News & Analysis: HPA and Tenet tout rival plans for Charlotte area
FORT MILL, S.C. – Hospital Partners of America (HPA) Inc. and Tenet Healthcare Corp. are both proposing 64-bed hospitals for this fast-growing Charlotte suburb.
News & Analysis: Christus Spohn selects Alter for MOBs
Plans Call for $60 Million in Medical Office Space on Three Campuses By Murray W. Wolf Christus Spohn Health System turns 100 years old this year, but Chicago-based Alter+Care also has reason to celebrate. Alter+Care has been selected by the Corpus Christi, Texas-based system to be the master developer for planned medical office building (MOB) projects totaling about […]
News & Analysis: Cancer center and MOB planned for Burbank, Calif.
BURBANK, Calif. – Providence Saint Joseph Medical Center is teaming with Pacific Medical Buildings LP (PMB) for the development of a $39 million, 100,000 square foot MOB and a 1,000-stall parking structure.
News & Analysis: For the Record
Inpatient Projects St. Francis Hospital in Roslyn, N.Y., recently started work on a phased, $190 million, 150,000 square foot expansion in this Long Island community. The focal point of the three-year project is a three-story inpatient facility that will boost the number of beds to 364. An outpatient lobby, an expanded emergency room and a […]
News & Analysis: Rising costs delay $1 billion California hospital complex
SAN FRANCISCO – Rapid increases in the cost of construction materials have prompted California Pacific Medical Center (CPMC) to put its $1 billion, 650-bed replacement hospital project on hold for up to 120 days while it explores possible design changes.
Project Case Study: Things are looking up in Houston
Vertical Expansion Prepares Texas Children’s Hospital for 21st Century By Jessica Griffith How do you expand a children’s hospital on one of the most closely configured healthcare campuses in the United States? Answer: Think vertical.
Publishers Letter: I’ll see you in Nashville
Center of the Medical Real Estate Universe Dear Reader: The Silicon Valley of Healthcare. Healthcare City USA. America’s Healthcare Hub. Are such superlatives merely the work of an overzealous chamber of commerce? Not at all. Nashville, Tenn., plays an outsized role in this business as home to a wildly disproportionate number of firms involved in healthcare real […]
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, […]
Financing & Investment: Health Management buys three hospitals for $279 million
NAPLES, Fla. – Health Management Associates Inc. (NYSE: HMA) of Naples in recent weeks announced that it has purchased three hospitals for $279.1 million from Marriottsville, Md.-based Bon Secours Health System.
Medical Properties Trust to buy, develop MOBs and hospitals
BIRMINGHAM, Ala. – Medical Properties Trust Inc. (NYSE: MPW proposed) of Birmingham has entered into agreements to acquire an acute-care hospital and medical office building (MOB) in southern California, and to develop a hospital and MOB in Pennsylvania. The total investment is expected to be about $83 million.
Financing & Investment: HR reveals MOB development plans
Health REIT is Leveraging Relationships with Baylor, Others By John Mugford It looks as if the relationship between Baylor Health Care System and Healthcare Realty Trust Inc. (NYSE: HR) is moving along rather nicely. So nicely, in fact, that the two parties, which have already collaborated on the development of two medical office buildings (MOBs), are in discussions that […]
Provider Profile: VA continues med real estate revamp
2006 Budget Calls for Another $750 Million in Capital Improvements By Beth Mattson-Teig The U.S. Department of Veterans Affairs (VA) is moving full steam ahead on a multi-billion dollar restructuring of its healthcare facilities.
Financing & Investment: Tenet closes on the sales of five more hospitals
DALLAS – Tenet Healthcare Corp. (NYSE: THC) announced Jan. 3 that several of its subsidiaries have completed the previously announced sales of five acute-care hospitals:
Financing & Investment: Sunrise announces $508 million deal for 19 properties
McLEAN, Va. – Sunrise Senior Living Inc. (NYSE: SRZ) announced Jan. 19 that it has entered into purchase agreements with Fountains Continuum of Care Inc. as part of a $508 million deal involving 19 senior living communities and related assets.
Financing & Investment: Health systems plan to keep building
JP Morgan Conference Panelists Say Cost of Capital is a Critical Issue By Murray W. Wolf Not-for-profit health system executives might seem to be unlikely candidates for a panel discussion at a conference where fledgling biotech firms and other publicly traded companies vie for equity investors.