Insights From CEOs of Baylor, UnitedHealthcare, Catalyst, Caddis, and More

Providers, health plans, and pharmacies are uniting into single entities while evidence shows that investing upstream with primary care improves quality and reduces healthcare costs. In a battle against ever increasing premiums, employers are looking at ways to spend less on healthcare, with more and more moving to self-funded plans, educating their employees about how their choices impact everyone’s cost, and redesigning their pharmacy benefit plans for up to 50 percent savings. These are just a few of the insights shared during the D CEO 2019 Healthcare Roundtable, a sponsored discussion from the July issue with North Texas Healthcare leaders.… Full Story

Dallas is Nation’s Second Most Active Medical Office Building Construction Market

DFW has the second-most medical office building construction nationwide, accounting for nearly 1.5 million square feet and behind only New York City. Medical office buildings are getting larger, farther away from hospital campuses, and remain profitable and well-occupied in the region, according to Revista data shared by Mike Hargrave at the North Texas Hospital, Outpatient Facilities, and Medical Office Buildings Summit. Private equity is an growing influence in health care transactions, and Dallas leads major Texas markets in average rent and rent growth for medical office buildings as well. Dallas has 14 projects under construction in the medical office building… Full Story

Tenet Healthcare Leaves Downtown for Farmers Branch

Tenet Healthcare will be moving its 500 downtown employees to a 372,000 square-foot office along the Dallas North Tollway. The healthcare services company, which owns hospitals and other practices all over the country, will be leasing the entire 13-story International Plaza I building after being housed in Fountain Place downtown. A potential move was discussed earlier this year in an investment call, with Tenet looking for ways to save $200 million and improve its bottom line for shareholders. Over the past few years, Tenet has been saddled with litigation costs resulting from numerous kickback schemes at its hospitals. Taconic Capital… Full Story

Could Tenet Healthcare Corp. Be on the Move?

Tenet Healthcare Corp. might be leaving downtown after a decade in Fountain Place on Ross Avenue, and could be headed to a location north of 635, reports the Dallas Morning News. Tenet has been selling off assets in an effort to improve its bottom line over the past couple years, and the 500 employees downtown could be moving into more affordable digs. DMN reports that the publicly traded company has been looking for ways to save $200 million, and CEO Ronald Rittenmeyer told analysts that office needs might be a way to do that. “We’re going to consolidate, for example, our… Full Story

Texas Neurology Moving From Lakewood to North Central Expressway

Texas Neurology is moving from Lakewood to a four story building near Mockingbird Station. The practice signed a 15-year lease in 40,252 square feet on the first floor of the building at 6080 North Central Expressway, and is expected to move in early 2020. Texas Neurology serves a variety of neurological disorders such as Alzheimer’s, muscular dystrophy, and ALS. The new location provides better access to Texas Neurology satellite locations in Richardson, University Park, and East Dallas, as well as Dallas area hospitals. The facility is also a short walk from the restaurants and entertainment at Mockingbird Station. “As we… Full Story

Vivify Health Has Tripled in Size and is Expanding its Space in Plano

Vivify Health, a digital platform powering numerous health provider technologies across the country, is growing its office presence at the Shops at Legacy by 40 percent. Vivify has been in their current location since 2014, and is taking over adjacent space. Vivify Health’s cloud-based platform helps providers create personalized health plans, biometric data monitoring, virtual health visits, and patient education that is also integrated with electronic medical records. It is under contract with over 800 hospitals nationwide, including Children’s Health, Texas Health Resources, and UT Southwestern. They have doubled revenue every year since 2014. A number of wireless devices allow… Full Story

DFW Leads the Nation in Medical Office Space Growth

Medical office space growth in Dallas-Fort Worth reflects the medical industry’s growth overall.  The region was the leading market for medical office construction from quarter three in 2017 through quarter two in 2018, according to CBRE. Nearly one million square feet of medical office space were added during the period, with 95,000 square feet still under construction. The CBRE report details the growth in Dallas, which  was second only to Houston in medical office space between 2010 and 2018, building 2,739,006 square feet. As medical office building rents rise, national trends show an increase in lower cost and localized outpatient care… Full Story

Healthcare Associates of Texas is Relocating its Headquarters

Healthcare Associates of Texas is moving from one Dallas suburb to another, as it relocates its headquarters from Irving to Plano. The primary care practice management company will be in a 20,258 -square-foot office in the International Business Park in Plan after being in Irving for 20 years. More than 100 employees will be moving to the location in March. Healthcare Associates operates nine clinic locations in North Texas that provide primary, specialized care, and pharmacy services. “We are excited about our continued growth across the Metroplex,” said David Harbour, CEO of Healthcare Associates of Texas via release. “The location… Full Story

Caddis Names New Vice President of Senior Living

Tami Cumings will join Caddis as vice president of senior living and will lead the operations of the firm’s Heartis senior living brand. Cumings has 25 years in the independent living, assisted living, and memory care industry. Caddis is a Dallas-based real estate development, management, and investment firm that focuses on healthcare real estate. Prior to joining Caddis, Cumings was the senior vice president of sales and marketing for the Arbor Company. She has also held leadership positions at Sunrise Senior Living, US Memory Care, A Place for Mom, and Assisted Living Concepts. “We’re thrilled to have Tami Cumings join Caddis,” said Jason… Full Story

Cushman and Wakefield’s New Executive Director Chris Barnet on What’s Next for DFW Healthcare Real Estate

Chris Barnet joined Cushman and Wakefield as Executive Director in its Healthcare Advisory Group this week after serving Vice President and Director of Healthcare Services at Colliers International. We chatted with him about his move, what the last year held for healthcare real estate, and what he sees going forward. Barnet noted that uncertainty rules the day, as reimbursements for doctors from insurance and medicaid are always fluctuating, impacting what kinds of real estate moves healthcare companies can make. He sees a reversal of a trend that started three or four years ago, when doctor groups were quickly consolidating under… Full Story