Provider News: Dignity buys land for ‘mini’ hospital
HEALTH SYSTEM PLANS 24-BED, $44M FACILITY IN WEST VALLEY OF PHOENIX METRO By John Mugford Jeffrey W. Land, the VP of corporate real estate for San Francisco-based Dignity Health, has said on several occasions in recent years that the hospital of the future will be significantly smaller and more efficient than those built in the […]
Inpatient Projects: Banner continues to expand in Arizona
$151 MILLION EXPANSION AT BANNER ESTRELLA IS ONE OF SEVERAL PROJECTS By John Mugford Banner Health sure looks to be gearing up for plenty of growth in Greater Phoenix. The not-for-profit health system, the second largest private employer in Arizona, recently announced that it plans to spend $151 million on a new 144-bed patient tower […]
Outpatient Projects: Surgical campus to grow with MOB
DALLAS-BASED SRP MEDICAL BREAKS GROUND ON 80,000 SQUARE FOOT FACILITY By John Mugford It looks as if the Methodist Hospital for Surgery is doing quite well in the north Dallas suburb of Addison, Texas. On a site just off the Dallas North Tollway, the 108,000 square foot, 32-bed specialty surgical hospital has been open since […]
Transactions: ARC buys MOBs from Dallas developer
SELLER IS CADDIS PARTERS; FACILITIES ARE IN ARLINGTON, SUNNYVALE, TEXAS By John Mugford Even though health systems have not been selling medical office buildings (MOBs) with much frequency in recent years, MOBs remain on the radar screens of many real estate investors. Because of this and as a result of compressed capitalization rates for such […]
News & Analysis: Sanders stays in the mix
BUYS MIXED-USE MED PLAZA IN CHARLESTON, S.C. By John Mugford There is little doubt that the future of healthcare delivery will include a new breed of off-campus, outpatient facility that will be home to a wide range of services, perhaps provided by just one or a few main tenants, such as a large group practice […]
Industry Pulse: June 2012
WASHINGTON, D.C. – The uncertainty concerning the Patient Protection and Affordable Care Act is over. As this edition was going to press, the U.S. Supreme Court ended months of speculation in voting 5-4 that the law is indeed constitutional and that individuals can be fined if they do not obtain health insurance. While the Court’s […]
Publisher’s Letter: Healthcare beats hype
KEEP YOUR FACEBOOK, GIVE ME OUR REITs By Murray W. Wolf Dear Reader: Facebook (NYSE: FB) debuted on Wall Street on May 18 with arguably the most high-profile initial public offering (IPO) in history. It was a “once in a generation opportunity” to get in on the ground floor of what could be one of […]
Inpatient Projects: Work started on $284M Sutter hospital
SANTA ROSA, CALIF., REPLACEMENT FACILITY WILL REPLACE A 1983 STRUCTURE By John Mugford These days, when new hospitals are planned and built they are quite often replacements for aging and inefficient facilities with too many beds. Today’s hospitals are typically smaller, sleeker, packed with the latest in medical and monitoring technology, and more user-friendly amenities […]
Outpatient Projects: Hammes selected for California MOB
WISCONSIN-BASED FIRM LEADING DEVELOPMENT FOR SUTTER IN SANTA ROSA By John Mugford Marketing started in recent weeks for a medical office building (MOB) that Brookfield, Wis.-based Hammes Co. has planned in Santa Rosa, Calif. The facility is slated for land on the future replacement campus of Sutter Medical Center of Santa Rosa (SMCSR), slated for […]
Special Report: Chaos in healthcare?
BOMA PANELISTS DISCUSS THE CHANGING SYSTEM By Murray W. Wolf Healthcare real estate professionals know that any time they walk into the office of a healthcare executive to pitch business, they better know as much about the system as possible: its strengths, weaknesses and needs. These days, however, real estate professionals need to take this […]
Companies: HTA: Time to be listed
REIT TO BE TRADED ON NEW YORK STOCK EXCHANGE By John Mugford As Healthcare Trust of America (HTA) Inc. has gone about preparing in recent weeks for a listing of its stock on the New York Stock Exchange (NYSE) on or about June 6, it has been touting its performance as a non-listed healthcare real […]
Companies: McCarthy finishes Santa Barbara work
$300 MILLION FOURTH PHASE IS PART OF AN OVERALL $700 MILLION REPLACEMENT By John Mugford McCarthy Building Cos. Inc. recently completed the $300 million fourth phase of construction on the $700 million Santa Barbara (Calif.) Cottage Hospital replacement project. The fourth phase, which encompasses the new inpatient hospital, was part of a six-phase replacement construction […]
Inpatient Projects: U. of Mich. plans neuroscience facility
$163 MILLION PROJECT TO REMODEL FORMER CHILDREN’S, WOMEN’S FACILITIES By John Mugford As outpatient facilities become more complex and capable of providing procedures once reserved for hospitals, many hospitals are also becoming more technologically advanced. A case in point is in Ann Arbor, Mich., where the University of Michigan Health System (UMHS) has announced plans […]
Outpatient Projects: Delivering outpatient care in a big way
ROCHESTER, N.Y., HOSPITAL BUYS AND PLANS TO UPGRADE AMBULATORY CAMPUS By John Mugford In a prime example of how health systems are shifting their focus toward delivering medical services in facilities away from the hospital setting, Rochester General Health System (RGHS) in Rochester, N.Y., recently announced plans for the creation of a large, multi-building outpatient […]
Transactions:AW, MedProperties acquire portfolio
OWNER/OPERATOR, PRIVATE EQUITY FIRM BUY SIX MOBS IN SOUTHWEST FLORIDA By John Mugford Palm Beach Gardens, Fla.-based AW Property Co. has a goal of substantially adding to its medical office building (MOB) portfolio – up to $250 million worth – in its home state of Florida in a three-year period. At the same time, Dallas-based […]
