In their first-quarter earnings report Wednesday, Healthcare Realty Trust executives said they had spent $21.3 million on acquisitions. The Nashville-based real estate investment trust has since recouped that money and then some by selling some of its properties in Florida.
Healthcare Realty last month sold to Texas-based MedProperties and AW Property out of Palm Beach medical office buildings in the Tampa area as well as farther south in Venice, Bonita Springs and Fort Myers. Combined, the buildings have almost 240,000 square feet.
Separately, the company also sold to AW and New York-based HRE Capital a 34,500-square-foot MOB in Lehigh Acres. In all, the sales put $33.3 million in Healthcare Realty’s bank account, but the company — which owns another dozen or so properties in Florida — said in its quarterly filing with the Securities and Exchange Commission that it expects to book a small impairment charge on the deal.
HCA announced today that it has named Peter Marmerstein as its new West Florida Division president, succeeding Dan Miller.
“Peter is a veteran hospital administrator with more than 30 years experience in multiple settings,” said Chuck Hall, President of HCA’s National Group. “He has a proven track record and has done a great job leading the integration of the two CJW campuses while continuing to foster growth and expand their services. We are pleased to welcome him to the West Florida Division”
In his new position, Marmerstein will oversee "16 hospitals and 16 surgery centers on the west coast of Florida and near Orlando."
Nashville-based Corrections Corp. of America and its main competitor GEO Group won't have a chance to pick up hundreds of millions of dollars in new Florida business after legislators there voted against a plan to privatize more than 20 prisons. GEO's CEO had called the proposal the private prison sector's biggest-ever contract opportunity. Shares of CCA (Ticker: CXW) have held steady over the past few days and are up about 11 percent in the past three months. The company last week beat analysts' estimates with its fourth-quarter earnings.
Florida lawmakers are rapidly approaching a showdown vote on the large prison privatization plan that would give Corrections Corp. of America the chance to win some big new contracts in the southern half of the state. State senators on Monday narrowly voted against an amendment to the plan. But it looks like a final vote on the proposal will result in a deadlock.
SEE ALSO: Florida moves closer to big prison privatization from late last month
A plan to privatize about 30 prisons in the southern part of Florida is headed to that state's Senate soon. The proposal, which has met with opposition from labor unions and some lawmakers, would put Nashville-based Corrections Corporation of America in position to secure many new contracts.
A jury in Jacksonville has awarded a man $178 million — $10 million of the dollar figure punitive — after ruling that doctors at HCA Holdings' Memorial Hospital Jacksonville missed a complication from gastric bypass surgery. As a result, Clay Chandler said he suffered damage to his eyes and brain. HCA officials say they plan to appeal the massive award.
Frozen yogurt chain Sweet CeCe's will next week open the doors to a Jacksonville store that will be its first in Florida. Moving into the Sunshine State gives CeCe Moore's concept a presence in nine states. Also coming soon is an expansion into San Antonio. Check out the chain's growing footprint here.