Health The new downtown Grand Rapids integrated care campus opened in June. It houses two internal medicine and pediatrics primary care practices formerly located elsewhere in the city, and other services including occupational health and rehab. There is a new main lobby/ reception area and waiting room, as well as a radiology/X ray […]