Articles and Blogs

The nation’s fifth-largest health system operator, Advocate Health, has developed a new strategy of cutting costs through staff attrition (rather than layoffs) and has delayed some capital projects. In response to recent economic challenges, Advocate also said it will reduce its leased space footprint by about 65% over the next four years. In the... READ MORE

JLL’s Valuation Advisory group released its 2023 Healthcare Investor Survey and Trends Outlook. Among the report’s highlights: Cap rates have risen 50 bps and are likely to continue upward until the middle of 2023; medical office occupancy has ticked back up since 2020, making MOBs the largest investment opportunity in 2023; and the shift... READ MORE

Medical Properties Trust will lease its $1.2 billion Utah hospital portfolio to CommonSpirit Health following CommonSpirit’s acquisition of Steward Health Care System’s Utah operations. Centura Health will manage the facilities, and the lessee will have the option to purchase the facilities at the higher of FMV or MPT’s gross investment at 5, 10, and... READ MORE