Articles and Blogs

The Federal Reserve cut the federal funds rate by a quarter-point and projected it would do so twice more this year. Federal Reserve Chair Jerome Powell cited labor market constraints as a primary driver for the cut. Cleveland Clinic sold 24 outpatient facilities in a $350M sale-leaseback transaction. Twenty of the properties are located in…Read More

On September 10, 2025, the Federal Trade Commission (“FTC”) issued a press release announcing that letters were sent to health systems and health care staffing companies warning against the use of “unreasonable” non-compete clauses or other restrictive covenants in their employment agreements. The letters also strongly suggest that recipients conduct a review of their employment…Read More

In United States ex rel. O’Laughlin v. Radiation Therapy Services, P.S.C., the Sixth Circuit (also referred to as the “Court”) recently affirmed dismissal of a relator’s False Claims Act (“FCA”) action, concluding that he failed to plead or prove with particularity that radiation service providers submitted false claims for radiation or chemotherapy services, relying instead…Read More

While institutional investor groups are a major acquirer of medical outpatient buildings (MOBs), the past 18 months have seen a surge in “reverse monetizations” where hospitals and health systems are buying (or buying back) such buildings. Hospitals purchased $2.8B worth of MOBs in 2024 and $761M in 1H 2025, accounting for about 23 percent of…Read More

On June 9, 2025, the Trump Administration’s sweeping travel ban took effect, suspending entry for citizens of twelve countries and imposing partial restrictions on nationals from seven more.[1] The measure was introduced as part of a broader effort to address national security and vetting concerns, signaling that the restrictions were only the beginning of a…Read More

Health care continues to drive private equity (“PE”) activity, creating opportunities for investors and traditional health care providers. Transactions in the health care space are especially complicated, layering health care regulatory and reimbursement considerations on top of a complex securities, antitrust, privacy and security framework. Hall Render’s PE team of attorneys and advisors leverage the…Read More

On July 4, 2025, President Trump signed into law the “One Big Beautiful Bill Act” (“Reconciliation Package”). The large-scale Medicaid cuts contained in the Reconciliation Package, coupled with recent trends of increased federal and state scrutiny of health care transactions, are expected to result in smaller, independent or rural hospitals looking for non-traditional avenues to…Read More

According to CBRE, medical outpatient building (MOB) transaction volume increased 32% in Q2 with $2.2 billion in investments. Phoenix was the top market in terms of investment volume, followed by Los Angeles and Washington, D.C. The average MOB cap rate was 7.4%. The average sale price per square foot was $277, which is 40% more…Read More