Written by Vince Kickirillo, Jordan Tussy & Hunter Hamilton In August 2019, VMG Health published an article titled “Oncology on the Rise: Private Equity Investment in Cancer Care.” This article discussed the emerging interest in the oncology provider industry by private equity (“PE”) firms, most notably through the formation of PE-backed platform practices. Since this… Read More
Written by Victor McConnell, MAI, ASA, CRE, Frank Fehribach, MAI, MRICS, and Grace McWatters *This is Part 4 in VMG’s series on transaction structuring considerations for new developments. The other parts in this series can be found here: Part 1, Part 2, Part 3. This four-part series has provided an overview of the unique considerations… Read More
By Victor McConnell, MAI, ASA, CRE, Frank Fehribach, MAI, MRICS, and Grace McWatters *This is Part 3 in VMG’s series on transaction structuring considerations for new developments. The other parts in this series can be found here: Part 1, Part 2, Part 4. Built-to-Suit: Constructing a New Building? Transaction Structuring, FMV, and Compliance Considerations Are… Read More
By Victor McConnell, MAI, ASA, CRE, Frank Fehribach, MAI, MRICS, and Grace McWatters *This is Part 2 in VMG’s series on transaction structuring considerations for new developments. The other parts in this series can be found here: Part 1, Part 3, Part 4. Built-to-Suit: Constructing a New Building? Transaction Structuring, FMV, and Compliance Considerations Are… Read More
By Victor McConnell, MAI, ASA, CRE, Frank Fehribach, MAI, MRICS, and Grace McWatters *This is Part 1 in VMG’s series on transaction structuring considerations for new developments. The other parts in this series can be found here: Part 2, Part 3, Part 4. Are you constructing a new building, on or off of a hospital… Read More
With the COVID-19 pandemic impacting compensation and productivity levels in 2020, significant changes to wRVU values in the 2021 Medicare physician fee schedule, and the continued industry move from volume to value-based reimbursement and compensation models, VMG previously recommended a cautioned approach to compensation surveys in 2021, 2022 and potentially beyond. While it is still… Read More
Written by Kristin M. Herrmann, MAI and Victor H. McConnell, MAI, ASA, CRE The late Lord Harold Samuel, founder of the UK property company Land Securities, has been credited with coining the expression: “There are three things you need in property, these are: location, location, and location.” [1] While what makes for a “good” location… Read More
Last March, the United States declared a national emergency related to the coronavirus (“COVID-19”) pandemic. At the time and throughout the beginning of the pandemic, meaningful economic factors were unknown including the evolution of the disease, the extent of its economic impact, and the results of steps taken and yet to be taken by the… Read More
Evaluating the replacement cost of the facilities and equipment for your hospital system should involve a formalized, detailed process, whether occurring at regular intervals or on an as-needed basis due to specific events (property damage due to natural or man-made causes, acquisitions, new construction or renovation). There are risks to being over insured or under… Read More
Written by Bartt B. Warner, CVA Noteworthy for investors of ambulatory surgery centers (“ASCs”), the Office of Inspector General (“OIG”) released a favorable (low risk) Advisory Opinion (No. 21-02)1 on April 29th, 2021. The Advisory Opinion reviewed a proposed arrangement (“Arrangement”) in which a health system (“Health System”), manager (“Manager”) and five orthopedic surgeons and… Read More