[09/15/23]
Posted on September 15, 2023 in Health Law News
Published by: Hall Render
The Gilbert Family Foundation, Henry Ford Health and Shirley Ryan AbilityLab announced plans for a $439M inpatient rehab hospital and research facility in Detroit. Plans for the project include a 125,000-sf inpatient tower with 72 beds. According to a recent Bloomberg article, private equity is no longer a reliable last resort as a buyer... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[09/08/23]
Posted on September 8, 2023 in Health Law News
Published by: Hall Render
A group of California tech billionaires spent $800M to acquire nearly 50,000 acres of land between Sacramento and San Francisco to develop what they are calling a “modern metropolis”. The project, if approved, would be one of the largest development projects in the works nationally. While detailed plans have not been released, the project... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[09/01/23]
Posted on September 1, 2023 in Health Law News
Published by: Hall Render
In the past two years, many health systems have been selling their long-term care, home health, nursing home, hospice and lab businesses, largely due to rising costs and regulatory pressures. This trend reflects a shift from ownership to partnership models as hospital systems focus on cost reduction and operational simplicity. Despite some financial struggles... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[08/25/23]
Posted on August 25, 2023 in Health Law News
Published by: Hall Render
Health care experts questioned Kaiser’s strategy for its new health system, Risant Health. Kaiser’s strategy involves developing a nationwide health system aimed at large corporate customers that would compete with Amazon, Aetna CVS, Walmart Health and United Healthcare on cost. Critics note that Risant doesn’t have its own network of physicians (like Kaiser has... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[08/18/23]
Posted on August 18, 2023 in Health Law News
Published by: Hall Render
A recent report highlighted the work of the Memphis Medical District Collaborative, a 2.6-sq. mile medical district east of downtown Memphis. The district supports a holistic approach to community health by offering real estate developers a three-tiered grant program in partnership with regional banks, including seed funding for architectural renderings and “gap funding” to... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[08/11/23]
Posted on August 11, 2023 in Health Law News
Published by: Hall Render
CBRE, Colliers, Marcus & Millichap and Newmark all reported a significant drop in earnings during the second quarter based on transaction volumes that are down about 50% from a year ago. CBRE reported negative cash flow during the quarter, JLL reported a 99% drop in net income from a year ago and Marcus &... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[08/04/23]
Posted on August 4, 2023 in Health Law News
Published by: Hall Render
In its latest capital markets update, H2C noted that July nonprofit hospital bond issuance was down 57% year-over-year and down 52% year-to-date (compared to January through June 2022). CMS issued a final rule that will increase payments to SNFs by 4%, or $1.4B, starting in 2024. CMS described the increase as a “parity adjustment... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[07/28/23]
Posted on July 28, 2023 in Health Law News
Published by: Hall Render
The Biden Administration proposed a new rule to strengthen mental health parity under health care plans. The proposed rule, if finalized, would require health plans to provide members with equal access to behavioral health services. The rule also requires health plans to study the impact of plan restrictions on access to mental health and... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[07/21/23]
Posted on July 21, 2023 in Health Law News
Published by: Hall Render
In a unique approach to address the current nursing shortage, Trine University and Cameron Memorial Hospital broke ground on a 32,000-sf nursing education center in Angola, IN. The facility will house training programs for Trine’s Associate of Science in Nursing program as part of a partnership with Cameron to recruit, train and retain nursing talent. A KaufmanHall report on Q2 M&A... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing
[07/14/23]
Posted on July 14, 2023 in Health Law News
Published by: Hall Render
Nearly 2.2 million people have moved to the Southeastern U.S. over the past two years, creating a $100B wealth migration. For the first time in recent history, Florida, Texas, Georgia, the Carolinas, and Tennessee collectively contribute more to the national GDP than states located in the Northeast. Inflation is beginning to ease, according to... READ MORE
Tags: Health Care Real Estate, Health Care Real Estate Briefing