MedCraft Investment Partners

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Join MedCraft and AMFP Upper Midwest on July 22 for a summer networking event on the MedCraft patio from 3:00 - 5:00 pm....
07/07/2025

Join MedCraft and AMFP Upper Midwest on July 22 for a summer networking event on the MedCraft patio from 3:00 - 5:00 pm. This event is free for members and non-members. We hope you will join us!

Visit amfp.org to register.

MedCraft is seeking an Investment Associate to join our team in the Chicago area. Looking for an entrepreneurial and dri...
05/22/2025

MedCraft is seeking an Investment Associate to join our team in the Chicago area. Looking for an entrepreneurial and driven Associate to assist in a range of activities including acquisition, portfolio management and asset management to support our growth.

The Associate will have an immediate opportunity to impact MedCraftโ€™s long-term success and will be a core, early player on a flat and growing team, interacting directly with Principals, sellers/brokers, and investors. Candidates should possess broad-based analytical skills, strong financial underwriting skills, superior communication skills, and proven research skills. Candidates must be able to efficiently allocate time between multiple tasks, changing priorities, tight deadlines and provide analytical support.

Interested candidates contact Jay Soave at [email protected]

Join MedCraftโ€™s Kyal Klawitter as he moderates a dynamic panel on Strategic and Capital Planning at the 2025 AMFP Upper ...
05/12/2025

Join MedCraftโ€™s Kyal Klawitter as he moderates a dynamic panel on Strategic and Capital Planning at the 2025 AMFP Upper Midwest Strategic Planning Healthcare Summit, taking place Tuesday, May 13 at Midland Hills Country Club in Roseville, MN.

This expert-led discussion will highlight the critical role of facility condition assessments in long-term healthcare planning. Panelists include:

๐Ÿ”น Eric Krause, CHFM, CHC โ€“ Allina Health
๐Ÿ”น Eric Siskow, CHFM, CHC โ€“ Gillette Childrenโ€™s Childrenโ€™s
๐Ÿ”น Kristian Thonvold, CHC โ€“ M Health Fairview Health Services

This annual half-day summit brings together healthcare leaders to explore key issues facing our industry, featuring three focused panels:
1๏ธโƒฃ Strategic and Capital Planning
2๏ธโƒฃ Staffing: Challenges, Resources & Recruitment
3๏ธโƒฃ Sustainability in Healthcare Operations

Donโ€™t miss this opportunity to connect, learn, and lead the conversation on the future of healthcare facility strategy. Visit amfp.org to register.

MedCraft will be attending the BOMA Medical Real Estate Conference in Denver next week. Weโ€™re looking forward to engagin...
04/30/2025

MedCraft will be attending the BOMA Medical Real Estate Conference in Denver next week. Weโ€™re looking forward to engaging with peers across the industry to explore the latest trends and opportunities in healthcare real estate. If youโ€™ll be there too, weโ€™d welcome the chance to connect and collaborate. Reach out to one of us to schedule a time to meet: Eric Carmichael, Jon Lewin, Jessica Anderson, Jay Soave, Michael Bennett, Alice Soave.

๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐—™๐—ฎ๐—ฐ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—™๐—ฒ๐—ฎ๐˜€๐—ถ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—˜๐˜…๐—ฝ๐—ฒ๐—ฟ๐˜๐—ถ๐˜€๐—ฒ: ๐—” ๐—–๐—ผ๐—บ๐—ฝ๐—ฟ๐—ฒ๐—ต๐—ฒ๐—ป๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„We recently shared a series of issues that often affe...
11/05/2024

๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐—™๐—ฎ๐—ฐ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—™๐—ฒ๐—ฎ๐˜€๐—ถ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—˜๐˜…๐—ฝ๐—ฒ๐—ฟ๐˜๐—ถ๐˜€๐—ฒ: ๐—” ๐—–๐—ผ๐—บ๐—ฝ๐—ฟ๐—ฒ๐—ต๐—ฒ๐—ป๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„
We recently shared a series of issues that often affect the feasibility of new ambulatory facility projects and our approach to successfully addressing these issues. Visit MedCraft.com/news for access to each article below.

