Articles and Blogs

In a recent interview, the CFO of CA-based Prime Healthcare shed light on its real estate strategy. In 2020, most of Prime’s facility real estate was owned by a third party, with annual rental rates over $1.4B. Four years later, Prime now owns the real estate of 40 of its 44 hospitals and is decreasing…Read More

On April 10, 2024, the Centers for Medicare & Medicaid Services (“CMS”) announced its plan to implement the Transforming Episode Accountability Model (“TEAM”), a new mandatory alternative payment model unveiled as part of the 2025 Hospital Inpatient Prospective Payment System proposed rule. TEAM is an episode-based payment model in which selected acute care hospitals would…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

Walmart Health announced plans to close all 51 of their health care clinics and virtual health care operations, citing a lack of profitability. A Walmart spokesperson said, “Health care is expensive to run. We were finding that the increased labor and operating costs environment, like with reimbursement, both public and private, made it difficult [to…Read More

On April 23, 2024, the U.S. Department of Labor (“DOL”) announced a final rule (“Final Rule”) scheduled to take effect on July 1, 2024. The Final Rule updates regulations concerning the exemption from minimum wage and overtime pay requirements for executive, administrative and professional employees (“E/A/P”) authorized under Section 13(a)(1) of the Fair Labor Standards…Read More

On April 15, 2024, the Criminal Division of the Department of Justice (“DOJ”) issued a new pilot program to incentivize individuals to come forward with voluntary disclosures (the “Program”). Under this Program, individuals with criminal exposure who come forward and report misconduct that was otherwise unknown to the DOJ may be eligible to receive a…Read More

JLL issued a Medical Outpatient Building Perspective whitepaper. Key takeaways: (i) outpatient volumes will continue to grow, particularly in off-campus MOBs; (ii) MOB demand has outpaced supply since 2021, causing occupancy to rise; (iii) rising construction costs are leading to less new construction; and (iv) MOB cap rates have risen 100-150 bps since Q4 2022….Read More