1. New reports outline the tremendous population and economic growth in Florida and in Texas. According to new Census data, Florida is the fastest-growing state for the first time since 1957, and Texas is in the mix as well. The Texas gross domestic product grew at 8.2% at the end of 2022, double the U.S. rate and second in the nation according to new data.
  2. Georgia may be the next state to consider repealing its Certificate of Need (CON) law. A group of citizens are pushing for CON reform, while a group of Georgia community hospitals announced plans to fight any legislative effort to repeal the CON law.
  3. HCA has been very active over the past few weeks. Major updates include: a) HCA is in discussions to acquire Wise Health in Texas, a two-hospital system in Dallas-Fort Worth; b) HCA announced plans to build a new 60-bed, $233 million hospital on 40 acres of land near Ashland, VA; and c) HCA acquired 56 acres in Las Vegas for $62 million, although plans for the site haven’t been announced.
  4. Plans for the new IU Health hospital campus in downtown Indianapolis is now expected to cost $4.3 billion. The massive project will include 864 patient beds, along with a variety of health care services.
  5. Healthcare Realty Trust is under contract to sell 34 properties and to contribute 11 to JVs, with the portfolio valued at more than $100 million. 49% of the assets are off-campus, 30% are single-tenant and 12% are non-MOB.
  6. A New York court ruled against the use of eminent domain to acquire land for a Mohawk Valley Health System medical office building project.
  7. The iconic Los Angeles hospital campus that was featured in the soap opera “General Hospital” will be redeveloped into 500 to 600 housing units, including affordable housing.
  8. LTC Properties will invest $128 million in a JV to acquire 12 assisted living/memory care properties in North Carolina. The properties include a combined 937 licensed beds in 568 units.
  9. Omega Healthcare Investors sold 11 underperforming skilled nursing facilities for $129 million and will provide $100 million in seller financing at 8% interest.
  10. CareTrust REIT completed the sale of 5 senior housing facilities in Virginia in an effort to de-risk its portfolio.