๐Ÿ› ๏ธ ๐—–๐—ฎ๐—ฝ๐—ฎ๐—ฐ๐—ถ๐˜๐˜† ๐—ฃ๐—น๐—ฎ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—˜๐˜€๐˜€๐—ฒ๐—ป๐˜๐—ถ๐—ฎ๐—น๐˜€: Effective capacity planning is essential for determining healthcare facility size and scope, ensuring project success while mitigating long-term economic risks and planning for future growth.

๐Ÿ“ ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฐ ๐—ฆ๐—ถ๐˜๐—ฒ ๐—ฆ๐—ฒ๐—น๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป: Applying retail strategies, conducting the necessary due diligence, and protecting your confidentiality are often the key drivers of acquiring the right site for the right costs.

๐Ÿ—๏ธ ๐—ฅ๐—ฒ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ข๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐—ถ๐—ฒ๐˜€: Transforming existing retail and office buildings into healthcare facilities requires a thorough upfront analysis to determine the suitability, cost-effectiveness, and timeliness of achieving the healthcare delivery goals.

๐Ÿ“Š ๐—–๐—ผ๐˜€๐˜ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฒ๐˜€: Applying effective cost-management, quality, and schedule management tools set the foundation for a financially viable and timely facility.

๐Ÿ’ฐ ๐—ข๐—ฝ๐˜๐—ถ๐—บ๐—ฎ๐—น ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฒ๐˜€: Determining the optimal financing strategy for a new facility project requires a thorough understanding and balancing of the underlying business plan, capital, and physician alignment goals.

๐Ÿค ๐—ฅ๐—ฒ๐—ฎ๐—น ๐—˜๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐—๐—ผ๐—ถ๐—ป๐˜ ๐—ฉ๐—ฒ๐—ป๐˜๐˜‚๐—ฟ๐—ฒ๐˜€: Appropriately structured real estate investment opportunities can serve as an effective physician recruitment tool by providing physicians with a long-term investment opportunity.

If any of these issues apply to your situation, our team is available to help identify and implement the solution that is best for you.

๐Ÿ”— MedCraft.com
โœ‰๏ธ [email protected]
โ˜Ž๏ธ (952) 829-3488

๐Ÿ“ข ๐— ๐—ฒ๐—ฑ๐—–๐—ฟ๐—ฎ๐—ณ๐˜ ๐—ฎ๐—ป๐—ฑ ๐—›๐—ฎ๐—ฟ๐—ฟ๐—ถ๐˜€๐—ผ๐—ป ๐—ฆ๐˜๐—ฟ๐—ฒ๐—ฒ๐˜ ๐—”๐—ฐ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ ๐—ฆ๐—ถ๐˜€๐˜๐—ฒ๐—ฟ๐˜€ ๐—š๐—ฟ๐—ผ๐˜ƒ๐—ฒ ๐— ๐—ฒ๐—ฑ๐—ถ๐—ฐ๐—ฎ๐—น ๐—ฃ๐—ฎ๐˜ƒ๐—ถ๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—–๐—ผ๐—น๐—ผ๐—ฟ๐—ฎ๐—ฑ๐—ผ ๐—ฆ๐—ฝ๐—ฟ๐—ถ๐—ป๐—ด๐˜€MedCraft in conjunction with it...
10/30/2024

