- Becker’s published a roundup of seven rehabilitation hospitals opening or expanding thus far in 2024, including projects in Florida, New Mexico, Tennessee, Missouri, Ohio, South Dakota and Massachusetts. One of the projects will have a unit dedicated to pediatric rehabilitation.
- American Healthcare REIT, Inc. announced its pending IPO. The REIT owns MOBs, senior housing, SNFs and hospitals in 36 states and the United Kingdom, with Trilogy Health Services properties comprising more than a third of its portfolio.
- Within the health care real estate sector, facility design needs can vary greatly based on the particular modalities and care settings. Globe Street recently highlighted some of the most unique facility design aspects for LTACHs and, separately, for SNFs.
- Dayton Children’s Hospital plans to develop a $12M housing project in 2024, which will consist of 13 duplex buildings for 26 families and a community center. The development is intended for families with health care needs where the primary caregiver is another family member.
- As part of its $1B project that will include two 15-story towers on its Memphis campus, St. Jude recently applied for building permits for about $180M of work, which will fund an outpatient clinical building and a 3-story, 49,000-sf connector building.
- A joint venture among DePaul Community Health Centers, a housing partnership and a developer recently completed a 5-story, 210,000-sf development in New Orleans. The building includes a health clinic along with 100 low-income residential rental units, the majority of which are reserved for seniors.
- A recent report found that Tennessee CON laws have denied prospective health care projects valued at over $1.5B since 2000. The report said TN would have 63 more hospitals, including 25 more in rural areas, if not for CON.
- Building Design + Construction recently published a ranking of the nation’s largest MOB architecture firms. SmithGroup topped the list with $73M in revenue, while CannonDesign, E4H, Perkins Eastman and Gensler rounded out the top five.
- The Maryland Health Care Commission recently approved the University of Maryland Shore Regional Health’s CON application for a $540M hospital in Easton, MD. The Commission imposed several conditions as part of the CON approval, including a requirement to provide patients with an estimate of out-of-pocket charges prior to arriving for surgery.
- Orlando Health recently purchased vacant land for future expansion at its Osceola County campus in central Florida. Though the nature of the project was not disclosed, the article highlighted another recent purchase of 6.3 acres adjacent to the same site.
For more information on real estate matters, please contact:
- Andrew Dick at adick@hallrender.com or (317) 977-1491;
- Joel Swider at jswider@hallrender.com or (317) 429-3638; or
Your primary Hall Render contact.
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.
