- Northwell Health (NY) hired a Michelin-star chef to create healthy patient meals without increasing the hospital’s food costs.
- NPR ran a national story about the hidden costs and perverse incentives when real estate lawyers serve as title agents on a transaction.
- Investment bank Piper Sandler and Hall Render Advisory’s John Marshall published a whitepaper on recent changes in lease accounting rules and what they mean for health care providers looking to finance the acquisition or lease of an outpatient or support facility.
- RevistaMed reported on the direct correlation between the consolidation of physician practices that has increased since July 2020 and the increased rate of physician groups selling their real estate.
- Behavioral Health Business reported that 2022 could be the second-best year for behavioral health dealmaking “ever.” In the first three quarters of 2022, there were a total of 151 behavioral health transactions.
- Welltower has selected Integra Healthcare Properties, a newly-formed company with a 29-year-old CEO, to manage 147 nursing homes in 15 states. Integra will lease the nursing homes from Welltower and then sublet them to regional operators.
- On the social determinants of health front, a few recent stories: (i) A former 19-story Los Angeles hospital is being renovated into hundreds of affordable apartments; (ii) Boston is struggling with affordable housing to support employees for its prominent life sciences sector; (iii) Baptist Hospital (Pensacola, FL) is looking to partner with The Paces Foundation to redevelop 10 acres of its 51-acre Moreno campus to provide 214 affordable housing units; and (iv) CVS Health plans to invest $6.2 million in affordable housing in Bel Aire, Kansas.
- Novant Health recently lost out on its bid for a certificate of need to build a $328 million, 67-bed acute-care hospital in Asheville, NC. AdventHealth (FL) was awarded the CON for the project. The NC Attorney General had previously spoken out against another bidder for the CON, HCA Mission Health.
- The Memorial Hermann Sugar Land Hospital is expanding with a $231 million investment project. The expansion will include a buildout of one of the existing towers to include new medical and surgical beds, new universal beds, and a new neonatal intensive care unit
- Atrium Health Wake Forest Baptist has received regulatory approval to open a $30.13 million ASC in North Carolina. It is expected to open in October 2024 and serve 1,374 patients in its first year, according to projections.
- A proposal for a 15-story affordable senior housing project in San Francisco is in the works. The project will cost approximately $157 million and will also include retail space on the ground floor. The project will include 106 studios, 80 one-bedrooms and one two-bedroom apartment.
Special thanks to Thomas Dziwlik, undergraduate intern, for his assistance in the preparation of this article.
Hall Render blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot give legal advice outside of an attorney-client relationship.