๐Ÿ“ข ๐— ๐—ฒ๐—ฑ๐—–๐—ฟ๐—ฎ๐—ณ๐˜ ๐—ฎ๐—ป๐—ฑ ๐—›๐—ฎ๐—ฟ๐—ฟ๐—ถ๐˜€๐—ผ๐—ป ๐—ฆ๐˜๐—ฟ๐—ฒ๐—ฒ๐˜ ๐—”๐—ฐ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ ๐—ฆ๐—ถ๐˜€๐˜๐—ฒ๐—ฟ๐˜€ ๐—š๐—ฟ๐—ผ๐˜ƒ๐—ฒ ๐— ๐—ฒ๐—ฑ๐—ถ๐—ฐ๐—ฎ๐—น ๐—ฃ๐—ฎ๐˜ƒ๐—ถ๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—–๐—ผ๐—น๐—ผ๐—ฟ๐—ฎ๐—ฑ๐—ผ ๐—ฆ๐—ฝ๐—ฟ๐—ถ๐—ป๐—ด๐˜€

MedCraft in conjunction with its longtime partner, Harrison Street have acquired the Sisters Grove Medical Pavilion, a premier 108,204-square-foot medical outpatient facility located on the campus of CommonSpirit Health Mountain Region St. Francis Hospital in Colorado Springs, Colorado. Itโ€™s direct connectivity to the 257-bed hospital allows seamless transition for providers and patients alike.

The Sisters Grove Medical Pavilion offers a range of specialty healthcare services, featuring an ambulatory surgery center managed by Audubon Ambulatory Surgery Center, a full-service imaging center operated by PENRAD Imaging, and multiple specialty tenants, including womenโ€™s health services, with CommonSpirit Health as the anchor tenant.

โ€œMedCraft is pleased to continue its partnership with CommonSpirit Health through the acquisition of the Sisters Grove Medical Pavilion,โ€ said Jon Lewin, Principal at MedCraft. โ€œThis acquisition aligns with our strategy of investing in high-quality healthcare facilities in growing markets and supporting health systems in delivering exceptional patient care to their communities.โ€

A special thank you and shoutout to:
CommonSpiritโ€™s Bill Martin and Chris Daigneault
CBREโ€™s Chris Bodnar, Cole Reethof, Lee Diamond
Harrison Streetโ€™s Mark Burkemper, George Ross, Dave Liu, and Sean Casey

๐Ÿ”— Access to full article at MedCraft.com/news

Selecting the ๐—ข๐—ฝ๐˜๐—ถ๐—บ๐—ฎ๐—น ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜† for a healthcare facility project is a multifaceted process that depends on sev...
10/09/2024

Selecting the ๐—ข๐—ฝ๐˜๐—ถ๐—บ๐—ฎ๐—น ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜† for a healthcare facility project is a multifaceted process that depends on several factors:

โ€ข Level of business risk with the programs or services
โ€ข Location and proximity to a hospital campus
โ€ข Market demographics
โ€ข Building occupant tenant mix
โ€ข Creditworthiness of the organization

There are a variety of ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—ฆ๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ๐˜€ that can provide the optimal value:

1. ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐——๐—ฒ๐—ฏ๐˜ ๐Ÿฆ The debt and bond markets for healthcare providers with strong credit ratings and balance sheets continue to be a reliable source of capital. As the financial markets enter what is anticipated to be a period of de-escalation, interest rates and terms should become more favorable for the right facility project.

2. ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜-๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฒ๐—ฑ ๐—ฃ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฎ๐—บ๐˜€ ๐Ÿ›๏ธ For healthcare providers in rural communities, the USDA provides competitive financing for new facility projects. As a government funded program, it does bring certain complexities that must be navigated and managed.

3. ๐—”๐—น๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด โšก Financing projects with a preferred development partner can be an efficient and cost-effective source of financing particularly when there is a high level of business risk, occupancy involves third-parties, joint venture programs, or speed to market is critical. Because the value of the financing is based on the terms of the lease, it may preserve balance sheet capacity for other strategic investments.

4. ๐—–๐—ต๐—ฎ๐—ฟ๐—ถ๐˜๐—ฎ๐—ฏ๐—น๐—ฒ ๐—Ÿ๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ฆ๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ๐˜€ ๐Ÿ’ต For not-for-profit providers with investment grade credit, bondable lease structures provide the balance sheet benefits of a traditional lease at lower interest rates, exemptions from taxes, and beneficial purchase options make it a worthy consideration.

