Modern Healthcare

30 July 2015

With the announcement of the Capella sale, hospitals across the country are asking themselves, “How much do [we] have to own, compared to lease?” notes Craig Acosta, a health care expert at Kurt Salmon, in a conversation with Modern Healthcare. Acosta explains that this is an especially timely question, as in 10 years the health care landscape will look very different.

But in today’s environment, Acosta notes that some hospitals have already chosen to partner with real estate developers on ambulatory care centers, with the developer owning the real estate and the hospital holding the lease.

As hospitals face the question of how to reinvent their business while simultaneously investing in other expensive areas, Acosta explains that separating the clinical side from the real estate side gives them more flexibility. “They can use their capital in other ways.” 

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