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Article: Hospital Real Estate: Ownership Structures, Policies and Procedures.
- Article from:
- San Diego Business Journal
- Article date:
- August 28, 2000
CopyrightCOPYRIGHT 2000 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Real estate can represent from 35 to 50 percent of the total net assets of a healthcare system. Hospital organizations need to adapt approaches long employed by Fortune 500 corporations and "measure" these assets in order to be able to answer the question: Does the return on real estate assets meet or exceed the return on projects more directly related to the organization's core activities?
The millions of dollars tied up in real estate can represent a tremendous burden for many healthcare organizations with current demands on capital to finance growth, upgrade information systems and other medical technology.
How an organization handles real estate ...