For access to the full article visit ๐— ๐—ฒ๐—ฑ๐—–๐—ฟ๐—ฎ๐—ณ๐˜.๐—ฐ๐—ผ๐—บ/๐—ก๐—ฒ๐˜„๐˜€ or email ๐—บ๐—ฐ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜๐—ถ๐—ป๐—ด@๐—บ๐—ฒ๐—ฑ๐—ฐ๐—ฟ๐—ฎ๐—ณ๐˜.๐—ฐ๐—ผ๐—บ

๐Ÿ“Š ๐—–๐—ผ๐˜€๐˜ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ณ๐—ผ๐—ฟ ๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐—™๐—ฎ๐—ฐ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜ ๐—ฆ๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€Laying a solid financial foundation early in the planning proce...
09/27/2024

๐Ÿ“Š ๐—–๐—ผ๐˜€๐˜ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ณ๐—ผ๐—ฟ ๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐—™๐—ฎ๐—ฐ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜ ๐—ฆ๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€

Laying a solid financial foundation early in the planning process is critical to the success of any new facility development. It sets the stage for effective cost management, ensuring that all aspects of the project are financially viable and well-coordinated from the outset. By establishing a comprehensive budget early on, project leaders can accurately estimate costs, allocate resources efficiently, and anticipate potential financial challenges.

๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ผ๐—ป๐—ฒ๐—ป๐˜๐˜€ ๐—ผ๐—ณ ๐—ฃ๐—น๐—ฎ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—ฎ๐—ป๐—ฑ ๐—–๐—ผ๐˜€๐˜ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜

๐Ÿ’ฐ ๐—•๐˜‚๐—ฑ๐—ด๐—ฒ๐˜ ๐—–๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น โ€“ Cost estimation and early budgeting allows for a more accurate estimation of the overall project costs and cash flow, including construction, materials, labor.

๐Ÿ•’ ๐—ง๐—ถ๐—บ๐—ฒ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ โ€“ Establishing a detailed timeline and critical path schedule serves as a foundation to any project. It also ensures transparency and consensus on key-milestones.

๐Ÿ›ก๏ธ ๐—ค๐˜‚๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—”๐˜€๐˜€๐˜‚๐—ฟ๐—ฎ๐—ป๐—ฐ๐—ฒ โ€“ Maintaining quality standards and conducting consistent reviews throughout helps maintain a high quality and the ability to address issues promptly.

๐Ÿ”„ ๐—™๐—น๐—ฒ๐˜…๐—ถ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐—”๐—ฑ๐—ฎ๐—ฝ๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† โ€“ A well-planned project with a clear scope can adapt more easily to changes or unforeseen circumstances without significant disruptions and can flex in size based on project needs or external factors.

๐Ÿงฉ ๐—œ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐——๐—ฒ๐—ฐ๐—ถ๐˜€๐—ถ๐—ผ๐—ป-๐— ๐—ฎ๐—ธ๐—ถ๐—ป๐—ด โ€“ Engaging key stakeholders in the decision-making process to ensure an informed, data-driven, and transparent process.

โš™๏ธ ๐—˜๐—ป๐—ต๐—ฎ๐—ป๐—ฐ๐—ฒ๐—ฑ ๐—ฃ๐—ฒ๐—ฟ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—˜๐—ณ๐—ณ๐—ถ๐—ฐ๐—ถ๐—ฒ๐—ป๐—ฐ๐˜† โ€“ Streamlining processes with planning and cost management reduces waste, optimizes operations, maximizes productivity, and drives positive results.

