- In a unique approach to address the current nursing shortage, Trine University and Cameron Memorial Hospital broke ground on a 32,000-sf nursing education center in Angola, IN. The facility will house training programs for Trine’s Associate of Science in Nursing program as part of a partnership with Cameron to recruit, train and retain nursing talent.
- A KaufmanHall report on Q2 M&A activity indicated that overall health system deal volume is back to pre-pandemic levels, while the year-over-year dollar value of transactions is down slightly from a peak in 2022. Three mega-merger transactions were announced in Q2, including the Froedtert Health/ThedaCare combination, Kaiser Foundation Hospitals/Geisinger Health’s launch of Risant, and the BJC HealthCare/St. Luke’s Health System LOI to form an integrated health system.
- St. Joseph’s Health and the New Jersey Housing and Mortgage Finance Agency opened a jointly-funded 56-unit supportive housing project in Paterson, NJ, which is the first such program in the state. The goal is to support the dual aims of affordable housing and access to public health services.
- Baylor Scott & White Health announced a partnership with NextCare Urgent Care to add 41 NextCare locations to be “integrated into” BSW’s “ecosystem of offerings.” While few details were released on the nature of the partnership, the two organizations are reportedly working on joint branding and digital integration efforts.
- Health Facilities Management highlighted Banner Health’s (Phoenix, AZ) efforts to decrease project spending across its 24-million-sf portfolio. Banner regularly engages in risk assessments and examines opportunities for savings by leveraging flexibility in life safety and building codes.
- Geisinger announced a $900 million expansion of its Wyoming Valley Medical Center (Wilkes-Barre, PA), which will result in all patient rooms being private rooms. The project is expected to be completed by 2030.
- Modern Healthcare analyzed the recent bankruptcies of private-equity-backed groups GenesisCare, Envision Healthcare and Center for Autism and Related Disorders. The report observed that payment rate pressures and high debt loads contributed to the companies’ demise, while noting that PE opportunities in specialty services still exist.
- The Kentucky state legislature’s CON task force is seeking public input on whether to pursue CON reform. Earlier this year, the legislature created the task force to study the issue of CON legislation during the interim legislative period.
- PwC’s Health Research Institute is projecting a 7% year-over-year rise in the cost of treating patients. Insurers use this medical cost trend data to calculate health plan premiums for the coming year.
- McKinsey Global Institute released a report indicating that hybrid work has resulted in health care office attendance of around 3.4 in-office days per week. Larger cities and larger employers are correlated with fewer in-office days.
For more information on real estate matters, please contact:
- Andrew Dick at [email protected] or (317) 977-1491;
- Joel Swider at [email protected] or (317) 429-3638; or
- Your primary Hall Render contact.
Special thanks to Christopher Johns and Gabriel Vaughn, undergraduate interns, for their assistance in the preparation of this article.
The post Weekly Health Care Real Estate Briefing: M&A Deal Volume Up | How to Decrease Health Care Construction Project Spending appeared first on Law Firm | Health Care Law Firm in the USA | Hall Render.