Weekly Hospital Actual Property Briefing: Medicaid Cuts Threaten Youngsters’s Hospitals | $30M Present Funds New Most cancers Middle in CA | MUSC Opens $100M Behavioral Well being Hub

1. The North Carolina Medical Services Plan has recognized a necessity for 267 extra hospital beds in Wake County, NC. Duke Well being, Novant Well being, UNC Well being and WakeMed have all filed proposals for tasks within the space.
2. Youngsters’s hospitals are performing effectively at the moment, however consultants consider Medicaid cuts that go into impact subsequent 12 months might considerably affect their efficiency. Youngsters’s hospitals rely closely on Medicaid funding. On common, Medicaid income accounts for 51% of the gross income of youngsters’s hospitals. In distinction, Medicaid funding accounts for less than 15%, on common, of the funding obtained by grownup hospitals.
3. Philanthropy continues to play an necessary position in new hospital constructing tasks. Sutter Well being introduced a $30M present that will likely be used to fund a brand new 44,000-sf most cancers middle in Santa Cruz, CA, and Tampa Normal introduced a $10M present that may fund a brand new working room renovation at its Davis Islands campus in Tampa, FL.
4. Nationwide Youngsters’s has obtained approval to construct a brand new 170,000-sf outpatient facility in New Albany, OH that may supply pressing care companies, diagnostic testing, specialty clinics and bodily, occupational and speech remedy. The undertaking will likely be developed on 25 acres donated to Nationwide by billionaire Les Wexner.
5. Hospitals proceed to search for methods to develop reasonably priced housing close to their hospital campuses to be able to appeal to and retain clinicians. Elizabethtown Neighborhood Hospital (NY) introduced an funding in a middle-market housing undertaking close to its campus, and St. John’s Well being (WY) raised funds for a housing undertaking in its neighborhood.
6. State officers are actively in search of methods to fund new inpatient behavioral well being amenities. Officers in North Dakota introduced a brand new $300M behavioral hospital in Jamestown, ND, and Montana officers introduced plans for a brand new $26M behavioral hospital close to Billings, MT.
7. MUSC (SC) not too long ago opened a brand new $100M regional behavioral well being hub in Florence, SC. The power will supply disaster stabilization, telehealth and outpatient and inpatient companies.
8. Intermountain (UT) not too long ago opened a brand new 90,000-sf pediatric behavioral well being facility in West Taylorsville, UT. The power was made potential by philanthropic donations and a $25M funding by the State of Utah.
9. Delaware officers broke floor on a brand new $90M, 120-bed long-term care hospital that will likely be positioned in Smyrna, DE. The undertaking will likely be funded, partly, by the American Rescue Act and partly by a state bond subject.
10. Ascension and Lifepoint Well being are teaming up to develop a brand new 40-bed inpatient rehab hospital in Clarksville, TN. If accepted, this would be the second hospital proposed by Ascension in Clarksville.

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