A follow-up to yesterday’s post on healthcare property investment, here’s a list of the 10 Largest Hospitals in the U.S.:
10. Methodist University Hospital, Memphis, TN
9. Orlando Regional Medical Center, Orlando, FL
8. Baptist Medical Center, San Antonio, TX
7. Methodist Hospital, San Antonio, TX
6. Montefiore Medical Center/Moses Division Hospital, Bronx, NY
5. Methodist Hospital, Indianapolis, IN
4. University of Pittsburgh Medical Center – Presbyterian, Pittsburgh, PA
3. Jackson Memorial Hospital, Miami, FL
2. Florida Hospital, Orlando
1. Presbyterian Hospital, New York City
These hospitals are ranked by their number of beds (that is, patient capacity), with the top hospital in the list–Presbyterian–able to accommodate up to 2,236 patients at a time! Like higher education, healthcare has become a massive, highly profitable industry–one with significant demands for space and facilities.
Yesterday, I pointed out that technological advances have made certain procedures possible outside of a hospital, in a medical office setting. This, in turn, has brought about an increased demand for smaller medical office properties. This doesn’t necessarily detract from hospitals’ influence, however–smaller medical offices have a way of springing up around hospitals.
There are potential investment opportunities in such outlying properties, both for larger healthcare REITs (Ventas, Duke Realty, etc.) and smaller firms as well. (Source: Becker’s Hospital Review and the American Hospital Directory.)