- A joint venture among MUSC, McLeod Health, Hope Health and Francis Marion University, along with the State of South Carolina, opened a behavioral health facility in Florence, South Carolina, to expand mental health services and replace an outdated facility. The $123M facility includes 63 inpatient beds.
- AdventHealth purchased a 35,000-square-foot medical office building in downtown Orlando for $15M from Upshot Capital Advisors. This marks at least three acquisitions for the health system in downtown Orlando this year.
- Community Hospital Corporation plans to build a $400M nonprofit acute-care hospital in Sherman, Texas. The project will initially include 100 inpatient beds and require more than 400 employees, with options to expand to up to 300 beds and 1,000 employees over time.
- HCA Healthcare’s Mission Health agreed to a settlement in a North Carolina lawsuit alleging monopolistic practices based on its 2019 acquisition of Mission Health for $1.5B. The settlement includes a $1M fund for low-income patients and certain operating covenants related to the Transylvania Regional Hospital in Brevard and Mission Hospital in Asheville.
- A recent report indicated that many health systems in Georgia have been forced to grow in order to remain sustainable amid financial pressures. This strategy has been particularly important for independent rural hospitals aligning with larger health systems.
- A recent panel of health system executives based in Southern California discussed the impacts of nearly $1T in Medicaid cuts included in the OBBB. The bill is expected to lead to a reduction in capital expenditures once it takes full effect in 2026. Executives noted that outpatient locations and procedures may remain areas of opportunity.
- West Virginia plans to sell four state-run long-term care facilities as part of a privatization initiative. The selected developer has agreed to build three to five new health facilities to replace the aging ones.
- Sentara Healthcare opened a new $278M, 90-bed hospital and medical office building in Elizabeth City, North Carolina, replacing an older facility nearby that was subject to a ground lease from the county. The project engaged at least 17 local businesses, including several women-, veteran- and minority-owned businesses.
- PAM Health, based in Enola, Pennsylvania, purchased the former 36-bed Everest Rehabilitation Orlando hospital in Ocoee for $26.5M. It plans to reopen the facility this fall as PAM Health Rehabilitation Hospital of Ocoee. The provider operates more than 100 LTACHs, rehab hospitals and behavioral health hospitals in 23 states.
- Sutter Health broke ground on a $442M, 129,000-square-foot Advanced Neuroscience Complex at its Mission Bernal campus in San Francisco. Set to open in 2028, the five-story center will consolidate neurology, neurosurgery, imaging, rehabilitation and specialty programs. It is expected to serve 90,000 patients annually upon completion.
For questions or additional information, please contact:
- Andrew Dick at adick@hallrender.com or (317) 977-1491;
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Special thanks to Summer Associate Gabe 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.
