North Texas Walmarts Are Launching Oak Street Health Clinics

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Chicago-based Oak Street Health announced its arrival in North Texas earlier this year, and now the value-based network is partnering with the world’s largest corporation. Walmart will be launching Oak Street Health in three of its supercenters in Dallas-Fort Worth this year.

Walmart Supercenters in Arlington, Benbrook, and Carrollton will soon transition their Walmart Care Clinics to Oak Street Health centers.

“As we grow Walmart Health locations in other markets, we think Oak Street Health’s innovative value-based healthcare model will help us continue to deliver on our live better promise at these locations,” said said Marcus Osborne, senior vice president of Walmart Health via release.

A rendering of the Benbrook Walmart with Oak Street Health clinic (IMAGE CREDIT: Oak Street Health)

The clinics will offer comprehensive and preventative primary care and urgent care services. Extended hours for walk-ins and same day appointments are part of the plans as well. All patients are welcome to the clinic, but Oak Street says its focus is on the Medicare population. There are 60 Oak Street locations around the country and the clinics’ patients have experienced a 41 percent reduction in hospital visits and a 49 percent reduction in emergency room visits compared to Medicare benchmarks.

“It is our mission at Oak Street Health to rebuild healthcare as it should be, and that aligns directly with Walmart’s history of providing accessible and equitable health care in communities across the country,” said Mike Pykosz, CEO of Oak Street Health via release. “We look forward to becoming a positive addition to the neighborhood in these new markets and providing an unmatched healthcare experience in a convenient location.”

 

Source: D CEO Healthcare Magazine

Passavant Area Hospital Campus In Jacksonville To See $21 Million Expansion

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Ground will be broken today on a nearly $21 million expansion that will add 36,000 square feet to the Passavant Area Hospital campus and allow Springfield Clinic to expand its offerings in Jacksonville.

The Passavant Area Hospital campus

A two-story building will be attached to the northeast side of the hospital’s medical office building, which opened in June 2013 and has been the home to Memorial Physician Services-Jacksonville and Springfield Clinic.

“Springfield Clinic has wanted additional space so it can provide services to Morgan and surrounding counties. Springfield Clinic will lease all of the new space,” said Passavant Area Hospital President Scott Boston. “It will be increasing access for people in the community and not having them travel to Springfield,”

When the $20.6-million project is completed by fall 2021, Springfield Clinic providers will offer full-time coverage for cancer and family medicine services and part-time coverage in ophthalmology. These will be in addition to the numerous specialty providers already available in Jacksonville.

More laboratory services and an additional X-ray room will be provided and the additional office space will allow more Springfield Clinic specialists from Springfield to visit Jacksonville to see patients. Jen Boyer, vice president of operations for Springfield Clinic, said she was excited about the expansion of the clinic’s services.

“We currently have a heavy presence in the Jacksonville area. With this expansion, we’re able to have oncology services full-time in Jacksonville,” Boyer said.

Other specialties will include such areas as allergy, audiology, cardiology, dermatology, endocrinology, gastroenterology, nephrology, neurology, otolaryngology, plastic surgery, pulmonary, rheumatology, urology and vascular.

“With the expansion, providers will be able to better accommodate patients,” said Boyer. “Patients like — and are more comfortable when — they can stay within their own community. It’s important that the patients are pleased.”

The expansion was to be completed in the spring, but was pushed back because of the COVID-19 pandemic.

 

Source: My Journal Courier

 

 

Medical Groups Eye Winter Park’s Skycraft Site For New Office Development

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An iconic Winter Park property — that’s been targeted for redevelopment for months — may soon land a buyer.

“Several medical office groups have signed letters of intent to buy the Skycraft Parts & Surplus Inc. property at 2245 W. Fairbanks Ave.,” said Glen Jaffee, senior associate at Cushman & Wakefield, who is marketing the site.

A company was under contract to buy the site, but the deal fell through due to Covid-19. The property has been on the market for less than a year.The Skycraft building may be razed to make way for up to 25,000 square feet of office space on the site.

“No plans have been submitted to the city of Winter Park, but a company is expected to go under contract for the site in the next month,” Jaffee said. “Medical doesn’t go away. There’s always going to be an interest and a need for medical use.”

The site is attractive because it’s in the affluent city of Winter Park and it’s next to Interstate 4, which has 157,000 vehicles a day. That access to I-4 means people from all over the region may be more willing to drive to the site for medical services.

Skycraft Parts & Surplus Inc. currently owns the 0.76-acre property, which features a 6,492-square-foot commercial structure built in 1978, according to Orange County records. The property’s market value is $1.2 million, Orange County records showed.

It’s the latest redevelopment project either proposed or recently completed along Fairbanks Avenue, which is located in an in-demand Winter Park retail area. That’s because retail space on Fairbanks is a bit more affordable than along nearby U.S. 17-92.

“The Fairbanks corridor is going to continue to see a significant uptick in new development, repositions and re-skins,” said Matt Weinberger, vice president of office and industrial advisory services at Millenia Partners, who isn’t involved with the Skycraft property.

More Medical

There may be more medical space that rises nearby. In July, Winter Park-based Raja Investors LLC purchased 954 S. Orlando Ave. for $3.5 million, according to Orange County records. The entity is tied to medical company Orlando Neurosurgery at 1605 W. Fairbanks Ave., state records showed. One of the entity’s managers is Dr. Ravi Gandhi, a physician with Orlando Neurosurgery. Dr. Gandhi wasn’t available for comment. The property’s seller was Krlkm LLP, and the 0.84-acre property features roughly 16,800 square feet of commercial space.

It’s the latest investment for Gandhi whose Winter Park-based Verax Fairbanks LLC in May 2018 paid $3.5 million to buy a 1.6-acre, vacant city-owned site at 1111 W. Fairbanks Ave. A roughly two-story, 20,000-square-foot medical office building was built on the site, and Orlando Health Women’s Pavilion opened as a tenant in June 2020.

Retail Stats

The Winter Park/Maitland retail submarket is one of the most in-demand areas in Central Florida. The submarket features 1.5 million square feet of retail space and a 1.8% average vacancy rate, Colliers International Central Florida reported. That’s well below the Orlando area’s 5.8% average vacancy rate, showing demand for retail space. In addition, the submarket’s average retail rental rate of $36.41 per square foot is nearly double the Orlando-area average of $18.87 per square foot, showing big demand for retail.

 

Source: Orlando Business Journal