We cannot underscore enough the importance of having an established budget and timeline early in the process. Having these key considerations as helps mitigate unforeseen challenges. Contact us to learn how our team can help with your next project ๐—บ๐—ฐ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜๐—ถ๐—ป๐—ด@๐—บ๐—ฒ๐—ฑ๐—ฐ๐—ฟ๐—ฎ๐—ณ๐˜.๐—ฐ๐—ผ๐—บ

๐Ÿฅ ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฐ ๐—ฆ๐—ถ๐˜๐—ฒ ๐—ฆ๐—ฒ๐—น๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป: ๐—ง๐—ต๐—ฒ ๐—œ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐—ง๐—ถ๐—บ๐—ฒ๐—น๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ฎ๐—ป๐—ฑ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—”๐˜„๐—ฎ๐—ฟ๐—ฒ๐—ป๐—ฒ๐˜€๐˜€ ๐—ถ๐—ป ๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐—˜๐˜…๐—ฝ๐—ฎ๐—ป๐˜€๐—ถ๐—ผ๐—ปAs ambulatory servi...
09/19/2024

๐Ÿฅ ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฐ ๐—ฆ๐—ถ๐˜๐—ฒ ๐—ฆ๐—ฒ๐—น๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป: ๐—ง๐—ต๐—ฒ ๐—œ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐—ง๐—ถ๐—บ๐—ฒ๐—น๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ฎ๐—ป๐—ฑ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—”๐˜„๐—ฎ๐—ฟ๐—ฒ๐—ป๐—ฒ๐˜€๐˜€ ๐—ถ๐—ป ๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐—˜๐˜…๐—ฝ๐—ฎ๐—ป๐˜€๐—ถ๐—ผ๐—ป

As ambulatory services and community outreach grow, healthcare providers are increasingly seeking convenient locations, whether in emerging greenfield communities or infill sites in urban and suburban markets. Providers are adopting a strategic approach similar to traditional retailers, prioritizing prime locations.

โณ๐—ง๐—ถ๐—บ๐—ฒ๐—น๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ถ๐—ป ๐—ฃ๐—น๐—ฎ๐—ป๐—ป๐—ถ๐—ป๐—ด
A key but often overlooked aspect of strategic planning is the timeliness of implementation. Retailers typically identify target markets years in advance, allowing flexibility to adjust based on changing business and market conditions. However, many healthcare organizations rush into ex*****on without fully considering local market dynamics or the value of patience in acquiring new sites.

๐Ÿ“Š ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—”๐˜„๐—ฎ๐—ฟ๐—ฒ๐—ป๐—ฒ๐˜€๐˜€
By carefully tracking market conditions, organizations can secure prime locations at reduced costs or uncover opportunities requiring a longer timeline, such as property aggregation. For example, on behalf of a health system client, we recently facilitated the strategic acquisition of 110 acres of greenfield land, comprising 19 parcels, over 2.5 years for a future hospital campus relocation. Careful considerations in the negotiation process ensured the parcels were acquired for less than their aggregated value, providing both savings and greater flexibility in expanding services at the site.

Visit www.medcraft.com/news for access to the full article and ๐Ÿ› ๏ธ ๐—ฅ๐—ฒ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—™๐—ผ๐—ฟ ๐—ฆ๐—ถ๐˜๐—ฒ ๐—ฃ๐—น๐—ฎ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—ก๐—ฒ๐˜„ ๐—™๐—ฎ๐—ฐ๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€

Let us help you navigate the complexities of finding the ideal site for your future development project. Leverage our team of experts, exclusively committed to healthcare, backed by decades of experience. Contact us for an informal conversation about how we can partner to meet your needs and make your life easier, reach us at ๐—บ๐—ฐ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜๐—ถ๐—ป๐—ด@๐—บ๐—ฒ๐—ฑ๐—ฐ๐—ฟ๐—ฎ๐—ณ๐˜.๐—ฐ๐—ผ๐—บ

www.medcraft.com/news

๐Ÿ—๏ธ ๐—ฅ๐—ฒ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ผ๐—ณ ๐—˜๐˜…๐—ถ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ข๐—ณ๐—ณ๐—ถ๐—ฐ๐—ฒ ๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด๐˜€ ๐ŸฅAs healthcare organizations evaluate locations for a new ambul...
09/19/2024

