Renovating underused healthcare real estate

May 23, 2017

When renovating underused healthcare real estate, it’s important to be open to different models of real estate delivery and operation, according to an article on the Healthcare Facilities Maintenance website.

Focusing on patient and staff needs can help to identify the facility's role in the community. 

Healthcare system may become a landlord to retail and food tenants, because that’s how it’s able to develop the brand, the article said.

A healthcare system considering a repositioning needs people who can calculate capital expenditure and operating expense, who understand catchment area, market trends and demand, and who can create a business plan.

Read the article.

 

 

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Topic Area: Renovations


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