Newsletters

Obamacare Augments Health Leases

LOS ANGELES-Healthcare companies are signing larger leases to accommodate anticipated growth from the Affordable Care Act next year, but that may be premature JLL's Jason Clark tells GlobeSt.com in this UPDATE to a previous story.

By Kelsi Maree Borland | Updated on December 13, 2013

LOS ANGELES-Several healthcare providers and insurance companies are beginning to augment existing leases or expand into new properties to accommodate anticipated growth from the Affordable Care Act next year. GlobeSt.com recently reported, that L.A. Care Health Plan added an additional 47,306-square-feet of space at the Garland Center in preparation for the ACA rollout. The former Century City Hospital also signed three leases with healthcare providers UCLA, Cedars-Sinai Medical Center and Select Medical valued at $80 million.

While some are crediting ACA with the need for larger medical space, Jason Clark, managing director of Jones Lang LaSalle‘s healthcare group, explains, “The ACA really wasn’t the catalyst to all of the changes going on in healthcare and healthcare real estate. We were already going down a path that was going to create major evolutionary changes in healthcare.” Some of these changes include an aging population, an increase in healthcare delivery costs and cuts in reimbursements rates.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.