BOMA Examines Impact of Capital Crisis on Healthcare Real Estate at Medical Office Buildings Conference

April 30, 2009

Nearly 20 hospital administrators from systems such as The Cleveland Clinic, Children’s Hospital of Philadelphia, and Southwest Washington Medical Center will share their perspectives on key issues at BOMA Intl.’s 2009 Medical Office Buildings and Healthcare Facilities Conference, which will take a close look at the financial health of health systems, how the tight capital markets are affecting the development and leasing of medical office and other healthcare real estate, and how healthcare systems are strategically deploying real estate assets to achieve their goals as healthcare providers.

“With uncertainty in the financial markets, an aging population ever in need of healthcare, and a new administration in Washington, the fast-growing healthcare industry is undergoing significant change,” said Danny Prosky, chair of BOMA’s Medical Office Buildings and Healthcare Facilities Committee and executive vice president, Healthcare Real Estate at Grubb and Ellis Realty Investors. “This conference provides the industry’s best forum for real estate owners, managers, and developers as well as healthcare professionals to address these challenges and meet with other experts who are dealing with them.”

At the conference, which attracts nearly 500 industry practitioners, hospital administrators will discuss topics such as physician integration and new hospital-employed physician models, monetization strategies, and various ambulatory delivery models, including clinics. Leslie Norwalk, healthcare expert and former acting administrator for the Centers for Medicare and Medicaid Services (CMS), will also be there to discuss the future of CMS reimbursements and their implications for healthcare providers: This issue of reimbursement has become more pressing as of late as the growth in healthcare spending continues to outpace inflation.

The conference will also provide an in-depth analysis of the debt and equity markets and insight into leasing and management strategies for healthcare assets. A keynote address offering perspectives on the resiliency of healthcare real estate assets will be delivered by renowned economist Peter Linneman. He will offer insight on the economic crisis and the implications for healthcare providers and their real estate strategies, as well as share his perspective on what the future holds for the capital markets and the capacity of the government stimulus program to revitalize the capital markets, job growth, and other economic conditions.

The 2009 Medical Office Buildings and Healthcare Facilities Conference will take place in Philadelphia, PA, June 24-26. For more information, please visit

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