Article Commentary by Garth Hogan, Global Healthcare Services
Forbes published an online article today, titled "Catholic Hospital Mega-Deals Pressure For-Profits Like Tenet and HCA." There has been a tremendous amount of mergers and acquisition (M&A) announcements and negotiations moving toward consolidation of competing systems.
66 medical office building transactions closed in the month of October 2017 totaling over $493 million or 1.8 million square feet. California had the most medical office building transactions with 10 (15% of total), followed by Florida with 9 (13% of total).
9 physician groups and 4 hospitals were acquired in November 2017. The largest hospital acquired was Merit Health Northwest Mississippi, a 181 bed hospital, in Clarksdale, Mississippi which was acquired by Curae Health, Inc.
Newmark Knight Frank - Global Healthcare Services (GHS) Co-Leader and Executive Managing Director, Garth Hogan, continues to advance through Europe.
He recently toured French healthcare facilities with Vincent Bollaert, Head of Capital Markets France, and David Bourla, Chief Economist, based in the Knight Frank Paris office.