Industry Pulse (July 2008)
BULLITT COUNTY, Ky. – A turf war is officially brewing in growing Bullitt County, south of Louisville. Two healthcare systems are now planning to build acute care facilities in the hospital-less county. The latest to announce such plans is Brentwood, Tenn.-based LifePoint Hospitals Inc. (Nasdaq: LPNT), which would like to build a 60-bed hospital. The […]
Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Companies (July 2008)
Lillibridge MOB in Texas wins international TOBY CHICAGO – In late June, Chicago-based Lillibridge received big news at the BOMA International North American Commercial Real Estate Congress and the Office Building Show in Denver. Seton Northwest Health Plaza in Austin, Texas, was awarded the International TOBY Award (The Office Building of the Year) from BOMA, […]
Transactions (June 2008)
Ohio provider buys MedCath hospital GOOD SAMARITAN PAYS $55 MILLION FOR COMPETITOR, DAYTON HEART HOSPITAL By John Mugford “If you can’t beat ‘em, buy ‘em.” That’s the strategy recently employed by Good Samaritan Hospital in Dayton, Ohio, which in May closed on the acquisition of one of its major cardiovascular competitors. Good Samaritan, a 577-bed […]
Industry Pulse (June 2008)
NEWNAN, Ga. – Piedmont Newnan Hospital, about 30 miles southwest of Atlanta, recently received the go ahead from the state for its Certificate of Need (CON) application to build a replacement hospital. The Georgia Department of Community Health in recent weeks approved the $193.7 million proposed project, which would be built on 105 acres near […]
Companies (April 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Transactions (March 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Transactions (Febraury 2008)
Nationwide mops up MOBs in St. Louis REIT CONTINUES DIVERSIFICATION; TEAMS WITH McSHANE ON $50M PURCHASE By John Mugford Nationwide Health Properties (NYSE: NHP), a publicly traded healthcare real estate investment trust (REIT) based in Newport Beach, Calif., is continuing with its diversification toward owning more and more MOBs. As noted in an article starting […]
Transactions (December 2007)
Doc hopes to buy, convert Waco tower SOME OBSERVERS WEARY OF DR. B.B. CHANG’S PLAN FOR RESEARCH INSTITUTE By John Mugford A local physician is hoping to turn a soon-to-be vacant, 10-story patient tower into a medical research center in Waco, Texas, about 90 miles south of Dallas. However, a major problem facing Dr. B.B. […]
Transactions: Q2 MOB stats (October 2007)
MOBs are still the deal SALES VOLUME STRONG; PRICES LEVELING OFF By John Mugford While the commercial real estate liquidity crunch might be having a temporary effect on some healthcare real estate transactions, nationwide sales of medical office buildings (MOBs) show no signs of slowing. As of Oct. 1, in fact, the number of MOB […]
Transactions: 2006 and Q4 MOB Report (Febuary 2007)
MOB investment might change in 2007 REAL CAPITAL ANALYTICS FORESEES REGIONAL VARIATIONS, MORE DEVELOPMENT By Murray W. Wolf At first glance, 2006 appeared to be the same old story for medical office building (MOB) investors: rising prices per square foot and falling capitalization rates. In fact, that has been the consistent theme since […]
Transactions: Quarterly MOB Report (January 2007)
MOB prices still rising, caps still falling Q3 2006 SALES TRANSACTION DATA INDICATES A CONTINUATION OF THOSE TRENDS By Murray W. Wolf When it comes to medical office buildings (MOB), comprehensive information about national transactions is hard to come by. For example, if you conduct searches for MOB deals using CoStar Group Inc. […]
Q&A: John Cobb of GE HFS (July 2006)
Reorganization is paying off for GE HFS JOHN COBB SEES BRIGHT FUTURE FOR HIS GROUP AND THE INDUSTRY AS A WHOLE By Murray W. Wolf John Cobb is senior managing director of the real estate financing team for GE Healthcare Financial Services (GE HFS). A few weeks before GE HFS announced a whopping […]
Transactions: Atlanta MOB deal (March 2006)
RREEF acquires MOB for $61.3 million NEW DETAILS EMERGE IN RECENT ACQUISITION OF DOCTORS CENTER FOUR IN ATLANTA By Murray W. Wolf Newly obtained information reveals that RREEF North America paid $61.283 million, nearly $294 per square foot, for its recent acquisition of an Atlanta medical office building (MOB). As reported in last […]
Financing & Investment (January 2006)
Beverly Enterprises Inc. (NYSE: BEV) of Fort Smith, Ark., announced Nov. 21 that financing commitments related to its previously reported merger process had been fulfilled, including receipt of a $350 million equity commitment and a $50 million letter of credit. The company has entered into an amended merger agreement at a revised all-cash price of $12.50 per share. Under the amended agreement, Fillmore Strategic Investors LLC, an affiliate of Fillmore Capital Partners – a private equity firm focused on investments principally in the lodging and healthcare sectors – will replace North American Senior Care (NASC) and its affiliates as the acquiring entity.
