By Beth Kutscher | April 6, 2015
Ventas' $1.75 billion cash offer for Ardent Medical Services speaks to the booming healthcare real estate market and the potential for hospitals to find new revenue streams in their real estate assets.
The Chicago-based real estate investment trust said Monday that it is planning to buy Ardent from its private equity owner, Welsh, Carson, Anderson & Stowe. Ardent, based in Nashville, operates hospitals under the names BSA Health System in Amarillo, Texas, Hillcrest HealthCare System in Tulsa, Okla., and Lovelace Health System in Albuquerque.
The transaction marks Ventas' entry into the $1 trillion hospital market and “positions us to be a consolidator in this huge, attractive space,” CEO Debra Cafaro said during an analyst call. “We will enhance and broaden our asset class diversification, and therefore our investment opportunities, with the addition of quality U.S. hospital rent.”
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Source: Modern Healthcare News,
H2C Principal Featured in Modern Healthcare News
posted on April 15, 2015
Philip J. Camp, Principal at Hammond Hanlon Camp LLC ("H2C"), was quoted in a recent Modern Healthcare news article.
Read further to learn PJ's insight on the current healthcare real estate market boom.
Modern Healthcare Cover: April 2015
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