Improperly administered healthcare real estate lease arrangements with referral sources can expose healthcare providers to significant liability under the Stark Law and even the Anti-Kickback Statute. In addition to common issues such as expired leases and inaccurate rent escalations, “space creep” is another common concern. Space...
Since 2017, health care mergers and acquisitions have repeatedly hit record-breaking numbers.[1] Mergers and acquisitions allow health care providers to, among other things, increase access to care, improve quality of care, enter new geographic markets, retain or even increase market share, and increase revenues thereby helping...
Leaders from Realty Trust Group, University of Tennessee Medical Center and OrthoTennessee broke ground Oct. 26 for a freestanding orthopedic ambulatory surgery center with physicians and team members committed to providing outstanding patient care and advancing orthopedic research. UT Medical Center’s Advanced Orthopaedic Institute will be...
Even in a pre-COVID world, healthcare providers of all sizes were being challenged to re-shape their businesses in response to the ever-shifting healthcare landscape. Although we do not yet know the full extent and long-term impact of COVID-19 on healthcare providers (and the national economy...
Realty Trust Group has recently brokered the $18.5 million acquisition of a 140,000 square foot commercial office building located in Greensboro’s premier office park known as Green Valley Office Park. RTG’s Adam Luttrell, Vice President of Advisory Services, represented the purchaser, Cone Health, in the...
Healthcare real estate transactions are different from other commercial real estate transactions because they involve an array of laws and regulations that are unique to the healthcare sector. In particular, the Stark Law may be implicated when a healthcare provider sells or leases real estate...
As we hopefully approach the other side of the COVID-19 curve, the fallout from the crisis may actually present a strategic opportunity for health care providers to expand their real estate footprint into nearby retail space. In the past decade, there has been a noticeable movement...
To avoid liability under the Stark Law, health systems’ real estate arrangements with physicians and other referral sources must, among other requirements, be predicated on terms that are consistent with fair market value. Health systems often rely on internal real estate departments, internal legal teams,...
The impacts of COVID-19 on the overall healthcare industry and, specifically, on private physician practices, has left many groups reassessing the level of risk they are willing to bear and reconsidering the long-term viability of independent practice and evaluating whether alignment with a hospital or...
It's good to know in these unprecedented times we have colleagues like Greg Bellina, RTG Operations Manager on the front lines fighting against this pandemic. Greg's extensive knowledge about property management is evident in this article "Ongoing Operations Changes with COVID-19" where he talks about finding...
