Blog and News

Article commentary by: Eric Murphy, Global Healthcare Services

Rose Radiology Centers operates 11 imaging diagnostic centers throughout south Florida and was acquired by Akumin. Akumin is based in Jacksonville, FL and provides medical facilities that offer diagnostic services in various regions of the U.S. Akumin acquired Rose Radiology Centers to continue growing its imaging practice in Florida.

Rose Radiology Centers

  • Headquarters: Palm Harbor, FL

  • Number of Beds: N/A

  • Industry: Clinics / Outpatient Services

  • Services: Outpatient Diagnostic Imaging Services

  • Acquired By: Akumin

  • Acquisition Date: August 15, 2018

  • Type: Merger / Acquisition

  • Deal Amount: $25M

temp-post-image

Read more

In August, GHS team members Richard Gerakitis, Will Burnette, and Chris Witcher joined John Thomas, CEO and President of Physicians Realty Trust, at the historic Inverness Club in Toledo, OH. Their golf outing honored cureHUNTER, a not-for-profit organization dedicated to raising funds for pediatric cancer research. Our team is happy to partner with Physicians Realty Trust in searching for a cure for pediatric cancer.

temp-post-image

temp-post-image

cureHUNTER is a not-for-profit organization hunting for a pediatric cancer cure today, giving families hope for more tomorrows. For more information and to donate, please visit https://www.cure-hunter.org/.

temp-post-image

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. For more information, please visit https://www.docreit.com/.

Article written by Morgan Haefner, Becker's Hospital CFO Report, August 23, 2018

Several private equity firms are investing in primary care clinic operators, driven in part by greater employer pressure to lower medical costs, according to Bloomberg.

Here are three things to know:

1. Private investor New Enterprise Associates led a $165 million funding round for Paladina Health, a Denver-based primary care company. Paladina runs 53 primary care clinics in 10 states for employers. Earlier this year, NEA acquired Paladina for about $100 million from DaVita. Paladina plans to use the funds to expand its clinics, acquire other firms and look into caring for Medicare populations... Read the full article here.

temp-post-image

Article commentary by: Will Burnette, Global Healthcare Services

Sixty nine medical office building transactions closed in the month of June, totaling over $498 million or 1.9 million square feet. Florida had the most medical office building transactions with 9 (13% of total), followed by Arizona with 6 (9% of total). The average deal size was $7.1 million. HCA Healthcare’s $55.2 million acquisition of Ventas’ Tri-State Portfolio was the largest transaction during the month of June. HCA Healthcare’s was also the largest buyer in terms of dollars.

temp-post-image

(Source: Real Capital Analytics, Inc.)

Article commentary by: Eric Murphy, Global Healthcare Services

Detroit Medical Center is an outpatient pharmacy business with 7 locations throughout Detroit. The business was acquired by Walgreens Home Care, which is a subsidiary of Preferred Homecare.

Detroit Medical Center

  • Headquarters: Detroit, MI

  • Number of Beds: N/A

  • Industry: Clinics / Outpatient Services

  • Services: Outpatient Pharmacy Business

  • Acquired By: Walgreens Home Care

  • Acquisition Date: July 27, 2018

  • Type: Merger / Acquisition

temp-post-image

Read more

Article written by Ayla Ellison, Becker's Hospital CFO Report, August 7, 2018

Major for-profit hospital operators produced mixed financial results in the second quarter of 2018.

1. Nashville, Tenn.-based HCA Healthcare saw revenues increase 7.4 percent year over year to $11.5 billion in the second quarter of 2018. The revenue growth was partially attributable to higher patient volumes. HCA ended the second quarter of this year with net income of $820 million, up 25 percent from $657 million in the second quarter of 2017... Read the full article here.

temp-post-image

Article commentary by: Will Burnette, Global Healthcare Services

92 medical office building transactions closed in the month of May, totaling over $1.4 billion or 4.0 million square feet. Illinois had the most medical office building transactions with 14 (15% of total), followed by Florida with 12 (13% of total). The average deal size was $18.04 million, and Commerz Real's $332 million acquisition of 222 East 41st Street was the largest transaction for the month. Commerz Real was also the largest buyer in terms of dollars.

temp-post-image

(Source: Real Capital Analytics, Inc.)

Read more

Article commentary by: Eric Murphy, Global Healthcare Services

Allied Pacific Group acquired Pacific Alliance Medical Center for $33 Million in June 2018. Pacific Alliance Medical Center provides services including Prenatal Care, Pulmonology, Spine Surgery, Medical Services, Pain Management and Physical Therapy.

Pacific Alliance Medical Center

  • Headquarters: Los Angeles, CA

  • Number of Beds: 128

  • Industry: Hospital / Inpatient Services

  • Acquired By: Allied Pacific Group

  • Acquisition Date: June 2, 2018

  • Type: Merger/Acquisition

temp-post-image

Read more

Article written by: Silvia Ascarelli, MarketWatch, July 10, 2018

That Americans spend an inordinate amount of money on health care is no secret.

Vijay Govindarajan, a Dartmouth College professor who focuses on innovation, and Ravi Ramamurti, the director at the Center for Emerging Markets at Northeastern University, contend the U.S. could slash its $3.3 trillion annual health-care tab by 30% to 40% over the next decade without making us sicker and without rationing care... Read the full article here.

temp-post-image

Article written by: Christina Farr, CNBC, July 6, 2018

Health care is notoriously complicated. But it's also a mega-market rife with waste and inefficiencies. That makes it hard for big tech companies to ignore.

In the past five years, Apple, Amazon, Alphabet, Microsoft and Salesforce have all made big moves into the sector, as evidenced by a string of recent hires, product announcements and acquisitions. Apple CEO Tim Cook summed up big tech's attitude to health care in a recent interview when asked about whether the company's focus on health stemmed from altruism, capitalism or both: "We’re extremely interested in this area — and yes, it is a business opportunity." ... Read the full article here.

temp-post-image

Download Our
Brochure

Sign Up for Our Newsletter

 

2018 Healthcare Real Estate Outlook