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May 2015
Signature Behavioral Healthcare, a provider of behavioral health care services, acquired seven acres at the March LifeCare Medical City in Riverside County, marking the first investment in the future 6 msf health and wellness campus. The land was sold by March Healthcare in a deal valued at $4.6 mil.
The move away from inpatient care towards services provided outside of the hospital setting is leading many healthcare systems to sell off properties owned by their hospitals in an effort to scale back and raise some extra cash.
Avoiding Pitfalls: Why Hospitals and Health Care Providers Need a Space Lease Compliance Program panel discussed the importance for real estate compliance and sited some of the recent court rulings where significant fines were paid for violations involving physicians leasing space from hospitals and health systems.
Experts say 2015 is only going to get busier for healthcare real estate deals, according to a new survey by the Building Owners and Managers Association released at its Cleveland conference.
