Industry Pulse: June 2009
SAN FRANCISCO – Healthcare Real Estate Insights™ recently had an interesting conversation with the president of the New Century Healthcare Institute, which is based in San Francisco. Wanda Jones, often referred to as a healthcare futurist, is currently advocating a plan for rebuilding the state’s healthcare facilities that goes against the current conventional wisdom. As […]
Industry Pulse: May 2009
SILICON VALLEY, Calif. – Silicon Valley has long been known as a hotbed of high-tech. Now it is looked upon as a place where hospital beds are being built despite the recession. A recent study by the California Hospital Association indicates that 41 percent of the state’s hospitals have halted construction projects or major equipment […]
Industry Pulse: April 2009
MANASSAS, Va. – When members of the Healthcare Real Estate Insights™ Editorial Advisory Board met last November in Dallas to discuss the industry, they were asked to make a few predictions about future trends in both healthcare and healthcare real estate. One prediction to emerge from the conversation – initiated by Todd Lillibridge, the CEO […]
Industry Pulse: March 2009
WASHINGTON – As we all know by now, healthcare is not recession-proof. However, it was one of the few sectors to add jobs in 2008, as an estimated 371,600 healthcare jobs were added last year, according to the U.S. Bureau of Labor Statistics. In December 2008, as the rest of the economy was shedding jobs, […]
Industry Pulse: February 2009
CLARKSBURG, Md. – Rockville, Md.-based Adventist HealthCare in early February filed a Certificate of Need (CON) application with the Maryland Health Care Commission to build a new 60-acre hospital campus in Clarksburg, about an hour east of Baltimore. The hospital is slated for a fast-growing area of upper Montgomery County. Plans call for the construction […]
Industry Pulse: January 2009
ORLANDO, Fla. – How in the world would one go about investing in medical office buildings (MOBs) in, perhaps, Europe, or Australia? Well, Orlando, Fla.-based CNL Financial Group and Sydney, Australia-based Macquarie Group Ltd. recently announced they are partnering up to establish a massive real estate investment trust (REIT) to pursue real estate opportunities around […]
Industry Pulse: December 2008
CALIFORNIA – Talk about controversy. California’s healthcare receiver for the state’s prison system, J. Clark Kelso, has devised a plan to build seven new prison hospitals with a total of 10,000 beds. The plan to build the newer and better hospitals for inmates came in response to a judge’s ruling that the healthcare provided by […]
Industry Pulse: November 2008
CALIFORNIA – On Nov. 4, voters across the country chose Barack Obama as their next president, and in California voters approved Proposition 3, a huge measure that will provide $980 million for capital improvements at children’s hospitals across the state. The measure provides funding for construction projects, expansions and renovations at eight not-for-profit children’s hospitals […]
Industry Pulse (October 2008)
ATLANTA – Even though Piedmont Healthcare of Atlanta has been wracking up plenty of capital building projects and hospital acquisitions in recent years, the system recently announced that it is launching an even more expansive growth plan. The system revealed in September that it plans to spend $525 million over five years to build new […]
Industry Pulse (September 2008)
NEW YORK – There seem to be fewer large medical office building (MOB) portfolios on the market these days, the prices of the assets that are available are relatively high, and the challenging capital environment seems to have put a bit of damper on some MOB new developments. So it’s probably not surprising that some […]
Industry Pulse (August 2008)
SEATTLE – Swedish Health Services might be the dominant healthcare provider in the Seattle environs, but four area hospitals are making a legal effort to stop the system from making further inroads in the marketplace. The hospitals have their sights set on overturning a 2007 administrative judge’s ruling that paved the way for Swedish to […]
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 […]
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 […]
