A new 2026 outlook highlights strong demand driven by an aging U.S. population, while limited new construction is pushing up occupancy rates and rents. But pricing challenges and policy risks remain for investors.
Moffitt Cancer Center, one of 54 National Cancer Institute-designated comprehensive cancer centers, is opening the doors to its $400 million inpatient surgical hospital in Tampa, Moffitt McKinley, which it expects will accommodate a 63% increase in patient volume and a 33% rise in cancer surgeries over the next 10 years.
Construction began in 2020 with design plans entailing a hospital that could treat all types of cancer and provide surgery for solid tumors. The design was based on feedback from more than 170 stakeholders, including physicians, nurses, lab personnel, pharmacy staff, hospital leaders, administrators, patients, and families.
The 10-story facility is 498,000 square feet and is made up of 19 operating suites, 128 inpatient rooms, and 72 perioperative rooms. It also has an intraoperative MR suite, a diagnostic CT scanner, and two nuclear medicine cameras. The hospital will start with 80 available inpatient beds but can expand to 400 in the future.
“We are significantly increasing our capacity to help more patients and save so many lives here. We’re expanding all over so we can bring therapies closer to our patients and perform life-saving research that will give them even better hope for tomorrow,” said Moffitt president and CEO Dr. Patrick Hwu in a statement.
The new MR scanner provides doctors with real-time views of the patient on the operating table and does not require the patient to be moved to another room for scanning, according to WUSF Public Media.
“Everyone clears the room and an MR scanner comes in from [another] room on a track and comes over and looks to see if we got the whole tumor. If not, the surgeon will take more of a margin,” said Hwu.
Each patient room is 350 square feet and includes virtual whiteboards and flat-screen TVs, foldout sofas and recliners, and technology that identifies each team member that enters. The hospital also has a 26,000-square-foot central utility plant, a three-story parking garage, and a pedestrian bridge that connects it to the Richard M. Schulze Family Foundation Outpatient Center.
In addition to this project, Moffitt Cancer Center broke ground back in January on the construction of its 775-acre Pasco County campus, Speros Florida, which will include 140 buildings for clinics, research, housing, and more. It is expected to start seeing patients in 2025.
For Moffitt McKinley, it partnered with Barr & Barr Inc., Hammes Company, HDR, Horus Construction Services Inc., Walter P. Moore, and Ardurra Group Inc.
The hospital held a ribbon-cutting event on June 21. Its first surgical case is scheduled for July 31. 
Source: HealthCareBusiness News
A multimillion dollar health care facility is coming to Rutherford County.
Ascension Saint Thomas Rutherford will begin construction on a $60 million multispecialty medical office building on the hospital’s campus in 2023, according to a news release. A portion of the 102,000-square-foot building will house The Ascension Saint Thomas Cancer Center, a new cancer partnership with Tennessee Oncology.
Ascension Saint Thomas Rutherford is Middle Tennessee’s seventh-largest hospital, according to Nashville Business Journal research, with 286 beds and more than 1,000 employees. The announcement comes in the midst of a $110 million campus investment into the main Ascension Saint Thomas Rutherford hospital, which is set for completion in 2024 and includes the construction of a parking garage.
The Ascension Saint Thomas Cancer Center will feature surgical, medical and radiation cancer care specialists who will focus on cancer provention, detection and treatment, according to the release. Tennessee Oncology is one of the largest oncology practices in the U.S., according to the release, with 30 centers across 30 states.
“Cancer impacts more than 1.7 million Americans annually. We want to reimagine cancer prevention and care to make screenings and treatment more convenient for the many individuals right here in Murfreesboro and Rutherford County who have been or will be affected,” Gordon Ferguson, president and CEO of Ascension Saint Thomas Rutherford, said in the release. “We are honored to partner with the innovators at Tennessee Oncology in a shared goal of fighting cancer in our community.”
Source: Nashville Business Journal
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