Blog and News

Written by Ayla Ellison, Becker's Hospital Review, November 10, 2017

Franklin, Tenn.-based Community Health Systems completed its 30-hospital divestiture plan Nov. 1. Now, the company expects to sell another group of its hospitals with combined revenue of $2 billion, Chairman and CEO Wayne Smith said during a third quarter earnings call.

To improve its finances and reduce its heavy debt load, CHS put a turnaround plan into place last year. As part of the initiative, the company announced in early 2017 that it intended to sell off 30 hospitals. In August, CHS extended its divestiture plan. The company said it would sell a group of hospitals with combined revenue of $1.5 billion in addition to the 30 hospitals already announced.

With the sale...

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10 physician groups and 5 hospitals were acquired in October 2017. The largest hospital acquired was Columbus Regional Health, a 413 bed hospital, in Columbus GA which was acquired by Piedmont Healthcare. Piedmont also acquired Rockdale Medical Center, a 138-bed hospital in Conyers, GA in October. The largest physician group acquired was Synergy Radiology Associates in Houston TX, with 92 physicians, and was acquired by MEDNAX.

(Source: Irving Levin Associates, Newmark Knight Frank)

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For the month of September 2017, 68 medical office buildings closed totaling over $555 million or 2.6 million square feet. California had the most medical office building transactions with 9 (13% of total), followed by Texas with 8 (12% of total). The average deal size was $12.1 million and Physicians Realty Trust $118 million acquisition of a medical office building in Georgia represented the largest medical office transaction for the month. Physicians Realty Trust was the most active buyer with 5 medical office transactions totaling over $236.7million.

(Source - Real Capital Analytics, Inc.)

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Newmark Knight Frank - Global Healthcare Services (GHS) stands by its commitment to lowering the US healthcare costs through effectively utilizing real estate assets and restructuring capital. GHS Co-Leader and Executive Managing Director, Garth Hogan has recently toured facilities and met with UK private hospital executives as well as leaders of healthcare foreign capital interested in acquiring assets in the US. Healthcare expenditure across France, Germany and UK is at or near 10% of GDP, which is a higher figure than their transportation, construction and education, yet their outcomes are still better than the US where the healthcare spend is at or near 18% and growing. In the midst of healthcare reform uncertainty and indecision on ...

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The GHS team would like to congratulate team member Chris Witcher on receiving his Commercial Certified Investment Member (CCIM) designation! This is a well respected designation within the commercial real estate field as candidates must complete extensive coursework covering financial and market analysis, advanced negotiation training, user decision analysis and forecasting investment performance for commercial investment properties. They must also have qualifying experience in transaction volume or qualifying deals then take a comprehensive exam. Chris has shown great determination in completing this course and reaching his goal. Congrats Chris!!

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Written by: Morgan Haefner, Becker's Hospital Review, October 3, 2017

As of the end of 2016, the U.S. housed 626 health systems, according to an Agency for Healthcare Research and Quality analysis.

The report is based on the 2016 Compendium of U.S. Health Systems and data from the American Hospital Association, among other databases.

Here are five additional findings.

Read the full article here

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Written by: Kaufman Hall, October 17, 2017

Hospital and health system partnership transactions for 2017 total 87 as of the end of the third quarter, setting a pace for transactions in 2017 that may exceed the 102 deals completed in 2016. Twenty-nine transactions were announced in the third quarter of 2017, slightly less than the 31 deals announced in the second quarter, according to the latest analysis by Kaufman Hall, a leading provider of strategic and financial consulting services, and enterprise performance management and decision support software.

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Article commentary by: Garth Hogan, Global Healthcare Services

We support lowering the cost of healthcare through improved efficiency and technology. Patients being able to utilize smart devices will help them to stay connected providers and update valuable information between office visits and therefore keeping medical costs down.

Written by: Marco della Cava, USA Today, October 16, 2017

How about hitting your local Apple store for a quick health check-up? It's not as crazy as it sounds.

The iPhone-maker almost bought medical clinic startup Crossover Health in a move that would have potentially fast-tracked the idea of Apple-branded health kiosks popping up around the country, according to a CNBC report.

Talks have been ongoing throughout ...

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Article Commentary by: John Cobb, Global Healthcare Services

Imagine having financially prepared and discovering that instead of covering your expenses in the coming year, you would fall short for the next two years and the only solution was to cut 2% off of your annual budget? In the case of a recent cost reduction article, that 2% equated to $50 million.

Starting in 2016, Brigham and Women’s Hospital in Boston, MA has undergone a major cost-cutting drive. Staff buyouts, operating room schedules, new performance metrics, and medical supply spend reductions are among the steps described to reduce expenses while protecting quality of care. One surprising cost reduction came through mattress pads, where a simple change saved $400,000 p...

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Todd Perman, Garth Hogan and the entire NKF Global Healthcare Services (GHS) team, support Howard Lutnick and Cantor Fitzgerald in the spirit of giving to individuals and families in need. Especially, during a time of crisis. We have all contributed to the Cantor Relief Fund and encourage everyone to join.

The Cantor Fitzgerald Relief Fund (www.cantorrelief.org), a 501(c)(3) not-for-profit, was founded on September 14, 2001, with a $1 million personal donation from Cantor Fitzgerald Chairman and CEO, Howard W. Lutnick. Since then, the fund has raised and distributed approximately $304 million to victims of terrorism, natural disasters and emergencies, direct service charities, and wounded members of our military.

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