Texas Health Resources broke ground on a new, eight-acre outpatient center in Parker County last week, a move that will provide healthcare to an underserved—but growing—community. Texas Health Outpatient Center Willow Park will feature a freestanding emergency department, fitness center, and three-story medical office building. Services will include cardiac rehabilitation, behavioral health, physical therapy, laboratory services, advanced imaging, and a chronic disease management program. Future plans include a surgery center and expansion of space for more physicians and medical services, to eventually create an integrated health campus. The center, which is scheduled to open its doors by the end of 2014, will be… Full Story
The Affordable Care Act continues to confuse much of the healthcare industry, but savvy investors are finding medical office buildings a safe bet, Modern Healthcare reports. In the first half of 2013, there have been 124 medical office building properties sold in deals totaling more than $1.83 billion, Chicago-based real estate management firm Jones Lang LaSalle reports. The average deal involves a 74,750-square-foot property selling for $14.8 million. Medical office building sales reached $5.94 billion in 2012, according to JLL. This far outpaced the previous totals of $2.79 billion, $3.45 billion and $1.62 billion for 2012, 2011, and 2010. “These… Full Story
A smooth launch to the Affordable Care Act‘s health insurance exchanges is far from certain.
The Medical Center of Plano broke ground on a satellite emergency room that is slated to open in January 2014. Full Story
The Medical Center of Plano broke ground on a satellite emergency room at the southeast corner of Coit Road and State Highway 121 in Plano that is slated to open in January 2014. The ER will operate 24 hours a day, seven days a week and will be staffed by board-certified emergency physicians and registered nurses. The staff will have specialized training in pediatrics, including a child life specialist. It will include 12 private patient rooms. The ER will be backed by the technological resources and medical and surgical specialists of the Level II Trauma Center on The Medical Center of… Full Story
Texas Health Resources has added a new medical office building in Arlington on the campus of Texas Health Arlington Memorial. The new building will eventually house medical providers that offer cardiac services, cancer treatment, orthopedic services, and a senior care clinic. The building’s physician offices, scheduled to move in by the end of the month, include Orthopedic Medicine Specialists, led by Dr. Joseph Borrelli, orthopedic department chair at Texas Health Arlington Memorial; and Arlington Internal Medicine Group, led by medical director Dr. David Lee, an internal medicine physician on the medical staff at Texas Health Arlington Memorial. The 56,000-square-foot building… Full Story
Less than 5 percent of physician practices say they have made significant progress on meeting the deadline for ICD-10.
Of the 42 percent of physicians who say they are dissatisfied with their jobs, the No. 1 reason cited was decreasing autonomy.
Victory Healthcare is slated to break ground on its newest medical center, Victory Medical Center Fort Worth, on June 19. With the finishing touches projected to be put on the building by next summer, the center will feature 85,000 square feet of medical facilities, and 50,000 square feet of medical office space. The building will be located at the corner of South Main Street and Pennsylvania Avenue in Fort Worth, and will cover 6.5 acres. Victory CEO and Chairman Bob Helms, Fort Worth Mayor Betsy Price, and Victory COO and Senior Vice President Michael G. Urbach will be featured speakers at… Full Story
Caddis Partners, a Dallas-based healthcare real estate development firm, has announced the launch of its senior living brand, Heartis, which will be develop its first location in Cleburne. “Our goal is to create a distinctive, unique brand that people will associate with the high-quality, high-value assisted living services and amenities that we will provide in our developments,” said Caddis Partners CEO and Partner Jason L. Signor in a statement. Heartis, which got its name playing off the saying, “Home is where the heart is,” will be developed and owned by affiliates of Caddis Partners, with management being provided by Eugene,… Full Story
The 113,000-square-foot Hospital at Craig Ranch in McKinney has been sold to Forge Realty Partners. The deal is the first investment for the newly launched Forge, led by former Caddis Partners executive Josh Ihde, managing partner; and Michael Austin, partner. Austin was a principal at Caddis and has been involved with the funding and leadership of many healthcare startups. He’s currently chairman of Total Surgical Management LLC and L2 Surgical LLC. Ihde said he and Austin aim to give physicians the opportunity to invest in real estate and “capitalize on the value they create.” “Physicians generate millions of dollars for… Full Story
“When you come to a fork in the road, take it.” This quote actually came from Yogi Berra giving directions to Joe Garagiola, who was coming to his New Jersey home. As it turns out, his home was accessible by two routes—either way would get to the same place. Decisions should be easy, right? If you take Yogi’s advice, you just need to pick one and get on with it. Unfortunately, most healthcare design and construction-related decisions do not take you to the same place, and various routes have vastly different impact. At our oldest child’s graduation last weekend, I… Full Story