News & Analysis: Med is going mainstream
Conference Reflects Rising Investor Interest By Murray W. Wolf Biotechnology was the focus when healthcare companies, investors and industry VIPs first gathered in 1982 for what was then called the Hambrecht & Quist Life Sciences Conference. Today, the biotech, pharmaceuticals and medical technology sectors continue to dominate this annual event, now known as the JP […]
Financing & Investment: CNL closes on $148 million senior living acquisition
ORLANDO, Fla. – CNL Retirement Properties Inc. has closed on another major acquisition.
Product Focus: Senior sales still brisk
Plenty of Capital is Available for Acquisitions By Jessica Griffith Investors are snapping up senior living developments in reaction to strong market conditions, and the shopping cart isn’t likely to park itself any time soon.
News & Analysis: Specialty hospital ban nearing an end
But at Least One Advisory Group Plans to Recommend an Extension By Murray W. Wolf Although the federal moratorium on new physician-owned specialty hospitals is scheduled to expire June 8, proponents of the ban are already pushing for an extension, and lobbyists on both sides of the issue are gearing up to rejoin the battle in Congress next […]
News & Analysis: Rendina Cos. announces plans for two new MOBs
PALM BEACH GARDENS, Fla. – Rendina Cos. has announced plans to develop new medical office buildings (MOBs) in New Jersey and Oklahoma.
Post-Acute & Senior Living: Some senior properties are aging, too
Here’s How One Eugene, Ore., Retirement Community is Being Revitalized By Jessica Griffith Like their residents, senior living properties are getting older, and that can create a significant challenge for their owners and investors. Although independent and assisted living properties are changing hands at a rapid rate, few new developments are in the pipeline and some of […]
Publisher’s Letter: The 2003 dip was a blip 2004
Healthcare Construction Hit a New High Dear Reader: Eyebrows were raised Jan. 11 when the Centers for Medicare & Medicaid Services (CMS) announced that the pace of U.S. healthcare spending growth decelerated in 2003 for the first time in seven years.
Market Focus: Nation’s capital seeing steady growth
Suburbs, D.C. See Plenty of Activity as Healthcare Demand Rises By John Mugford Our nation’s capital is a place where hardcore partisan politics, fiery debates and filibusters reign supreme. Yet, when it comes to the economic climate in the greater Washington area, one word stands out: steady.
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 […]
Company Profile: Albert Kahn strives to keep innovating
Reputation was Built on Factories, But Healthcare is its Primary Focus By John Mugford As anyone in business knows, a company’s history typically makes for good stories and conversation – and realistically – not much else. What really matters, as always, is: “What have you done lately?”
For The Record
Companies and People The Adult Civil and Adolescent Behavioral Health Facility at the Arizona State Hospital has received a Design-Build Merit Award from the Design-Build Institute of America. The project was overseen by the Southwest division of McCarthy Building Cos. Inc.; Gould Evans Associates, Phoenix; and Cannon Design, Los Angeles…
Product Focus: Private interest grows
More Small Investors are Turning to MOBs By Jessica Griffith Real estate buyers are responding to the lure of medical office buildings (MOBs), and institutional investors are not the only ones taking notice.
News & Analysis: Swedish sells to HCP
REIT Closes Deal for $111 Million Portfolio By Murray W. Wolf Times have changed, but it often used to be said that “nobody ever got fired for buying IBM.” The implication was that your boss could never fault you for choosing International Business Machines Corp. as your company’s computer hardware supplier. The market leader was considered the obvious, least risky choice.
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 […]
Transactions: Los Angeles R.E. investor, developer buys MOB in Orange County for $15.9M
LAGUNA HILLS, Calif. – Los Angelesbased Laurus Corp., a private real estate investment and development firm founded in 1999, recently acquired an MOB in Laguna Hills as a “value-add” opportunity. According to data from real estate research firm Real Capital Analytics, Laurus paid $15.9 million for the Saddle back Financial Center, a four-story, 72,928 square […]