- Acadia Healthcare plans to add 2,000 beds over the next two years, per recent statements by CEO Chris Hunter. This comes on the heels of 400 beds added in 2024 and is anticipated to stem from a number of new joint venture arrangements with other health providers.
- Guardian Healthcare has secured bankruptcy court approval to transfer ownership of eight skilled nursing facilities to GBK Eight LLC. The transaction is anticipated to close shortly, with Guardian Healthcare emphasizing its dedication to ensuring uninterrupted care and improved resources for the facilities.
- VMG Health’s 2025 ASC survey predicts challenges in areas such as physician recruitment, labor shortages and supply chain issues, with 72% of ASC providers prioritizing new surgeons. It also anticipates strategic partnerships with health systems and financial struggles due to inflation in the year ahead.
- Houston Methodist has started construction on a 65,000-sf Comprehensive Care Center in Cinco Ranch, TX, set to open in early 2026. The center will integrate primary and specialty care to improve access and coordination.
- Medical Properties Trust reported a Q3 2024 net loss of $801M, down from a $117M gain last year, due to impairment charges and lease amortization. The company removed Steward Health Care from its portfolio, with new tenants set to start paying rent in Q1 2025.
- A new California bill would amend the state’s Density Bonus Law, which promotes affordable senior housing by requiring cities and counties to provide bonuses or other incentives and concessions to developers who build senior housing.
- Oregon’s new Medicaid program offers up to six months of rent and utility assistance, home modifications and pest control for eligible beneficiaries with health conditions. The program targets individuals with low incomes. Approximately 22% of Oregon’s renters would be eligible.
- Prisma Health is building a $138M behavioral health hospital in Pickens County, SC, with 112 beds, including 40 for children and adolescents. With construction set for 2025, the facility aims to address rising mental health needs.
- Venture capital firm General Catalyst will acquire Summa Health (OH) for $485M, investing $550M over seven years and eliminating $850M in debt. Summa will retain its charity care services and other essential services while expanding access and enhancing technology.
- After the state of Massachusetts filed to take over St. Elizabeth’s Medical Center, a Steward Health hospital in Brighton, MA, via eminent domain, St. Elizabeth’s recently filed a complaint to block the state’s takeover, arguing the offer was too low and was also unconstitutional. The offer was $4.5M for a property assessed at $200M.
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.
Special thanks to Olivia Allison, undergraduate intern, for her 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.
