Companies: Inside the Lend Lease DASCO deal
ACQUISITION GIVES DEVELOPER MORE RESOURCES, COMPANY PRESIDENT SAYS By John Mugford It’s probably not news to anyone involved in the healthcare industry that hospitals and health systems are consolidating, and could continue to consolidate, at a fast clip. The trend is being driven by the fact that hospitals need to become as cost-efficient as possible […]
INPATIENT PROJECTS: U of Tennessee to add cancer institute
NEW FACILITY IN KNOXVILLE WOULD BE LARGEST IN REGION, HOSPITAL EXECS SAY By Dan Emerson A mid-year ground breaking is set for a new $20 million cancer institute on the campus of University of Tennessee Medical Center in Knoxville, Tenn. The new facility would have at least 100,000 square feet of space, making it the […]
Transcations: Medical Properties Trust makes buys
REIT THAT FOCUSES ON HOSPITALS BUYS N.J. ACUTE CARE FACILITY, TEXAS LTAC By John Mugford Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), a publicly traded real estate investment trust (REIT), recently paid more than $80 million to acquire the real estate assets of an acute care hospital in New Jersey and a long-term acute […]
Capital Markets Snapshot: Interest rates likely to rise sharply
BUT ANOTHER CRASH IS UNLIKELY, AS MOST BORROWINGS ARE WELL-STRUCTURED By Cain Brothers The capital markets are in an interesting but fragile equilibrium that is likely to experience a significant shift in the near future. The markets achieved stability after the tumult of 2008-09, but that stability resulted from aggressive intervention by central banks, which […]
Q & A: Thought leaders needed
PROVIDERS NEED GOOD ADVICE, ‘P.J.’ CAMP SAYS By John Mugford As far as Philip J. “P.J.” Camp is concerned, the healthcare industry’s delivery model is the process of taking on a whole new look, and it will continue to evolve in the era of reform, employed physicians, mergers and acquisitions (M&As), accountable care organizations (ACOs), […]
Industry Pulse: March 2011
HOUSTON – As various aspects of healthcare reform are implemented in coming years, healthcare industry observers say we should be prepared for more and more merger and acquisition (M&A) activity among hospitals and health systems. On the surface, it looks as if this trend is coming to fruition in Houston, where Franklin, Tenn.-based IASIS Healthcare, […]
Publisher’s Letter: MOB defies recession
PROJECT SHOWS THE STENGTH OF THIS SECTOR By, Murray W. Wolf, Publisher Dear Reader: Those of you who have been reading these letters for the past eight years or so have been subjected to periodic updates on the Wolf clan, our misadventures in healthcare – and my reaction from a real estate perspective to our […]
Special Report: Jump on board for the slow recovery
TODD LILLIBRIDGE PROVIDES ADVICE FOR THOSE LOOKING TO SURVIVE, GROW By John Mugford There has been plenty of talk lately about how healthcare real estate professionals and companies, if they want to survive and perhaps thrive, need to expand their knowledge base and become trusted advisors and resources for hospitals and health systems. In the […]
Provider News: Sutter’s bond issue to fund upgrades
CALIFORNIA SYSTEM RETURNS TO BOND MARKET FOR FIRST TIME SINCE 2008 By Dan Emerson Encouraged by the improving economy, Sutter Health recently returned to the bond market for the first time since 2008 with a $900 million tax-exempt revenue bond issue. The 24-hospital system plans to use about $750 million to upgrade three of its […]
Inpatient Projects: Hospital at The Vintage is unveiled
ST. LUKE’S PARTNERED WITH HAMMES CO. FOR FACILITY IN NORTHWEST HOUSTON By Dan Emerson A new hospital opened recently in a large planned, mixed-use community in northwest Houston. The new hospital, St. Luke’s Hospital at The Vintage, is a 106-bed, four-story, 224,414 square foot facility. It marks the fifth collaboration since 2000 between Houston-based St. […]
Transactions: Duke Realty buys large Charlotte MOB
REIT PAYS $47.7 MILLION FOR MOB ATTACHED TO CAROLINAS MEDICAL CENTER By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) recently entered the Charlotte, N.C., market with the acquisition of a large medical office (MOB) building. The publicly traded real estate investment trust (REIT) acquired the 190,773 square foot Morehead Medical Plaza I for $47.7 […]
Capital Markets Snapshot: Markets move from defense to offense
HOWEVER, SOME SIGNIFICANT RISK FACTORS REMAIN, INCLUDING FED MOVES By Cain Brothers. The capital markets have made an important transition in early 2011, and the sentiment has shifted from defense to offense, albeit still via a conservative ground game. As the consensus view emerges that economic growth in the developed world will begin to meet […]
Companies: M&A trend: DASCO sold
DEVELOPER NOW PART OF BIG CONSTRUCTION FIRM By John Mugford As a group of healthcare real estate professionals engaged in a discussion in 2010 concerning trends in their industry, one of the participants predicted that merger and acquisition (M&A) activity will continue to increase – not only among hospitals and health systems, but among companies […]
Product Focus: MOB sales rebound
2010 SECOND HALF VOLUME DOUBLES FIRST HALF By John Mugford Not since the first half of 2008 had medical office building (MOB) sales topped $1 billion in consecutive quarters. But in a strong rebound from nine consecutive quarters of somewhat anemic sales volumes, the MOB acquisition market took off in the third (Q3) and fourth […]
Industry Pulse: February 2011
CHICAGO – The consolidation trend among companies involved in healthcare real estate continues. In a deal that was announced just as this issue was going to press, Chicago-based Ventas Inc. (NYSE: VTR) entered an agreement to acquire Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP). The two companies say the deal is valued at […]