Provider Perspective: Providers talk strategy
EXECUTIVES DISCUSS REAL ESTATE’S CHANGING ROLE By John Mugford In what is becoming known as the era of healthcare reform, quite a bit is changing, and will continue to change, for hospitals and health systems as they go about their mission of delivering medical services to an ever-expanding pool of patients. As most everyone involved […]
Industry Pulse: June 2011
FRISCO, Texas – The general consensus among professionals involved in healthcare real estate, as well as the healthcare industry in general, is that the development of new physician-owned hospitals is dead, killed by Section 6001 of the Patient Protection & Affordable Care Act. The provision, for the most part, prohibited the opening of new physician-owned […]
Editor’s Letter: Glad we’re ‘healthcare’
THERE’S MUCH MORE TO THIS SECTOR THAN MOBs By John B. Mugford. Dear Reader: When we launched Healthcare Real Estate Insights™ in January 2003, we deliberately used “healthcare” in our publication title rather than a more specific term like “medical office” to reflect that the scope of our coverage would include a broad range of […]
Provider Perspective: Providers need flexibility, partnerships
REAL ESTATE FIRMS CAN PROVIDE CREATIVITY AND CAPITAL, HEALTH EXECS SAY By Murray W. Wolf For a snapshot of what is happening in the healthcare industry and healthcare real estate these days, focus your lens on North Memorial Health Care in Robbinsdale, Minn. The independent, not-for-profit system in the north Minneapolis suburbs perhaps exemplifies much […]
Inpatient Projects: Battle to build S.C. hospital continues
CAROLINAS HEALTHCARE SYSTEM BUYS LAND FOR PROPOSED 64-BED HOSPITAL By Dan Emerson A battle between three health systems to build a new hospital in Fort Mill, S.C., a growing suburb south of Charlotte, N.C., has been part of the healthcare landscape for at least seven years or so. At one point, in 2006, the matter […]
Outpatient Projects: Acquisition puts JV in the driver’s seat
SEAVEST, KIRCO ADAPTING FORMER AUTO PARTS COMPANY HQ FOR HEALTHCARE By Dan Emerson After trying for several years to add medical services at its busiest outpatient location, Detroit-based Henry Ford Health System (HFHS) has chosen a different strategy: expanding its offerings in a nearby office building that is being converted to a medical use. The […]
Transactions: The Sanders Trust adds to its portfolio
BIRMINGHAM, ALA.-BASED FIRM BUYS INPATIENT REHAB HOSPITAL IN LAS VEGAS By John Mugford The Sanders Trust (TST), a medical real estate investment firm based in Birmingham, Ala., has a goal of adding $100 million to its portfolio in 2011 through acquisitions and development. The company made significant progress toward that goal in May by paying […]
Capital Markets Snapshot: Medical real estate still a bright spot
DESPITE FISCAL CHALLENGES, SECTOR WILL BE STRONG FOR NEXT YEAR OR MORE By Cain Brothers. At this point, the federal deficit is unsustainable and Medicare and Medicaid are key contributors to this fiscal challenge. Healthcare reform entails fundamental changes in the organization of the healthcare delivery and reimbursement models. The Democratic-controlled Senate and Republican-controlled House […]
News & Analysis: G&E finds off-market deal
REIT PAYS $30M FOR PART OF A SEAVEST PORTFOLIO By John Mugford As several of the country’s publicly traded healthcare real estate investment trusts (REITs) grow larger through mergers and acquisitions (M&As), they are less likely to be interested in smaller deals of,perhaps, under $50 million. As a result, this super-sizing of the healthcare REITs […]
Product Focus: Q1 MOB sales sank 74%
BUT SALES PROFESSIONALS REMAIN OPTIMISTIC By John Mugford Hopefully, this was just a hiccup, the disappointing MOB sales volume that kicked off 2011 – a year that many professionals had predicted would be rife with plenty of opportunities and transactions. Instead, according to statistics compiled by New York-based Real Capital Analytics (RCA) Inc., the first […]
Industry Pulse: May 2011
NAPA, Calif. – A financially troubled MOB complex in California’s wine country is getting a new lease on life thanks to its recent acquisition by White Plains, N.Y.-based Seavest Inc. Seavest’s third healthcare real estate fund, Seavest Properties III, acquired the two-building, 65,000 square foot property at 1100 Trancas St. in Napa for $11.2 million, […]
Editor’s Letter: REITs certainly rule
HREI™ EDITORIAL BOARD PREDICTED AS MUCH By John B. Mugford (Editor) Dear Reader: A couple of years ago, as the country was mired in recession and the commercial real estate market was in the tank, the members of the Editorial Advisory Board of our publication, Healthcare Real Estate Insights™, gathered for our annual meeting to […]
Companies: $154 million Baylor project complete
DUKE REALTY DEVELOPED THE 459,717 SQUARE FOOT DALLAS CANCER CENTER By John Mugford After nearly two years of construction, the newest crown jewel of the giant, not-for-profit Baylor Health System is now up and running in Dallas. In late March, Baylor opened the $154 million, 459,717 square foot Charles A. Sammons Cancer Center on its […]
Provider News: Sutter reports 45 percent income leap
EVEN SO, LARGE CALIFORNIA SYSTEM LOOKS TO TRIM BUDGET BY $700 MILLION By Dan Emerson Last year was a good one for Sacramento, Calif.-based Sutter Health. In fact, in 2010 Sutter’s profits increased more than 45 percent over the previous year, to $685 million from $471 million in 2009. The healthcare system reported its financials […]
Inpatient Projects: Questions remain for LSU Med Center
SCOPE AND FINANCING STILL IN QUESTION EVEN AS PRE-CONSTRUCTION BEGINS By Dan Emerson As pre-construction work was starting in recent weeks on the proposed $1.2 billion Louisiana State University (LSU) Medical Center in the Mid-City section of New Orleans, federal officials were still in the process of determining what type of hospital will be built […]
