Industry Pulse: October 2005
SPRINGFIELD, Ohio – Community Mercy Healthcare Partners has reached an agreement with local officials on a 45-acre site for a $280 million healthcare campus that the provider plans to build in this west-central Ohio city. The new hospital would be the result of a merger between two long-time Springfield providers: Springfield Community Hospital and Mercy […]
Industry Pulse: September 2005
SAN FRANCISCO – California Pacific Medical Center (CPMC) officials have finally outlined plans for a $1 billion medical center in San Francisco’s Cathedral Hill neighborhood. The long-awaited plan includes up to 600 new seismic safety law-compliant hospital beds, plus a $210 million medical office building (MOB). Officials of the Sutter Health affiliate say they plan […]
Publisher’s Letter: Thanks for the feedback
READER SURVEY COMMENTS WILL HELP US IMPROVE By Murray W Wolf Dear Reader: At the risk of blowing our own horn, I am delighted to report that nearly 94 percent of the respondents to our recent reader survey gave Healthcare Real Estate Insights™ an overall rating of “excellent” (67 percent) or “good” (28 percent). Many […]
Industry Pulse: August 2005
MILWAUKEE, Wis. – New details have emerged in Columbia St. Mary’s plan to consolidate two Milwaukee medical campuses. Plans call for a new $417 million, 513-bed replacement hospital to be called Columbia St. Mary’s Lake Drive Hospital. It will be built at the site of the current Columbia St. Mary’s Milwaukee Campus. The existing 237-bed […]
Industry Pulse: July 2005
HOUSTON – Methodist Hospital System of Houston recently sketched plans for more than $1 billion in expansion projects over a 10-year period. The work would be done at four hospitals owned by the system. Planned projects include: a $250 million, 500,000 square foot outpatient center at Methodist Hospital in Houston; a $150 million, 220-bed expansion […]
Industry Pulse: June 2005
BIRMINGHAM, Ala. – Baptist Health System (BHS) has engaged a New York investment bank to assist in the sale of seven medical office buildings (MOBs) totaling 480,690 rentable square feet. Three of the MOBs are on the not-for-profit system’s flagship Princeton campus, two are on its Montclair campus and two are off-campus, according to Philip […]
Industry Pulse: May 2005
EVERETT, Wash. – Providence Everett Medical Center recently cleared a major hurdle in its plans for a $450 million expansion project when local officials approved the hospital’s request to move or demolish existing houses. Providence Everett’s overall expansion includes a cancer center, a new hospital tower, a second tower that would replace current facilities and […]
Industry Pulse
ST. PETERSBURG, Fla. – All Children’s Hospital of St. Petersburg is seeking city approval for an expansion plan that includes a replacement hospital and satellite buildings that could total more than 1 million square feet of construction. The $270 million plan features a 14-story, 918,000 square foot replacement hospital as well as a new eight-story, […]
Industry Pulse
BOCA RATON, Fla. – Florida Atlantic University (FAU) and Boca Raton Community Hospital have signed a letter of agreement that gives them a year to explore a land swap that could lead to the development of a 550-bed replacement hospital costing more than $500 million on the FAU campus near the southeast Florida coast. According […]
Industry Pulse
LEXINGTON, Ky. – The University of Kentucky’s UK Healthcare unveiled a strategic plan Dec. 14 that calls for up to $680 million in capital investment through 2010 on the campus of its UK Chandler Medical Center. Phase 1A of the plan, to be completed by 2009, calls for a $330 million to $375 million, 200,000 square foot, 240-bed replacement hospital, including a replacement parking garage with about […]
