Companies: CHS to buy assets of York, Pa., system
CAIN BROTHERS ASSISTING MEMORIAL HEALTH WITH SALE OF MULTIPLE FACILITIES By John Mugford It looks as if the high number of mergers and acquisitions activity among hospitals and health systems is going to continue throughout 2012, with a recent purchase by publicly traded Community Health Systems (NYSE: CYH) Inc. getting the ball rolling in the […]
Inpatient Projects: Florida OKs new $125 million hospital
SHANDS JACKSONVILLE PLANS $125 MILLION HOSPITAL AND MOB NORTH OF CITY By John Mugford More than four years after it first announced plans to build a new hospital in a growing area north of Jacksonville, Fla., the Shands Jacksonville health system recently received the go ahead from the state to proceed with the project. For […]
Outpatient Projects: Large MOB set near Orlando Regional
CARLYLE INVESTMENTS PLANS TO DEVELOP MORE THAN 80,000 SQUARE FEET By John Mugford A local developer has plans for a seven-story MOB near the 808-bed Orlando Regional Medical Center just south of downtown. In order to proceed with the project, Tampa-based Carlyle Investments Inc. plans to demolish three vacant 1950s office buildings on a 2.1-acre […]
Outpatient Projects: Caddis, MedProperties team on MOB
DECEMBER COMPLETION SET FOR FLOWER MOUND HEALTH PLAZA, NEAR DALLAS By John Mugford Caddis Partners LLC and MedProperties Holdings LLC, two Dallas-based firms, are preparing to start construction in late January on a single-story medical facility in Flower Mound, Texas, north of Dallas. Construction financing closed in mid-December. The facility, to be called Flower Mound […]
Outpatient Projects: Alabama MOB near hospital and retail
PROJECT SLATED FOR SITE NEAR TARGET-ANCHORED MALL OUTSIDE HUNTSVILLE By John Mugford The trend of developing healthcare facilities in retail locations is alive and well in Madison, Ala., located outside of Huntsville, in the northern part of the state. Within a future retail development known as Madison Corners, Huntsville-based Triad Properties Corp. recently purchased 3.46 […]
Outpatient Projects: PMB adding Bay Area MOB for Sutter
$27.5 MILLION, 80,000 SQUARE FOOT FACILITY IS A JOINT VENTURE WITH VENTAS By John Mugford San Diego-based Pacific Medical Buildings (PMB) recently started construction on a $27.5 million, 80,000 square foot MOB on the campus of an under-construction hospital campus in Castro Valley, in the Bay Area of California south of Oakland. The MOB is […]
Transactions: Duke Realty buys Chicago-area MOB
PRICE WAS $47.8M; REIT ALSO ACQUIRES CHRISTUS, COMMUNITY HEALTH FACILITIES By John Mugford Indianapolis-based Duke Realty Corp. has a goal of continuing to add to its medical office building (MOB) holdings. Well, the publicly traded real estate investment trust (REIT) did so with several significant purchases in recent weeks, the largest being a 104,912 square […]
Provider Perspective: Changes and challenges
HEALTH EXECS DISCUSS REAL ESTATE RESPONSES By John Mugford Ever since the first hospital was built in what would become the United States back in the 1750s, physicians and healthcare administrators have had to adapt and change with the times. Healthcare has always been, and always will be, an industry on the move. However, the […]
News & Analysis: Centura MOB sale closes
SEAVEST, DENVER FIRM MAKE $41.25 MILLION BUY By John Mugford For a number of years, healthcare real estate professionals often used the term “classic monetization” to describe a transaction in which a hospital or health system sold a portfolio of medical office buildings (MOBs) in order to reinvest the proceeds back into its mission of […]
Inpatient Projects: WellStar gets CON replacement in Ga.
$125 MILLION HOSPITAL SLATED FOR PAULDING COUNTY, NORTHWEST OF ATLANTA By John Mugford With its 53-year-old hospital in Dallas, Ga., deemed unable to handle the rapid growth taking place in Paulding County, Wellstar Health System recently received the answer it was looking for from the Georgia Department of Community Health. The state approved the Marietta, […]
Outpatient Projects: MOB going up at new Einstein campus
ALTER+CARE IS DEVELOPING 75,000 SQUARE FOOT FACILITY IN EAST NORRITON, PA. By John Mugford As an example of how consolidations and new alliances among health systems can provide opportunities for medical development firms, Chicago-based Alter+Care is in the midst of developing a 75,000 square foot medical office building (MOB) on a future hospital campus in […]
Transactions: Grubb REIT to buy eight more MOBs
SOON-TO-BE-RENAMED REIT AGREES TO PAY $112M FOR ABOUT 451,000 S.F. By John Mugford The fourth quarter (Q4) was supposed to bring plenty of good cheer and the closing of a number of large medical office building (MOB) transactions. Even though things remained relatively quiet on the Q4 sales front through the end of November, several […]
Special Report: 2012 prediction: déjà vu
HREI™ BOARD EXPECTS COMING YEAR TO BE SIMILAR By John Mugford Anyone hoping to get a preview of what the healthcare real estate sector will look like in 2012 can, for the most part, take a look back at 2011. That’s because some of the industry’s most experienced professionals believe that, barring any unforeseen circumstances, […]
News & Analysis: Ventas now king of MOBs
REIT BUYS COGDELL SPENCER AND ITS 72 BUILDINGS By John Mugford For many firms involved in the medical office building (MOB) sector, building a portfolio of significant scale requires years of developing and acquiring facilities. Chicago-based Ventas Inc. (NYSE: VTR), however, has taken a different and certainly quicker route to becoming the largest owner of […]
Inpatient Projects: Columbia, S.C., to get a new hospital
PALMETTO HEALTH BREAKS GROUND ON 76-BED FACILITY ON NORTH SIDE OF CITY By Dan Emerson A ground breaking ceremony was held in late October for a future hospital to serve the growing, hospital-bed deprived area of northwest Columbia, S.C. Palmetto Health is investing nearly $100 million into the future Palmetto Baptist Parkridge Hospital, which is […]
