Product Focus: Outpatient opportunities
OPERATORS OFTEN OUTSOURCE REAL ESTATE WORK By Jessica Griffith Tom Yerden understands the value of healthcare real estate, particularly those parcels of land that house existing and future outpatient centers. “If I could go back 30 years, I would buy real estate next-door to hospitals,” says Mr. Yerden, the founder of Aspen Healthcare, a manager […]
News & Analysis: HCN expects asset sales
REIT’S THREE-YEAR BUYING BINGE COULD BE OVER By Jessica Griffith Health Care REIT Inc. added 25 skilled nursing facilities and five specialty care centers to its investment portfolio during the second quarter. But, the company does not plan to purchase a significant number of buildings during the second half of 2005. “We could end up […]
Industry Pulse: August 2005
MILWAUKEE, Wis. – New details have emerged in Columbia St. Mary’s plan to consolidate two Milwaukee medical campuses. Plans call for a new $417 million, 513-bed replacement hospital to be called Columbia St. Mary’s Lake Drive Hospital. It will be built at the site of the current Columbia St. Mary’s Milwaukee Campus. The existing 237-bed […]
Financing & Investment: SNH strikes major deal
SENIOR LIVING REIT PLANS TO INVEST $67.5 MILLION Senior Housing Properties Trust (NYSE: SNH) has entered into a transaction with Five Star Quality Care Inc. (AMEX: FVE) valued at up to $67.5 million. SNH purchased from Five Star for $24 million four assisted living facilities (ALFs) totaling 299 units which were leased back to Five […]
Guest Column: Healthcare financing takes patience
A SYSTEMATIC APPROACH CAN LEAD TO LONG-LASTING BUSINESS RELATIONSHIPS By Jeffrey A. Davis Here’s an observation, gained through years of experience, for mortgage brokers, bankers and consultants who are called upon to accommodate clients in the highly specialized senior housing / healthcare industry segment: The next loan you arrange for a client through a national […]
Detroit-area hospital brands new MOB
BEAUMONT ALLOWS PRIVATELY OWNED FACILITY TO USE ITS WELL-KNOWN NAME By Jessica Griffith An established family-practice doctor needed room to expand his offices. A regional hospital wanted to increase its visibility in a rapidly growing Detroit suburb without investing in real estate. The result is a new, 88,000 square foot medical office building (MOB) […]
Market Focus: Boom time in Minnesota’s Twin Cities
BIG BATTLE TAKING PLACE OVER WHO WILL BUILD STATE’S NEWEST HOSPITAL By John Mugford As is the case in most large metropolitan areas, health systems in the Twin Cities of Minneapolis-St. Paul, Minn., are racing to keep up with demand in the growing suburbs. There’s even demand for more medical space and services in the […]
Provider Profile: Nothing cheesy about this Cottage
SMALL SOUTHERN CALIFORNIA SYSTEM IS RUNNING A FIRST CLASS OPERATION By Beth Mattson-Teig Santa Barbara, Calif.-based Cottage Health System is quite tiny by industry standards. But that hasn’t stopped the three-hospital system from dominating its market, achieving a top bond rating and tackling nearly half a billion dollars in construction projects. Currently, Cottage has development […]
Rendina Cos. reaches milestones for four MOBs
PALM BEACH GARDENS, Fla. – Rendina Cos. recently announced various development milestones regarding MOB projects in Connecticut, Florida, South Carolina and Texas. The Palm Beach Gardens, Fla.-based firm plans to develop a four-story, 100,000 square foot MOB on the campus of the Hospital of Saint Raphael in New Haven, Conn. Pending city and state approvals, […]
News & Analysis: Pacific closes the book on CHW deal
FIRM ACQUIRES THE LAST SIX PROPERTIES THAT WERE PART OF 2003 AGREEMENT By John Mugford Pacific Medical Buildings (PMB) has closed the book on its 2003 deal to acquire more than 1 million square feet of medical office space from Catholic Healthcare West (CHW) with the acquisition of six more buildings. The San Diego-based medical […]
Publisher’s Letter: It’s capitalism at work
WE’RE NOT TO BLAME FOR RISING HEALTH COSTS By Murray W. Wolf Dear Reader: Recently, a local newspaper reporter called me seeking comments on the topic of healthcare real estate. I was flattered, but I tried to beg off. Although I know quite a bit about that topic, that’s only thanks to what I’ve learned […]
Product Focus: Moratorium ends – not
MORE STUDY KEEPS SPECIALTY HOSPITALS ON HOLD By Murray W. Wolf Technically, the 18-month moratorium on new physician-owned specialty hospitals ended June 8. In effect, however, the ban has been extended to January 2006 while the Centers for Medicare and Medicaid Services (CMS) reviews possible changes in Medicare reimbursement rates. CMS plans to reform Medicare […]
News & Analysis: HCP to sell more MOBs
38 ASSETS ARE ON THE MARKET, SOURCES SAY By John Mugford There is talk among healthcare real estate insiders that the days of seeing large medical office building (MOB) portfolios put on the sale block are becoming fewer and farther in between – and there is some evidence to support that contention. However, Healthcare Real […]
Industry Pulse: July 2005
HOUSTON – Methodist Hospital System of Houston recently sketched plans for more than $1 billion in expansion projects over a 10-year period. The work would be done at four hospitals owned by the system. Planned projects include: a $250 million, 500,000 square foot outpatient center at Methodist Hospital in Houston; a $150 million, 220-bed expansion […]
Financing and Investment
Fresenius plans to buy Renal Care for about $4 billion BERLIN – Fresenius Medical Care AG (NYSE: FMS), already the world’s largest provider of kidney dialysis services, disclosed last month that it plans to buy Nashville, Tenn.-based Renal Care Group Inc. (NYSE: RCI) for about $4 billion in cash and assumed debt. Officials of Bad […]