Weekly Hospital Actual Property Briefing: Cleveland Clinic Declares ASC Joint Enterprise | Geisinger Breaks Floor on Hospital Enlargement | Atrium Well being’s Innovation District

1. California Governor Gavin Newsom introduced $3.3B in behavioral well being grant funding. The funding is designed to create 5,000 residential remedy beds and 21,800 outpatient remedy slots. Grant recipients embody Alameda Well being, County of Ventura, Palomar Well being and Sutter Well being.
2. A new report argues that Alabama’s certificates of want legislation is negatively impacting well being care within the state. Researchers estimate that Alabama would have 52 extra hospitals, the price of care could be diminished and post-surgery issues would lower by 5.2%.
3. Cleveland Clinic and Regent Surgical introduced a three way partnership to develop ambulatory surgical procedure facilities (ASCs) throughout the Clinic’s U.S. markets and to streamline the Clinic’s outpatient care capabilities. The Clinic would be the majority proprietor of the three way partnership and the ASCs could have Cleveland Clinic branding.
4. Geisinger broke floor on an $880M hospital enlargement venture on its Danville, PA campus. The venture will embody an 11-story tower, a bigger emergency division, extra affected person rooms and a brand new parking storage.
5. A brand new $300M state behavioral hospital with 140 beds will probably be constructed in Jamestown, ND. The brand new hospital will substitute an current behavioral hospital in Jamestown that’s over 100 years previous.
6. Siemens introduced plans to take a position $141M into Atrium Well being’s innovation district in Charlotte, NC, referred to as “The Pearl.” The venture will embody a 60K-sf expertise middle, though few particulars have been offered. The Pearl is a $1.5B innovation district that will probably be anchored by a brand new medical faculty.
7. Prisma Well being broke floor on a brand new $138M behavioral hospital in Easley, SC. The brand new hospital will probably be funded, partly, by a $100M state funding grant.
8. OrthoArizona introduced plans to open 5 new outpatient services and broaden 5 current services to accommodate a rise in affected person demand. OrthoArizona employs 300 suppliers, 100 surgeons and has 36 areas within the Phoenix metro space.
9. Cottage Well being (CA) introduced plans to offer staff with as much as $500,000 in down fee help in the event that they purchase properties within the Santa Barbara space. Housing costs have skyrocketed in Santa Barbara, and the well being system desires to assist staff discover housing close to its hospital campus.
10. The previous Intermountain Well being Lutheran Hospital campus in Wheat Ridge, CO will probably be offered and redeveloped into 1,200 to 1,500 residential housing models, in response to a information report. Intermountain Well being just lately relocated its Lutheran Hospital to a brand new location a number of miles from the campus being offered.

For questions or extra data, please contact:

Corridor Render weblog posts and articles are supposed for informational functions solely. For moral causes, Corridor Render attorneys can not give authorized recommendation outdoors of an attorney-client relationship.