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March 2014
Temecula Valley Hospital in Temecula, Calif., is a 140-bed acute care hospital that was built based on Lean principles and an integrated project delivery (IPD) approach. Design began in April 2010, construction started in June 2011 and was completed in July 2012, and the facility started accepting patients in September 2013. HMC Architects partnered with a DPR/Turner joint venture to deliver the Temecula Valley Hospital.
Fifty-five percent of the 150 attendees reported a decline in operating margins year over year in fiscal year 2013 as opposed to 26 percent in fiscal year 2012. The top reasons for the dramatic dip are attributed to shift in payor mix and reimbursement reduction.
Newmark Knight Frank is pleased to welcome Bryan Walsh, Associate Director, to the Global Healthcare Services team. Bryan Walsh originally joined Newmark Knight Frank in 2010 as part of the NKF Capital Markets group in the downtown Chicago office. Mr. Walsh focuses his efforts exclusively on the medical office and healthcare sector of the commercial real estate market, giving him comprehensive knowledge of the many nuances that impact this specialized niche.
Obamacare and an aging U.S. population are spurring purchases of medical office buildings, with investors sending prices to a record on bets that Americans’ demand for health services will increase. Sales of properties leased by doctors and other health-care providers reached $6.67 billion in 2013, the second-highest total in 13 years of data-keeping by Real Capital Analytics Inc.
