- Legislators in a number of states are contemplating certificates of want (CON) reform over the subsequent 12 months. In accordance with a current article, legislators in Alabama, North Carolina and Tennessee are contemplating an entire repeal of their CON legal guidelines.
- Ascension Saint Thomas introduced greater than $537M in capital investments to enhance medical services throughout Center Tennessee. The investments embody updates and expansions to present hospitals in addition to new building of hospitals and freestanding EDs.
- MOB investments surged to $2.7B in Q3 based on a CBRE report. Funding quantity has elevated 27% quarter-over-quarter. The typical sale value reached $298 per sq. foot, with cap charges averaging 7.0%. In the meantime, common rents held at a record-high $25.20 per sq. foot amid regular demand.
- Denny Sanford has agreed to make a $300M present to Sanford Well being. The present shall be used to fund a portion of the brand new $500M Black Hills Medical Middle that’s being deliberate in Speedy Metropolis, South Dakota. The 480,000-sf medical middle will embody 168 inpatient beds, an emergency division, surgical suites, a dialysis middle, an oncology middle and youngsters’s providers.
- Sutter Well being introduced plans for a brand new flagship medical middle in Santa Clara, California. The eight-story medical middle will embody 272 inpatient beds and is a part of Sutter’s $2.8B plan to broaden well being care entry in Silicon Valley.
- St. Louis Youngsters’s Hospital introduced plans to construct a 134,000-sf pediatric outpatient facility in Wentzville, Missouri. The mission is a collaboration with Washington College Drugs. Wentzville has seen a 47% improve in inhabitants since 2013.
- Andrews Sports activities Drugs has secured a lease for a brand new $110M sports activities medication and orthopedic middle close to Birmingham, Alabama. The mission shall be situated in a former retail constructing that shall be repurposed for outpatient medical and surgical providers.
- Tampa Normal Hospital has introduced plans to take over operations of DeSoto Memorial Hospital in Arcadia, Florida, beneath a 49-year lease. Beneath the settlement, Tampa Normal will agree to speculate $49M into the hospital.
- A former hospital website in Benton Harbor, Michigan, shall be redeveloped into workforce housing. The $27M mission will embody 77 properties, a brand new childcare facility and shall be funded by a public-private partnership involving the Whirlpool Basis, a Michigan housing company and Habitat for Humanity.
- A behavioral well being operator has acquired the mandatory zoning approvals to transform a Vacation Inn resort in Colorado Springs, Colorado, right into a 130-bed habit restoration middle.
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