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- A recent report from CBRE indicated that construction input prices are up 42.5% from March 2020 to March 2022. CBRE expects output prices (for construction work) to rise similarly in the next 6-9 months.
- Despite potential price pressures, hospital construction is up, with 45.2 million square feet of new construction in progress in the second quarter of 2022 (as compared with 37.4 million square feet in Q2 2021 and 28.7 million square feet in Q2 2020). MOB transaction volumes have doubled year over year as well, per Bisnow.
- The Counselors of Real Estate issued its annual Top Ten Issues Affecting Real Estate. The report points to inflation, interest rate risk and regulatory uncertainty among other factors that will shape the real estate market in the year ahead. For health providers, labor shortages were also cited as a concern, per CRE.org.
- The American Society for Health Care Engineering (“ASHE”) of the American Hospital Association has awarded three health care facilities as Sustainability Champions for 2022. The winners are Carilion Roanoke Memorial Hospital and Carilion Rockbridge Community Hospital in Virginia and Aurora Medical Center in Manitowoc County, WI. ASHE’s Energy to Care initiative encourages hospitals to save on energy costs and reallocate those dollars to patient care, per ASHE.
- In a similar vein, Cincinnati-based Bon Secours Mercy Health and Mercy Health Lourdes Hospital in Paducah, KY also won environmental excellence awards for innovation and leadership toward sustainability goals, per WPSD.
- Senior living occupancy is up for four consecutive quarters, and the consensus among investors is that occupancies will continue to rise by at least another 2.5 percentage points (along with rising cap rates) over the next 12 months, per an investor sentiment survey from Wealth Management Real Estate and National Investment Center for Seniors Housing.
- In a recent interview, Michelle Delker, CFO of skilled nursing provider Mission Health, said that workforce challenges are at the top of her list of concerns, as skilled nursing providers seek to grow in-house certified nursing assistant training programs to reduce reliance on staffing agencies, per Skilled Nursing News.
- So far, more than 129 ASCs have either opened or been announced in 2022, per a roundup from Becker’s ASC Review.
- The Department of Justice announced criminal charges against 36 defendants in 13 federal districts across the United States for more than $1.2 billion in alleged fraudulent telemedicine, cardiovascular and cancer genetic testing, and durable medical equipment schemes, per DOJ.
- E-commerce giant Amazon announced it will acquire primary health care organization One Medical in a deal valued at roughly $3.9 billion, per CBS News.
Hall Render blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot—outside of an attorney-client relationship—answer specific questions that would be legal advice.
