Thursday, May 3, 2012
Wednesday, May 2, 2012
The Zangmeister Center and Columbus Oncology and Hematology Associates Announce Merger Centers Join Forces to Maintain High Standard of Community Cancer Care
Big news and congratulations to both groups!
Press release below and additional article available from Carrie Ghose on Business First’s blog at: http://www.bizjournals.com/columbus/blog/2012/05/cancer-specialists-zangmeister.html?ana=e_du_pub&s=article_du&ed=2012-05-01
The Zangmeister Center and Columbus Oncology and Hematology Associates Announce Merger
Centers Join Forces to Maintain High Standard of Community Cancer Care
April 30, 2012 - (Columbus, Ohio) – In a concerted move to maintain the high standard of community oncology in central Ohio, two leading cancer care providers, Columbus Oncology and Hematology Associates and The Mark H. Zangmeister Cancer Center, have reached an agreement to merge their organizations.
The merger will create a unified entity of 21 physician members. Both centers will maintain their current locations, physicians and staff.
As healthcare costs continue to rise nationwide, the two Columbus organizations say joining forces will better position them to compete in a challenging health care environment. The merger will enable them to deliver more coordinated care while maintaining reasonable costs for patients, insurers and employers alike.
The union will allow the organizations to maintain independent offices and continue to work closely with central Ohio hospitals and other groups to offer high quality care and treatment.
“By unifying community cancer care in Columbus, we will benefit our patients by providing a greater breadth and depth of services and expertise,” said Dr. Patrick Elwood, president of the Zangmeister Center. “Both of our organizations are committed to providing the highest standard of service to our patients and this merger will assure that care continues.”
Dr. Peter Kourlas, president of Columbus Oncology and Hematology Associates agrees. “Our organizations were founded with the same mission: to offer a level of attention and patient care that is unique to the community oncology setting. By combining our strengths, it’s a win for our patients, our own practices and cancer care in central Ohio.”
Wednesday, April 25, 2012
Guidance for acquiring medical real estate from hospitals
Demand is higher than ever, but what are the key considerations for those who are interested in purchasing these buildings?
I ran across the article below and thought it provided a solid overview of most of the issues involved, hope you find it helpful!
Wednesday, February 15, 2012
Friday, December 2, 2011
New space sells for record low price ($33 per SF), located near Dublin Methodist hospital
A 16,000 square foot condominium suite located across from the hospital just sold for $33 per square foot.
The property was built by a private developer with asking prices $150+ per square foot, but the lack of sales forced a situation where the lender had to take the property back.
After the lender marketed for about a year, they set a deadline to close by the end of year.
With the end of the year nearing and no contracts in place, they decided to ask for best offers and accept the highest.
This price point tells us what a speculative investor is willing to pay for a space.
Unlike investment sales (where tenants are in place) or user sales (where the buyer is going to use some / all of the building) this speculative purchase scenario is not something we’ve had much data on.
This low price is indicative of the investor’s risk. He will need to find tenants (which could take an unknown period of time) and will need to contribute to the build out costs (not a totally known cost).
The carrying costs such as taxes and insurance will reduce his return, so he is highly incentivized to lease or sell the space quickly.
Despite these risks, this is likely a tremendous opportunity for the investor.
He can set his asking rents and prices substantially lower than the rest of the nearby market and still make a decent profit.
For the investor, as well as whomever buys or leases from him down the road, this should be a win-win.
Wednesday, November 23, 2011
Wednesday, November 16, 2011
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