Blog and News

Article written by: Mark Maurer, Wall Street Journal, August 30, 2019

Many U.S. public companies underestimated the difficulties of complying with a new lease-accounting standard, finance chiefs say. Their stumbles could inform private companies that are now preparing for the transition.

The Financial Accounting Standards Board in the past year began requiring public companies to report operating leases on their balance sheets in an effort to increase transparency for investors and lenders... Read the full article here.

temp-post-image

Article commentary by: Jessica Moore, Assistant Financial Analyst, Global Healthcare Services

Fifty-six medical office building transactions closed in August, totaling over $444 million or 2.243 million square feet. California had the most medical office building transactions with 8 (14.29% of total), followed by Arizona with 6 sales (10.71% of total). The average deal size was $10 million. Rabsky Group’s $95 million acquisition of Maynard Building was the largest transaction during August, according to Real Capital Analytics.

temp-post-image
Read more

Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services

Independent Emergency Physicians has formed a joint venture with Healthy Urgent Care. The venture will create an emergency physician owned network of urgent care facilities throughout Michigan.

  • Headquarters: Michigan

  • Number of Beds: N/A

  • Industry: Clinics/Outpatient Services

  • Services: Urgent Healthcare Centers

  • Joint Venture: Independent Emergency Physicians and Healthy Urgent Care

  • Acquisition Date: August 21, 2019

  • Type: Joint Venture

  • Deal Amount: N/A

temp-post-image
Read more

Article written by: Society for Health Care Strategy & Market Development, September 4, 2019

Hospital mergers enhance quality for patients and reduce costs, according to a Charles River Associates study released today.

The analysis, which was an update to a 2017 report, found that mergers can lead to enhanced quality through the standardization of clinical best practices, as evidenced by significant declines in the rates of readmission and mortality rates following mergers... Read the full article here.

temp-post-image

Please join us in welcoming Jay Miele and John Nero to our Global Healthcare Services (GHS) team! Miele and Nero, both based in New York, bring 35 years of combined experience in advising health systems, developers, and institutions on portfolio optimization, capital needs, growth, and financial strategies. GHS is committed to expanding the best-in-class healthcare platform at NKF and Miele and Nero will make a significant impact on our mission... Read full press release here.

temp-post-image
Read more

Article written by: Katharine Schwab, Fast Company, August 30, 2019

From Nantucket to Miami Beach—currently under threat from Hurricane Dorian—medical centers are going to extreme lengths to prepare. “This is designed to be the last building standing,” says one architect.

Hurricane season is officially here, with Hurricane Dorian projected to hit Florida over the holiday weekend. Meteorologists estimate that by the time it makes landfall, it will be a Category 4 storm. With hurricanes worsening each year, some hospitals on the coast are updating their buildings to be more resilient and able to withstand strong wind and torrential flooding—including one of the hospitals that is in danger from Dorian... Read ful...

Read more

Article written by: Yahoo Finance, August 7, 2019

According to the current analysis of Reports and Data, the global Ambulatory Care Service market was valued at USD 77.49 Billion in 2018 and is expected to reach USD 113.06 Billion by year 2026, at a CAGR of 4.8%.

Ambulatory care is a medical care provided on an outpatient basis, without admission to a hospital. More specifically, ambulatory care services are medical services provided on an outpatient basis, including, diagnosis, observation, treatment, consultation, intervention and rehabilitation services. From the past ten years, hospitals are diverting many services to outpatient facilities... Read full article here.

temp-post-image

Article written by: Jeff Lagasse, Healthcare Finance, August 20, 2019

Many industries these days cater to an increasingly online, convenience-obsessed and consumer-focused world, and while healthcare is no exception, it has a lot of catching up to do.

The results of Kaufman Hall's 2019 Healthcare Consumerism Index highlight the challenges that legacy healthcare providers face in trying to grasp a firm handhold on the ever-rising bar of consumer needs and expectations. The Index provides a lens to industry performance related to consumerism, based on survey responses from hospitals and health systems nationwide... Read full article here.

temp-post-image

Article commentary by: Tina Sui, Financial Analyst, Global Healthcare Services

Sixty-five medical office building transactions closed in July, totaling over $319 Million or 1.959 million square feet. Texas had the most medical office building transactions with 8 (12.31% of total), followed by Georgia with 7 sales (10.77% of total). The average deal size was $6.2 million. Harrison Street’s $29.4 million acquisition of Summit Orthopedics was the largest transaction during July, according to Real Capital Analytics.

temp-post-image
Read more

Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services

Lourdes Health System, a subsidiary of Trinity Health, operates 3 hospitals in New Jersey, providing a range of healthcare services to the community. The system was acquired for $60 million by Virtua Health. The acquisition expands services for Virtua in the region.

  • Headquarters: Camden, NJ

  • Number of Beds: 381

  • Industry: Hospital/Inpatient Services

  • Services: Multi-Specialty Community Health System

  • Acquired By: Virtua Health

  • Acquisition Date: July 1, 2019

  • Type: Acquired

  • Deal Amount: $60.0 million

temp-post-image
Read more

Download Our
Brochure

Sign Up for Our Newsletter

2019 Healthcare Real Estate Outlook