- The DOJ recently charged 324 defendants, including 96 licensed medical professionals, in a $14.6B national health care fraud takedown. The government seized over $245M in cash, luxury vehicles, cryptocurrency and other assets, while CMS reported preventing more than $4B in fraudulent payments by suspending or revoking the billing privileges of 205 providers.
- Intermountain Health finalized a ground lease that will facilitate construction of Nevada’s first standalone children’s hospital at UNLV’s Harry Reid Research and Technology Park. The 710,000-sf, 200-bed facility will sit on 34 acres, and construction is set to begin in 2026.
- Kaufman Hall’s monthly hospital flash report showed a month-over-month decrease in both patient volumes and hospital operating margins over the past several months and overall steady declines in margin since December 2024. Smaller hospitals (less than 25 beds) experienced the most significant declines in operating margin.
- ChristianaCare announced $865M in new investments across Delaware over the next three years, focused on expanding access to primary, behavioral, cancer and specialty care. The first project, an 87,000-sf health center in Middletown, DE, is set to break ground later this year.
- Cincinnati Children’s Hospital announced a $365M expansion of its Liberty Township, OH, campus, adding a 5-story, 264,000-sf addition and renovating 170,000 sf of existing space. Set to complete by 2030, the project will add 66 inpatient beds, new operating rooms and expanded outpatient services.
- Emory University plans to convert two historic buildings in Atlanta, located across from Emory University Hospital Midtown, into more than 50 rental apartments for Emory Healthcare staff. The university is also considering converting another abandoned building into a preschool that would be open to the public.
- A recent article scrutinized the trend of private equity firms purchasing hospital real estate under sale-leaseback models, on the heels of the Steward Health and Crozer Health bankruptcies. Certain states, such as Pennsylvania, have attempted to curtail private equity hospital acquisitions, but the area continues to attract scrutiny from the trade press and state legislatures.
- Novant Health broke ground on a new freestanding emergency department in the Point Hope area of Charleston, SC, which is set to open next summer. MUSC Health is also constructing a medical pavilion in the area. The 9,000-acre master planned Point Hope development was approved for up to 18,000 homes.
- RWJBarnabas Health is set to open a new 71,000-sf multispecialty ambulatory care center in Old Bridge, NJ, in fall 2025. The center will provide primary care, heart and vascular, GI and advanced imaging, among other services.
- Children’s Health Dallas has acquired 16.5 acres across the street from its existing site where a new pediatric campus is under construction. It is currently being used for staging, but the health system did not share any long-term plans for the property.
For questions or additional information, 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 Summer Associate Gabriel Vaughn 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.
