Industry Pulse: October 2005
SPRINGFIELD, Ohio – Community Mercy Healthcare Partners has reached an agreement with local officials on a 45-acre site for a $280 million healthcare campus that the provider plans to build in this west-central Ohio city. The new hospital would be the result of a merger between two long-time Springfield providers: Springfield Community Hospital and Mercy […]
Financing & Investment: HCP makes $252 million acquisition
HEALTH CARE PROPERTY INVESTORS BUYS 12 ASSETS FROM AEGIS AND OAKMONT By Murray W. Wolf Health Care Property Investors Inc. (NYSE: HCP) has acquired 12 independent and assisted living facilities in Washington, California and Nevada from Redmond, Wash.-based Aegis Living LLC and Santa Rosa, Calif.-based Oakmont Senior Living LLC. The acquisition includes 10 Aegis and […]
Project Study: Sutter’s ‘soothing’ business strategy
CALIFORNIA PROVIDER USES DESIGN TO LURE PATIENTS, PHYSICIAN PRACTICES By Jessica Griffith Art and poetry intertwine with medicine and surgery in a new healthcare complex developed by Sutter Health, the northern California-based healthcare powerhouse. This mix of the arts and healthcare is taking place on the Sutter Fairfield Medical Campus in Fairfield, Calif., halfway between […]
Market Focus: San Diego healthcare forecast is sunny
$2 BILLION+ IN MEDICAL REAL ESTATE PROJECTS ARE UNDERWAY OR PLANNED By John Mugford Decades ago, San Diego was a bit of a secret paradise that played second fiddle to its mega-sized neighbor to the north, Los Angeles. However, wonderful year-round weather, plenty of ocean activities, and a typically robust economy eventually blew the lid […]
Company Profile: Iowa Health taps economies of scale
STATEWIDE NETWORK CREATES EFFICIENCIES FOR HOSPITALS, AFFILIATES By Beth Mattson-Teig For more than a decade now, Iowa Health System has been out to prove that at least one old adage is correct: “The whole is greater than the sum of its parts.” As the dominant healthcare provider in the state, Des Moines-based Iowa Health System […]
News & Analysis: Inland Empire is attracting investment
CALIFORNIA REGION HAS NEARLY $2 BILLION IN MEDICAL PROJECTS IN THE WORKS By Brian Busek When one looks for the big action in medical real estate in California, the gaze typically runs along the coast line from the San Francisco Bay down to Los Angeles and into San Diego. Travel east from the salt spray, […]
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 […]
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 […]