Denver’s broader office market remains heavily oversupplied, but medical outpatient space is telling a very different story, with vacancy falling to just 5.3% and limited new supply in the pipeline.
The proposed partnership would place a significant collection of Denver-area hospitals, medical practices and outpatient facilities under one operating structure—but one prominent local hospital will remain outside the deal.
AdventHealth and Intermountain Health are moving forward with a Denver-area joint venture that would unite hospitals, medical practices, clinics, urgent-care centers and emergency facilities under a coordinated regional network. The arrangement could have meaningful implications for healthcare real estate and future outpatient expansion across the market — but the full scale of the proposed system is what makes the deal particularly notable.
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