Inpatient Projects: Scott & White moving on new hospital
AFTER FIRST DEAL FELL THROUGH, NEW SITE WAS FOUND IN TEXAS HILL COUNTRY By John Mugford A new hospital in a growing area of Texas, by a growing healthcare system – Temple, Texas-based Scott & White – is now slated for a 116-acre parcel in Marble Falls. Marble Falls is about 40 miles west of […]
Outpatient Projects: U of Minnesota eyes ambulatory plan
UNIVERSITY SEEKS $100 MILLION GRANT TO HELP PAY FOR $250 MILLION FACILITY By John Mugford As the University of Minnesota continues construction on its future facility for Amplatz Children’s Hospital, the university’s Board of Regents has approved bonding for an even bigger medical project on the Minneapolis campus. In recent weeks, the regents gave the […]
Provider News: Community Health buying two systems
PUBLICY TRADED HEALTHCARE SYSTEM SNAPPING UP STRUGGLING HOSPITALS By John Mugford Franklin, Tenn.-based Community Health Systems Inc. (NYSE: CYH) recently went on a bit of a buying spree, acquiring two hospital systems: one in Ohio and the other in South Carolina. The purchases expanded the company’s portfolio to more than 125 hospitals and 18,000 beds […]
Outpatient Projects: NexCore starts new project in Illinois
DENVER-BASED FIRM WILL DEVELOP, OWN $52 MILLION PROJECT NEAR CHICAGO By John Mugford Denver-based NexCore Group broke ground in recent days on a six-story, 182,000 square foot Medical Services Building (MSB) on the campus of the future Silver Cross Hospital under construction in New Lenox, Ill., just outside of Joliet and about 30 miles from […]
Special Report: What’s ahead for MOBs?
PROVIDERS PONDER IMPACT OF INDUSTRY TRENDS By John Mugford For the most part, the passage of healthcare reform was looked upon as a positive for the medical office building (MOB) sector. After all, conventional wisdom says that if more people – an estimated 32 million more – have access to healthcare services there will be […]
Industry Pulse: September 2010
WOODBURY, Minn. – The design and scope of medical office buildings (MOBs) have been evolving ever since their inception. Now, in the Twin Cities suburb of Woodbury, perhaps a new hybrid has emerged that combines an MOB with an urgent care and an emergency room. It is to be called the Urgency Room and is […]
Inpatient Projects: Huge ‘healthcare city’ slated for Calif.
PROJECT IS BEING BUILT ON FORMER MARCH AIR FORCE BASE NEAR RIVERSIDE By John Mugford It’s taken about six years of planning, formulating and implementing the idea for what is being called a massive “healthcare city” on surplus land at the former March Air Force Base near the cities of Riverside and Moreno Valley, Calif., […]
Special Report: Is the (third) party over?
WILL PROVIDERS DECIDE TO OWN THEIR OWN MOBs? By Murray W. Wolf In early 2009, Northwestern Memorial Hospital in Chicago issued a request for proposals (RFP) for the third-party development and ownership of a new medical office tower at its landlocked Streeterville campus on the city’s Near North Side. Plans called for razing two older […]
Q & A: Spencer reflects on career, sector
COGDELL SPENCER INC. CEO SAYS REIT IS ON FIRM FOOTING FOR THE FUTURE By John Mugford Ever since Frank C. Spencer joined what was then the Cogdell Group back in 1996, he has seen plenty of changes in the firm and the medical office building (MOB) industry – big, dramatic changes, on both fronts. Not […]
Industry Pulse (September 2009)
By HREI Staff CAMPBELL, Calif. – Remember the recession? OK, we know, the economy is not out of the woods just yet – not even close. But before the recession took hold, the development of upscale medical facilities with plenty of amenities were on the upswing, giving people with good insurance and deep pockets the […]
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.
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.