Articles and Blogs

While institutional investor groups are a major acquirer of medical outpatient buildings (MOBs), the past 18 months have seen a surge in “reverse monetizations” where hospitals and health systems are buying (or buying back) such buildings. Hospitals purchased $2.8B worth of MOBs in 2024 and $761M in 1H 2025, accounting for about 23 percent of…Read More

On June 9, 2025, the Trump Administration’s sweeping travel ban took effect, suspending entry for citizens of twelve countries and imposing partial restrictions on nationals from seven more.[1] The measure was introduced as part of a broader effort to address national security and vetting concerns, signaling that the restrictions were only the beginning of a…Read More

Health care continues to drive private equity (“PE”) activity, creating opportunities for investors and traditional health care providers. Transactions in the health care space are especially complicated, layering health care regulatory and reimbursement considerations on top of a complex securities, antitrust, privacy and security framework. Hall Render’s PE team of attorneys and advisors leverage the…Read More

On July 4, 2025, President Trump signed into law the “One Big Beautiful Bill Act” (“Reconciliation Package”). The large-scale Medicaid cuts contained in the Reconciliation Package, coupled with recent trends of increased federal and state scrutiny of health care transactions, are expected to result in smaller, independent or rural hospitals looking for non-traditional avenues to…Read More

According to CBRE, medical outpatient building (MOB) transaction volume increased 32% in Q2 with $2.2 billion in investments. Phoenix was the top market in terms of investment volume, followed by Los Angeles and Washington, D.C. The average MOB cap rate was 7.4%. The average sale price per square foot was $277, which is 40% more…Read More

The North Carolina Medical Facilities Plan has identified a need for 267 more hospital beds in Wake County, NC. Duke Health, Novant Health, UNC Health and WakeMed have all filed proposals for projects in the area. Children’s hospitals are performing well today, but experts believe Medicaid cuts that go into effect next year could significantly…Read More

On August 7, 2025, the Wisconsin State Legislature passed Assembly Bill 257, known as the “APRN Modernization Act.” This legislation, approved by Governor Evers, creates a new advanced nursing licensure category for “advanced practice registered nurses” (“APRNs”) and, for the first time, allows qualifying APRNs to practice independently without the need for a collaborative practice…Read More

Health care joint ventures can create an important vehicle for combining resources and expertise, in addition to improving health care product and service access. However, these arrangements often come with complex legal, regulatory and operational challenges that may affect timelines and the profitability of these arrangements. Significant delays or modifications to the anticipated commencement of…Read More