Editor’s Letter (August 2008)
Deals are slowing, for now BUT HOSPITALS CONTINUE TO BUILD AND EXPAND NATIONWIDE Dear Reader: On the surface, the latest statistics once again show that the volume of medical office building (MOB) sales transactions continues to outperform general office. We write about this in our front page article entitled, “Volume drops for MOBs.” While the […]
Editor’s Letter (July 2008)
Industry leaders on the move MEMBERS OF OUR EDITORIAL BOARD PURSUE NEW VENTURES Dear Reader: A few of the members of our Editorial Advisory Board recently made job changes. This might not seem like big news on the surface, but because the members of our editorial board are indeed among the leaders of the healthcare […]
Industry Pulse (July 2008)
BULLITT COUNTY, Ky. – A turf war is officially brewing in growing Bullitt County, south of Louisville. Two healthcare systems are now planning to build acute care facilities in the hospital-less county. The latest to announce such plans is Brentwood, Tenn.-based LifePoint Hospitals Inc. (Nasdaq: LPNT), which would like to build a 60-bed hospital. The […]
Industry Pulse (June 2008)
NEWNAN, Ga. – Piedmont Newnan Hospital, about 30 miles southwest of Atlanta, recently received the go ahead from the state for its Certificate of Need (CON) application to build a replacement hospital. The Georgia Department of Community Health in recent weeks approved the $193.7 million proposed project, which would be built on 105 acres near […]
Industry Pulse (May 2008)
PRINCETON, N.J. – A late-summer groundbreaking is expected for a new, $441 million University Medical Center at Princeton (UMCP), the acute care hospital of Princeton HealthCare System. The replacement hospital is scheduled to open in 2011 in nearby Plainsboro, N.J. The hospital fundraising campaign recently received a major boost in the form of a $25 […]
Editor’s Letter (May 2008)
Dear Reader: If you think this edition of Healthcare Real Estate Insights™ looks a little different, you’re right. This month, we are pleased to unveil some new features and design changes intended to make HREI™ an even more useful tool for healthcare real estate professionals. Healthcare real estate is still a bit of an emerging […]
Editor’s Letter (April 2008)
Dear Reader: I think I can speak for everyone here at Healthcare Real Estate Insights™ in saying that we’re proud of the work we do. And while many or you, our readers, certainly offer us ideas and suggestions for making the newsletter even better – this is certainly advice that we’re open to at any […]
Industry Pulse (April 2008)
HOUSTON – Construction is set to begin this month on the $300 million Methodist West Houston Hospital. The future hospital, which is part of Houston-based Methodist Hospital System, is being built in the growing suburb of Katy, Texas, in the far western part of the metropolitan area. Plans call for a 500,000 square foot, six-story […]
Industry Pulse (March 2008)
CHARLOTTE, N.C. – Charlotte-based Carolinas HealthCare System is certainly a big provider, with its 22 hospitals, 200 locations and 5,000 licensed beds throughout North and South Carolina. And now the system is about to embark on its biggest construction project ever. Carolinas received the green light from North Carolina officials in late February to proceed […]
Industry Pulse (February 2008)
MERRIAM, Kansas – Shawnee Mission Medical Center, located in the far western suburbs of the Kansas City metro area of Missouri and Kansas, recently announced plans to buy 42 acres in the southern part of growing Overland Park, Kan., for a future hospital. The hospital campus would be developed in phases, starting with outpatient services […]
Industry Pulse (January 2008)
BIRMINGHAM, Ala. – The unfinished, massive Digital Hospital just south of Birmingham might get a life of caring for patients after all. Birmingham-based real estate firm Daniel Corp. recently agreed to pay $43.5 million for the 1 million square foot, 13-story hospital and its 103-acre site from Birmingham-based HealthSouth Corp. (NYSE: HLS). The health system […]
Inpatient Projects (December 2007)
All-digital replacement unveiled in N.J. VIRTUA HEALTH PLANS 376-BED REPLACEMENT ON 125 ACRES IN VOORHEES TOWNSHIP By John Mugford Marlton, N.J.-based Virtua Health recently unveiled plans for a $400 million, 376-bed “digital” hospital in Voorhees Township, N.J., located in the southeastern New Jersey exurbs of Philadelphia. The hospital would replace Virtua’s 1973 hospital in Voorhees, […]
Industry Pulse (December 2007)
CALIFORNIA – This shocker is actually good news for many California hospitals and health systems. It now looks as if about 600 hospital buildings will not necessarily have to be rebuilt or retrofitted by a deadline of 2013 in order to meet California’s strict rules for seismic safety. In recent weeks the California Building Standards […]
Industry Pulse (November 2007)
SPRING HILL, Tenn. – Nashville, Tenn.-based HCA Inc.’s TriStar Health System recently received a rejection right in its own backyard. An administrative law judge has denied HCA’s previously approved Certificate of Need (CON) to build a $110 million hospital in Spring Hill, about 30 miles south of Nashville. The CON for the 56-bed facility had […]
Industry Pulse (October 2007)
NASHVILLE, Tenn. – The Vanderbilt University Board of Trustees in recent weeks took the first steps toward a massive expansion of Monroe Carell Jr. Children’s Hospital at Vanderbilt. The board approved $5.4 million in planning fees for a proposed addition that would add a $203 million, eight-story, 340,000 square foot tower. The project would include […]
