- Revista published recent data indicating that, from 2017-2022, MOB portfolios consistently traded at a premium (reflected in lower average cap rates) as compared to single-asset MOBs. That trend reversed in late 2023 due to rising interest rates; however, since mid-2024, this so-called “portfolio premium” has returned.
- Emory University (Atlanta, GA) plans to issue more than $1B in federally tax-exempt bonds to help fund the acquisition, construction and installation of health care and education projects. The announcement comes on the heels of Emory’s recent acquisition of Houston Healthcare, based in Warner Robins, GA.
- UCSF plans to sell $575M in bonds to finance a 300,000-sf cancer treatment center, health clinic space and life science incubator. The building will be part of a 21-acre campus that will also include 2,600 housing units, 1.6M-sf of commercial space, a 250-room hotel and parks.
- Hall Render Advisory Services recently published an Integration Playbook for health care M&A, which provides advice on pre- and post-closing integration strategies. Among the tips: (1) start with clear integration objectives and strong planning before the deal closes; (2) execute a structured, phase-based integration; and (3) prioritize leadership, communication and patient care.
- The new Roper St. Francis Hospital being constructed in North Charleston, SC, is expected to bring over 3,600 new jobs to the metro area. Construction is underway on a $1.2B hospital campus, slated to open in 2029 and spanning 27 acres.
- UNC Health Pardee broke ground on a 39,000-sf adaptive reuse clinic project in downtown Brevard, NC. The $15M project will see an inline shopping center converted into a medical office building with 48 exam rooms, a retail pharmacy and a 300-person waiting room.
- As part of a certificate of need process, the NC Health Department is scheduled to hold public hearings on competing applications by Cone Health and by a Novant-Duke Health partnership to build a new hospital in Mebane, NC. Each provider is prepared to spend over $225M on the new facility if selected.
- The redevelopment group, which is converting the former Doctors Hospital in Milwaukee into senior apartments, recently received state and federal affordable housing tax credits. The former hospital includes a nine-story building and a five-story building and was built in 1928.
- The American College of Emergency Physicians recently called “E.R. boarding” (the practice of keeping patients in the emergency department for extended periods while they await an inpatient bed) a national health crisis. A recent WSJ article highlighted the growing scarcity of unoccupied hospital beds, which tends to be worse in urban areas.
- The American Medical Association voiced its support for federal legislation that would create exemptions to permit physician ownership of hospitals in high-need rural areas. The bill would allow physicians to own rural hospitals as long as the facility is more than a 35-mile drive from a main patient campus or a critical-access hospital.
For questions or additional information, please contact:
- Andrew Dick at adick@hallrender.com or (317) 977-1491;
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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.
