Niche Investment Strategies - Paul Wexler
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Niche Investment Strategies - Paul Wexler

on

  • 581 views

 

Statistics

Views

Total Views
581
Views on SlideShare
581
Embed Views
0

Actions

Likes
0
Downloads
1
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Niche Investment Strategies - Paul Wexler Presentation Transcript

  • 1. The Rising Cost of HealthcareCenters for Medicare & Medicaid Services
  • 2. The Hospital / Physician Relationship • Physicians are transitioning back to hospital employment • Physician reimbursements are going down, while costs are going up • Younger physicians are attracted to the stability of an employer/employee structure and the opportunity to spend more time with their families • 85-90% of independent physicians will consolidate into some type of system. (*2011 BOMA Medical Office Conference) • How will these shifts impact the healthcare real estate market?
  • 3. Demand for Medical Space• The employment of physicians by hospitals creates higher demand for space from health systems and reduces the demand for smaller individual medical office spaces• There is a need for new, well designed, efficient medical space.• Typical medical office leases: – In years past: 1,000-3,000 SF for 1 to 3 physicians – Today: 5,000-8,000 SF for up to 8 or 9 physicians• New York City, in particular, lacks large blocks of quality medical space to meet current and expected future demands
  • 4. Ambulatory Surgery Centers (ASCs) • Traditionally located adjacent to or in close proximity to a hospital • Base cost for developing an ASC is substantially higher than a medical office building • Construction, equipping and licensing a surgery center on average ranges from twelve to fifteen months • ASCs can operate more cost effectively and efficiently than hospital based surgery and are more desirable to both patients and doctors alike