Winter 2021 Edition
Three Recommended Steps for Hospitals to Better Utilize Office Space Post-COVID-19
Source Article: Forbes
Commentary by: Chris Gordon, Senior Managing Director

How are hospitals and medical centers rethinking their office needs and workspaces?

With the recent surges and fluctuations in patient care, access to clinical space is crucial. According to a recent article in Forbes, approximately one-third of academic medical centers are dedicated to non-clinical workspace. The pandemic has presented health systems an opportunity to reevaluate their spaces and create more productive and efficient floorplans.
December 2020 M&A Spotlight: 107-Bed Capital Medical Center Acquired
Commentary by: Eric Murphy, Managing Director

Capital Medical Center is a community-based healthcare system that serves patients throughout South Sound and provides care in more than 20 specialties and subspecialties. MultiCare Health System of Tacoma announced it will acquire ownership interest in Capital Medical Center.
$1.5B+ in MOB Transactions Closed in December 2020

One hundred and seventy four medical office building transactions closed in December 2020. Even though 13 states (including DC) were without a closing in the month of December, the transaction volume totaled $1.57 billion and over 3.58 million square feet.
910 Erie Blvd East MOB
Syracuse, NY

Total SF: 35,585
Sales Date: 1-15-2021
Price: $6,091,000
Lifespan ACC
Greenwich, RI

Total SF: 48,307
Sales Date: 12-22-2020
Price: $18,725,000
Executive Leadership
Medical Office Capital Markets & Investment Banking Advisors
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