Financing & Investment
Psychiatric Solutions to buy Ardent Health’s behavioral division FRANKLIN, Tenn. – Psychiatric Solutions Inc. (Nasdaq: PSYS) of Franklin says it has entered an agreement to purchase 20 inpatient psychiatric facilities for $560 million from Nashville, Tenn.-based Ardent Health Services. The 20 facilities, which have a total of about 2,000 inpatient beds, produced about $300 million […]
Project Caset Study: Equity draws physicians to new MOB
NEW FACILITY WILL ALSO HELP COLORADO PROVIDER TO BE MORE COMPETITIVE By John Mugford What’s a not-for-profit hospital to do when physicians and investors open a competing for-profit surgery center and specialty hospital? The strategy for Mercy Regional Medical Center in Durango, Colo., is to bring in a third-party to develop, finance, own and manage […]
Los Angeles Area Medical Real Estate Projects
Despite the struggles of some California providers, there are plenty of cranes on the Los Angeles area skyline. The capital improvement projects are far too numerous to mention. But, here are some of the most significant ones: Los Angeles County and USC Medical Center (LAC+USC), Los Angeles. Completion is slated for January 2007 for this […]
Market Snapshot: Medical real estate firms still love L.A.
BUT CALIFORNIA’S TROUBLED HEALTH SYSTEM CASTS DOUBT OVER THE FUTURE By Murray W. Wolf The Los Angeles area has enjoyed a sustained healthcare real estate boom in recent years. That’s been a godsend for medical real estate developers, lenders, investors, brokers, designers, builders and other professionals – especially those who anticipated the opportunity and were […]
News & Analysis: Moratorium discussed in Wisconsin
SOME BLAME RISING HEALTH COSTS ON TOO MUCH HOSPITAL CONSTRUCTION By John Mugford Efforts to enact a moratorium on new hospital construction in Wisconsin failed in 2002. But the idea recently resurfaced with some Wisconsin politicians talking about the possibility of an 18- to 24-month statewide ban. Their stated goal was to give lawmakers time […]
Publisher’s Letter: Thanks for the reminder
NOT EVERY SYSTEM WANTS TO OUTSOURCE MOBs Murray W Wolf Dear Reader: A lot has been written during the past few years – much of it by us – about the trend toward third-party development and ownership of medical office buildings (MOBs). Given the apparent advantages of this strategy, one might jump to the conclusion […]
Company Profile: Firm touts retail strategy
ANCHOR HEALTH TAKES ITS CUES FROM CONSUMERS By Beth Mattson-Teig Healthcare today is demanding new ways of delivering outpatient services. To officials of Anchor Health Properties LCC, the solution is simple: retail. That contention is perhaps not surprising given the pedigree of the two founders of the Wilmington, Del.-based medical real estate firm. Before launching […]
Special Focus: Is 2005 time to borrow?
RAISING CAPITAL COULD BE TOUGHER NEXT YEAR By Jessica Griffith From Virginia to California, healthcare systems are looking at their aged buildings and drawing plans for renovations, additions and replacement hospitals. Industry experts say 2005 could be one of the best years this decade to finance those projects. Healthcare providers will experience relative credit stability […]
Industry Pulse: April 2005
SACRAMENTO, Calif. – Two Sacramento hospitals are encountering resistance to their plans for expansion projects. According to a recent report in the Sacramento Bee, a dozen Sacramento neighborhood organizations recently teamed up for a public forum to air concerns about the size and location of two expansion projects: a $456 million renovation project at the […]
News & Analysis: It’s the healthcare hub
Nashville is Med Real Estate’s Silicon Valley By John Mugford When Lauth Property Group, a longtime national developer and construction firm headquartered in Indianapolis, decided to dedicate a portion of its business to healthcare, there was no question about where the company would eventually locate an office for such pursuits.
Product Focus: Children’s health is hot
Many Factors are Driving Projects Nationwide By Jessica Griffith Children’s hospitals throughout the country are investing nearly $2 billion in expansions, renovations and replacement facilities.
News & Analysis: Providers pitch competing plans for Maui hospitals
MAUI, Hawaii – There’s only one full-service hospital on Maui. But, that could soon change. Three proposals are on the table to develop additional hospitals on the second largest of the Hawaiian Islands.
News & Analysis: Design OK sought for $180 million UNC cancer center
CHAPEL HILL, N.C. – Architects are seeking approval this spring for the final design of a new $180 million, seven-story cancer hospital at the University of North Carolina at Chapel Hill.
News & Analysis: HPA and Tenet tout rival plans for Charlotte area
FORT MILL, S.C. – Hospital Partners of America (HPA) Inc. and Tenet Healthcare Corp. are both proposing 64-bed hospitals for this fast-growing Charlotte suburb.
News & Analysis: Christus Spohn selects Alter for MOBs
Plans Call for $60 Million in Medical Office Space on Three Campuses By Murray W. Wolf Christus Spohn Health System turns 100 years old this year, but Chicago-based Alter+Care also has reason to celebrate. Alter+Care has been selected by the Corpus Christi, Texas-based system to be the master developer for planned medical office building (MOB) projects totaling about […]