Weekly Hospital Actual Property Briefing: Central FL Hospital Improvement Stays Sizzling | Northwell Invests $1B as A part of Northwell Affiliation | New Specialty Hospitals Introduced

1. A latest article highlighted frictions between the event of behavioral well being hospitals, which many advocates argue are crucial, and native resistance from neighbors who concern such services would possibly undermine the neighborhood’s character.
2. After just lately breaking floor on a $777M most cancers facility in Sugar Land, TX, MD Anderson introduced that it’s persevering with to judge expansions into close by fast-growing neighborhoods, equivalent to Cypress, TX.
3. Huntsman Most cancers Institute and the College of Utah broke floor on a brand new most cancers middle in Winery, UT which can develop capability for analysis, care, training and coaching. The $400M facility will probably be funded partially by a $75M reward from the Huntsman Household Basis and several other different personal donations.
4. The State of Connecticut authorized a proposed affiliation between Nuvance Well being and Northwell Well being that includes transferring possession of a number of Nuvance hospitals to Northwell. As a part of the affiliation, Northwell will make investments not less than $1B throughout the Nuvance portfolio.
5. College of Iowa Well being Care held a ribbon-cutting for its new $526M orthopedics hospital in North Liberty, IA. The ability has 469,000 sf, sits on 60 acres and has its personal 36,000-sf utility plant to help the hospital.
6. WVU Drugs introduced greater than $460M in capital initiatives this 12 months, which features a $200M affected person tower in Martinsburg, WV, a $122M outpatient most cancers middle in Wheeling, WV, two new ASCs, a pediatric facility and an outpatient facility in numerous different areas of the state.
7. Orlando Well being introduced plans to spend over $750M to develop a brand new hospital, freestanding emergency departments and doctor places of work in Brevard County, FL.
8. AdventHealth purchased a medical workplace park in Orlando’s in style Mills 50 neighborhood for $60M. The acquisition features a 5-story MOB, an 850-space parking storage and a vacant lot the place a 90,000-sf second MOB tower has been proposed.
9. Ascension just lately introduced it can promote its remaining 4 hospitals, an ASC and 35 outpatient clinics in Michigan to Beacon Well being.
10. Building commenced on a $145M pediatric-focused behavioral hospital in South Los Angeles, which will probably be one among a small variety of such services within the nation. The ability will embrace an inpatient psychiatric ward, outpatient providers and a 24-unit transitional housing growth for households receiving care on the facility.

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