Newmark Knight Frank - Global Healthcare Services (GHS) stands by its commitment to lowering the US healthcare costs through effectively utilizing real estate assets and restructuring capital. GHS Co-Leader and Executive Managing Director, Garth Hogan has recently toured facilities and met with UK private hospital executives as well as leaders of healthcare foreign capital interested in acquiring assets in the US.
For the month of September 2017, 68 medical office buildings closed totaling over $555 million or 2.6 million square feet. California had the most medical office building transactions with 9 (13% of total), followed by Texas with 8 (12% of total).
10 physician groups and 5 hospitals were acquired in October 2017. The largest hospital acquired was Columbus Regional Health, a 413 bed hospital, in Columbus GA which was acquired by Piedmont Healthcare. Piedmont also acquired Rockdale Medical Center, a 138-bed hospital in Conyers, GA in October.
Franklin, Tenn.-based Community Health Systems completed its 30-hospital divestiture plan Nov. 1. Now, the company expects to sell another group of its hospitals with combined revenue of $2 billion, Chairman and CEO Wayne Smith said during a third quarter earnings call.