๐Ÿ—๏ธ ๐—ฅ๐—ฒ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ผ๐—ณ ๐—˜๐˜…๐—ถ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ข๐—ณ๐—ณ๐—ถ๐—ฐ๐—ฒ ๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด๐˜€ ๐Ÿฅ
As healthcare organizations evaluate locations for a new ambulatory care facility, redevelopment of existing office and retail buildings can provide a viable option with potential benefits including: speed to market, high traffic areas, and repurposing underutilized buildings. To realize these benefits, we recommend a thorough evaluation of the following:

๐Ÿ”‘ ๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—ป๐˜€๐—ถ๐—ฑ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฅ๐—ฒ๐—ฝ๐˜‚๐—ฟ๐—ฝ๐—ผ๐˜€๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น ๐—ฆ๐—ฝ๐—ฎ๐—ฐ๐—ฒ

๐Ÿญ. ๐——๐˜‚๐—ฒ ๐——๐—ถ๐—น๐—ถ๐—ด๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—ง๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด: Understand the buildingโ€™s current state and historical uses. Obtain as-built plans, conduct environmental assessments, site surveys, title, asbestos, lead paint, mold, and indoor air quality to determine the costs of environmental remediation.

๐Ÿฎ. ๐—ฃ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฎ๐—บ ๐—™๐˜‚๐—ป๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น๐—ถ๐˜๐˜†: Retail and office locations are not designed for healthcare, itโ€™s important to determine how healthcare programs fit within the building configuration. Develop fit plans to determine whether the building supports operational efficiency and functionality.

๐Ÿฏ. ๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ: Retail and office structures are often designed to lower structural loading criteria. Evaluate load capacities and structural integrity to support additional loads required for major medical equipment and higher intensity uses. Consider if modifications for floor-to-roof heights and new windows can be implemented cost-effectively.

๐Ÿฐ. ๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐—ฆ๐˜†๐˜€๐˜๐—ฒ๐—บ๐˜€: Commercial buildings typically have basic plumbing and HVAC systems that require enhancements to meet requirements of healthcare uses such as exam room pluming, sterilization, and stringent HVAC ventilation for infection control. Assess the existing electrical system for capacity, safety and plan for necessary upgrades and back-up power.

Additional considerations available at ๐˜„๐˜„๐˜„.๐—บ๐—ฒ๐—ฑ๐—ฐ๐—ฟ๐—ฎ๐—ณ๐˜.๐—ฐ๐—ผ๐—บ/๐—ป๐—ฒ๐˜„๐˜€ and link ๐—ต๐—ผ๐˜„ ๐˜„๐—ฒ ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐˜„๐—ถ๐˜๐—ต ๐—ฌ๐—ฎ๐—น๐—ฒ ๐—ก๐—ฒ๐˜„ ๐—›๐—ฎ๐˜ƒ๐—ฒ๐—ป ๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต with the redevelopment of a vacant Macyโ€™s in CT.

๐Ÿš€ ๐—–๐—ฎ๐—ฝ๐—ฎ๐—ฐ๐—ถ๐˜๐˜† ๐—ฃ๐—น๐—ฎ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—ณ๐—ผ๐—ฟ ๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐˜€ ๐ŸฅA successful healthcare development project always starts with ...
08/30/2024

๐Ÿš€ ๐—–๐—ฎ๐—ฝ๐—ฎ๐—ฐ๐—ถ๐˜๐˜† ๐—ฃ๐—น๐—ฎ๐—ป๐—ป๐—ถ๐—ป๐—ด ๐—ณ๐—ผ๐—ฟ ๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐˜€ ๐Ÿฅ
A successful healthcare development project always starts with a sound business plan that clearly defines a projectโ€™s success, the underlying risk factors, and the investment of capital and human resources that are required to get the project off the ground. There are several components of a business plan that are particularly important for helping shape a facility plan. The first of which is capacity planning.

