Articles and Blogs

Ardent Health Partners completed its initial public offering and shares are now trading on the New York Stock Exchange under the ARDT ticker symbol. Ardent owns 30 acute care hospitals (18 are joint ventures), operates 200 sites of care and has 1,700 affiliated providers. Ardent’s operating model focuses on joint venture hospitals in mid-sized... READ MORE

Dana-Farber Cancer Institute plans to demolish the Joslin Diabetes Center building in Boston to make way for its recently announced 300-bed, 450,000-sf cancer hospital, which it plans to build with Beth Israel Deaconess for $1.7B. Howard University has announced plans to build a new $650M, 200-bed hospital in Washington, D.C. The University stated its... READ MORE

Walmart Health may be considering a sale of its health care clinics. One source said the retailer may be discussing a sale to Humana. Walmart closed its 51 health care clinics in April as a result of poor financial performance. Healthcare Realty Trust (“HRT”) generated $400M in proceeds from the disposition of several assets... READ MORE

A recent report indicated that the U.S. ambulatory services market is expected to reach $417B by 2030, expanding by 5.4% per year. Primary care offices will remain the largest share of that market (48%), but the surgical specialty segment is expected to grow at the fastest rate. Senior living development is expected to see... READ MORE

Massachusetts is the latest state to propose legislation to restrict health care private equity transactions. The bill covers traditional corporate transactions and hospital sale-leasebacks with real estate investment trusts (“REITs”). The legislation was proposed in light of the Steward Health Care bankruptcy. Steward has eight hospitals in Massachusetts that are leased from Medical Properties... READ MORE

Health systems are planning more construction projects focused on long-term growth and outpatient care, often renovating and repurposing existing facilities to support new services, according to a recent Modern Healthcare survey. While demand for inpatient beds remains strong, many health care organizations are focused on growing their outpatient and “medtail” footprints to better position... READ MORE

The Federal Reserve announced that its key interest rate will remain unchanged but signaled it will consider cutting rates later this year. Inflation is sitting at around 2.8% and the Federal Reserve would like to see inflation at 2%. If inflation continues to cool off, the Federal Reserve expects four rate cuts in 2025... READ MORE

Seven metro areas accounted for approximately one-third of the inventory growth in independent living over the past year. The areas were (i) Dallas; (ii) Houston; (iii) Austin; (iv) Detroit; (v) Philadelphia; (vi) Ft. Myers; and (vii) Columbus, OH. Lending for new senior living projects was constrained in Q4 2023, according to a recent report.... READ MORE

CMS’s minimum staffing rule for skilled nursing facilities (“SNFs”) continues to make waves in the SNF industry. According to a new article, only one in five SNFs currently meets all the staffing requirements. Of the SNFs that meet the minimum staffing requirements, about 41% are owned by non-profit corporations and 10% by for-profit entities.... READ MORE

The Massachusetts Development financing agency issued a $400M tax-exempt bond on behalf of Beth Israel Lahey Health, which will use the proceeds to buy, build, expand, remodel and renovate facilities at multiple locations across the health system. Under a bill introduced in Congress, 11 Veterans Affairs hospitals across the U.S. could obtain up to... READ MORE