May
20
Hospitals Repurposing Real Estate for Innovation Hubs

Commentary by: Todd Perman, CCIM, Vice Chairman Global Healthcare Services


A recent article from Advisory Board found that as hospitals and health systems refocus on optimizing their real estate footprint in a post-pandemic environment, several companies have been repurposing old facilities and investing in new opportunities to create hospital innovation hubs. Health systems are transforming clinical, administrative, or even outdated, underperforming higher-acuity spaces into Silicon Valley-inspired incubators. Purposes for the innovation hubs vary; a collaboration space for health startups, a lab space dedicated to creating new products or a space to evaluate digital tools and solve health system problems.


A variety of health systems in the country, such as Cedars-Sinai, have established innovation hubs in place.


To read the full Advisory Board article about creative repurposing of non-core real estate space or investments into new facilities, click here.


These 4 health systems are betting big on innovation.” (2022, May 11). Advisory Board.


Download Our
Brochure

Sign Up for Our Newsletter

VIEW 2022 HEALTHCARE OUTLOOK