Blog and News

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

Englewood Hospital includes, the Englewood Health Physician Network and Englewood Health Foundation to deliver care in a community setting to residents in the northern New Jersey market. It was acquired by Hackensack Meridian Health for $400M and will help grow and build better access to care in the northern New Jersey region.

  • Headquarters: Engelwood, NJ

  • Number of Beds: Not Provided

  • Industry: Hospitals/Inpatient Services

  • Services: Inpatient and Outpatient Services

  • Acquired By: Hackensack Meridian Health

  • Acquisition Date: October 15, 2019

  • Type: M&A

  • Deal Amount: $400M

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Source: PitchBook Data, Inc., Newmark Knight Frank

M&A...

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

Fifty-one medical office building transactions closed in October, totaling over $401 million or 1.74 million square feet. North Carolina and Texas had the most medical office building transactions with 9 (17.6% of total) each, followed by California with 6 sales (11.8% of total). The average deal size was $9.8 million. Paradigm Properties and North Colony Asset Management’s joint venture’s $57.5 million acquisition of 625 Mount Auburn Street was the largest transaction during October, according to Real Capital Analytics.

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Source: Real Capital Analytics, as of November 20, 2019

Article written by: Jeff Lagasse, Healthcare Finance News, October 24, 2019

Nearly all hospitals in the U.S. have set cost reduction targets and recognize their importance, yet fewer than one in four have achieved "most" or "all" of their cost transformation goals -- especially in non-traditional, high-opportunity cost reduction areas such as lowering unwarranted clinical variation.

That's according to a new survey from Kaufman Hall, its third annual in-depth look at the priorities healthcare executives are setting, and progress they're making toward improving organizational performance. This year's data was collected in partnership with Kaufman Hall/Axiom and the Healthcare Financial Managem...

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Article written by: Laura Dyrda, Becker's ASC Review, October 10, 2019

HHS may make changes to the Stark Law and Anti-Kickback Statute that are intended to make it easier for healthcare providers to collaborate on value-based care arrangements.

Five things to know:

1. Under the proposed new rule issued by CMS, Stark Law would include value-based exceptions to acknowledge that the incentives for value-based care are different from volume-based care. The proposal includes safeguards to protect against overutilization, among other potential issues, but would give physicians and healthcare providers more flexibility... Read the full article here.

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

Hahnemann University Health has a 496-bed academic medical center which is a tertiary care institution that specializes in bariatric surgery, cardiac services, OB/GYN, orthopedics, medical, surgical and radiation oncology, bone marrow transplantation, renal dialysis, kidney and liver transplantation and transgender surgery. It has reached an agreement to be acquired by Drexel University Endowment and Tower Health for $50 million.

  • Headquarters: Philadelphia, PA

  • Number of Beds: 496

  • Industry: Hospitals/Inpatient Services

  • Services: Academic Medical Center

  • Acquired By: Drexel University Endowment and Tower Health

  • Acquisit...

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

187 medical office building transactions closed in September, totaling over $608 million or 3.04 million square feet. Texas had the most medical office building transactions with 18 (9.6% of total), followed by Florida with 16 sales (8.6% of total). The average deal size was $4.4 million. Menashe Properties’ $112.9 million acquisition of the Medical Dental Building was the largest transaction during August, according to Real Capital Analytics.

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Source: Real Capital Analytics, as of October 25, 2019

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.

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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.

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Source: Real Capital Analytics, as of September 25, 2019

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

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Source: PitchBook Data, Inc., Newmark Knight Frank
M&A Deals represent Hospital/Inpatient Services and Clinics/Outpatient Services transactions

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.

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