As the population ages and the youngest of the Baby Boomers enter their 60s, the need for in-person health care is increasingly critical. But some markets in the U.S. are experiencing more demand than others, and as a result, some MOB spaces are commanding top dollar.
Healthcare real estate developer PMB think their new 445,000-square-foot Wellness Village will transform healthcare by integrating behavioral health treatment with medical care and social services. The public-private partnership project, which is expected to be complete in 2026, is part of a growing direction in healthcare CRE investment and development.
Steward Health Care is canceling its auction for its first round hospitals, which include facilities in Ohio, Pennsylvania, Arkansas and Louisiana, after failing to drum up competition for properties, according to bankruptcy documents. Steward’s Ohio and Pennsylvania hospitals failed to lure any buyers during the months-long marketing process.
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