๐Ÿ“ˆ ๐—ฉ๐—ผ๐—น๐˜‚๐—บ๐—ฒ ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€: An essential and critical driver of facility capacity planning that ultimately determines the overall size and scope of a healthcare facility. Most often, a new facility project is intended to support the growth of an existing service or the establishment of a new service. There are many factors that help shape the projections such as:

โ€ข the unmet need in a particular service area
โ€ข physician recruitment and utilization
โ€ข market demographic trends
โ€ข consumer preferences
โ€ข technology and medical advances

While we would expect volume projections to be a precise science, we know from experience that the actual performance can vary widely for a variety reasons. Building it too small risks outgrowing the facility within a matter of a few years. Conversely, building it too large and you risk carrying excessive fixed overhead costs without the necessary supporting revenue.

๐Ÿ“๐—ฅ๐—ฒ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ถ๐˜‡๐—ถ๐—ป๐—ด ๐—™๐—ฎ๐—ฐ๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€

๐Ÿญ. ๐—”๐—ฝ๐—ฝ๐—น๐˜† ๐—˜๐—ณ๐—ณ๐—ถ๐—ฐ๐—ถ๐—ฒ๐—ป๐˜ ๐—ฃ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ฐ๐—ฒ๐˜€
๐Ÿฎ. ๐—”๐˜ƒ๐—ผ๐—ถ๐—ฑ ๐—จ๐—ป๐—ป๐—ฒ๐—ฐ๐—ฒ๐˜€๐˜€๐—ฎ๐—ฟ๐˜† ๐—ฆ๐—ต๐—ฒ๐—น๐—น๐—ฒ๐—ฑ ๐—ฆ๐—ฝ๐—ฎ๐—ฐ๐—ฒ๐˜€
๐Ÿฏ. ๐—ฃ๐—น๐—ฎ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—›๐—ผ๐—ฟ๐—ถ๐˜‡๐—ผ๐—ป๐˜๐—ฎ๐—น ๐—˜๐˜…๐—ฝ๐—ฎ๐—ป๐˜€๐—ถ๐—ผ๐—ป
๐Ÿฐ. ๐—ง๐—ต๐—ถ๐—ป๐—ธ ๐—Ÿ๐—ถ๐—ธ๐—ฒ ๐—ฎ ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น๐—ฒ๐—ฟ

Visit www.MedCraft.com/news for access to the full article and recommendations.

Over the next few weeks, weโ€™ll be diving into key topics to help healthcare providers navigate the complexities of ambul...
08/20/2024

Over the next few weeks, weโ€™ll be diving into key topics to help healthcare providers navigate the complexities of ambulatory care projects. Hereโ€™s what you can look forward to:

๐Ÿ› ๏ธ Pre-Development and Capacity Planning
A successful project starts with a good plan. Learn how to benefit from a developer-led process even if you plan to fund the project yourself.

๐Ÿ“ New Ambulatory Development/Site Selection
Learn about selecting the perfect site for your new ambulatory project, validating the need for development, and the key factors to consider.

๐Ÿ—๏ธ Redevelopment/Repurposing of Existing Building
Explore how to effectively redevelop or repurpose your current facilities to meet new demands.

๐Ÿ“Š Cost Management
Get insights into effective project management that saves you time, money, and resources.

๐Ÿ’ฐ Capital Planning
Understand the essentials of capital planning to secure funding for your ambulatory initiatives.

๐Ÿค Joint Ventures
Discover the benefits of joint ventures and how to create long-term alignment with independent physicians and provider organizations.

Stay tuned for expert advice from a team that has been developing healthcare real estate for 40+ years. Contact us for an informal conversation about how we can partner to meet your needs and make your life easier, reach us at [email protected]

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