- President Trump unveiled his 2026 budget proposal. Key health care takeaways include: 1) The Department of Health and Human Services will receive funding to promote nutrition, physical activity and healthy lifestyles; 2) VA medical centers will receive additional funding, and veterans will be able to access care from local providers; 3) funding for National Institutes of Health and the CDC will be cut significantly; 4) CDC divisions focused on disease, injury prevention and gun violence will be eliminated; and 5) $1B will be cut from the Substance Abuse and Mental Health Services Administration.
- Lawmakers in Maine are considering a bill that would prohibit private equity firms and real estate investment trusts from acquiring or increasing ownership of hospitals in the state until 2029. The bill is designed to give legislators time to put safeguards in place to protect hospitals in the state. About 8.5% of all private hospitals are owned by private equity, according to the article.
- Kaufman Hall released its National Hospital Flash Report for March. Key takeaways include: 1) the median hospital operating margin was 3.3% year-to-date; 2) patient volumes were down significantly in March due to seasonal illnesses like the flu; and 3) hospital revenue remains flat as a result of increased supply and drug expenses.
- Ankura published an article on the benefits of credit tenant lease (CTL) financing for outpatient development projects. Benefits include lower rental rates, additional funding available for tenant improvements and flexible purchase options.
- Ochsner Health broke ground on a new 343K-sf freestanding children’s hospital that will be located on the Ochsner Medical Center campus in New Orleans.
- HealthPartners received approval to move forward with a new $400M Lakeview Hospital campus in Stillwater, MN. The project will include a 400K-sf hospital building on a 64-acre campus.
- Penn Medicine broke ground on a new $224M proton therapy center at its Presbyterian Medical Center in University City, PA. This will be Penn Medicine’s fourth proton therapy location, designed to bolster the organization’s system-wide approach to comprehensive cancer care.
- Lifepoint Health and Ascension Saint Thomas received approval to build a new $91M, 40-bed inpatient rehabilitation hospital in Rutherford County, TN. The hospital will be a joint venture operating as Saint Thomas Rutherford Rehabilitation Hospital.
- In an interesting turn of events, an online auction to sell the iconic 1.1M-sf Ziggurat building and its 92-acre campus in Laguna Niguel, CA, has been cancelled by its owner, the U.S. General Services Administration. Prior to the cancellation of the auction, Hoag Memorial Hospital was announced as the winning bidder after a legal challenge.
- A New York real estate developer made a $16.25M bid on a number of properties that were once operated by Hahnemann University Hospital in Philadelphia, PA. Immediate plans for the properties haven’t been announced. Hahnemann closed its doors in 2019 due to financial challenges.
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