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 […]
Industry Pulse (September 2007)
ELK GROVE, Calif. – As of mid-August, Methodist Hospital of Sacramento and its parent company, San Francisco-based Catholic Healthcare West (CHW), were reportedly talking with a development firm about land for a new hospital in growing Elk Grove, about 20 miles south of Sacramento. CHW was looking for land large enough – in the 25- […]
Industry Pulse (August 2007)
HOUSTON – The trouble doesn’t seem to be over for the former physician-owned Town & Country Hospital in Houston. Recently, doctors leaving a medical office building (MOB) on the campus filed two lawsuits against Houston-based Memorial Hermann Healthcare System, which acquired the hospital and MOB in early 2007 from Medical Properties Trust Inc. (NYSE: MPW), […]
Industry Pulse (July 2007)
OAKLAND COUNTY, Mich. – Flint, Mich.-based McLaren Health Care Corp. was recently given the final go ahead to proceed with its massive $600 million, 74-acre “healthcare village” in Oakland County, in the far northwest exurbs of Detroit. The final land use approval was granted in recent weeks by the Board of Trustees for Independence Township, […]
Industry Pulse (June 2007)
SANTA CLARITA, Calif. – With controversy swirling among residents and local officials over the size of its planned expansion, 230-bed Henry Mayo Newhall Memorial Hospital in Santa Clarita has scaled back its 20-year master plan. The hospital’s latest plan calls for doubling the size of the 330,000 square foot medical complex. The 20-year buildout […]
Industry Pulse (May 2007)
PALM BEACH GARDENS, Fla. – As this edition of Healthcare Real Estate Insights™ was going to press, we received notice that Palm Beach Gardens, Fla.-based Rendina Cos. had sold 17 medical office buildings (MOBs) for $288 million to Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN).Rendina also announced the sale of its affiliated property management […]
Industry Pulse (April 2007)
CHESTERTON, Ind. – The healthcare community is abuzz in Porter County, Indiana, located just south of Lake Michigan and about 50 miles east of Chicago. That’s because officials with a massive planned residential and commercial community called Coffee Creek Center recently confirmed that they are in discussions to bring a new hospital to their development. […]
Industry Pulse (March 2007)
SAN DIEGO – On the West Coast, Bob Rosenthal is considered a guru – perhaps the guru – of medical office building (MOB) development, as it has been his sole concentration for 35 years of his career. Recently, Mr. Rosenthal announced that he is retiring as the president and managing principal of San Diego-based […]
Industry Pulse (Febuary 2007)
CLEVELAND – Hillcrest Hospital in Cleveland, part of the Cleveland Clinic system, recently announced plans for a five-year, $163 million campus expansion and renovation. The construction project at the 424-bed facility would be the largest investment Cleveland Clinic has made at one of its nine hospitals, part of the Cleveland Clinic Regional Hospitals division. The […]
