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                                              HEALTHCARE REAL ESTATE, CONSTRUCTION, DESIGN & FACILITY


                                                              Colliers Healthcare Real Estate Update



                                               The U.S. and the world                       fessionals, administrators,   could be positive in South Florida.
                                              are facing a tremendous                       and support staff already   The trend toward telehealth should
                                              challenge; the scale of                       underway. Where these posi-  also accelerate, as non-critical visits to
                                              which is unprecedented                        tions are located, how long   hospitals, clinics and physicians’ offices
                                              in recent history. The                        they will exist, and how they   move online to minimize exposure of
                                              spread of the novel coron-                    will be housed while they are   medical staff and limit in-person visits.
                                              avirus (COVID-19) is sig-                     needed is being decided on a   Differences in economic composition
                                              nificantly changing all                       “real time” basis.        could translate into performance varia-
                                              aspects of day-to-day life                      The healthcare industry’s   tions for individual metro markets.
                                              and impacting society, the                    demand curve may be shift-  Cities that have major medical centers
                                              economy and, by exten-                        ed upward as a result of   and/or host biotech, medical device, and
                                              sion, commercial real                         post-crisis policy changes.   pharmaceutical research clusters may
                  THE T  O WER                estate.                   BY ALEXANDER        There is debate over whether   well perform the strongest in this envi-
                       RY
              AT AVER    Y PL  ACE            severity of the COVID-19      BROWN           the U.S. was sufficiently pre-  ronment.
                                               The extent, length and
                                                                                                                        Colliers will continue to track the
                                                                                            pared for a pandemic.
            53   4 4 1 ,  ± SF OFFICE BUILDIN G  pandemic is unknown                        Individual states are proving   impact of COVID-19 across economies,
           PROMINENTL LY  OC ATED ON US-1     and continues to evolve at a rapid pace.   to have different levels of healthcare   markets, and real estate sectors. Across
                      YL
                                              We have already seen entire states and
                                                                                                                      South Florida, we are providing our
                                                                                  capacity relative to the size and potential
              MEDICAL ALLOWED BY RIGHT        countries on lockdown, rising mortality   needs of their populations. These factors   clients with insights to help them under-
                 +300 PARKING SPOTS           rates, widespread layoffs, and a stock   have been thrown into sharp relief by the   stand the potential impact on their busi-
                                                                                                                      ness and community and recommenda-
                                              market collapse into recessionary territo-
                                                                                  coronavirus’s rapid spread.
          AVERRYYTOWERAUCTION COMRYYTOWERAUCTIOON.COM
          AVER                                ry.                                   One result may be an increase in fund-  tions on ways to minimize the impacts,
                                               In South Florida, healthcare should be   ing and staffing for healthcare research,   where possible.
            DA  VID WIGO A                    one of the few economic sectors that will   facilities and equipment, and prepared-     For more information, contact
              AV
                               OD
                                                                                  ness planning. The impacts for the
                                              gain jobs as a result of the pandemic,
             305-428-6342                     with accelerated hiring of medical pro-  healthcare and life science industries   Alexander.Brown@colliers.com.
                                                  E-mail Your Editorial Submissions to editorial@southfloridahospitalnews.com
          LLIC#AB106,AU93
         FL LIC #AB106, A U93 2%BROKER P  2% BR OKER TICIPAR  A TIONN
         A UCTION SUBJECT T O TERMS OF SALE.

















                                                  #     &      .  " * (   '    ) "


                                                   #     & #        !

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                         * ( & ' ' + ) ' '       $      * * " $        *              $    (                    ! * ) ) &                # +                    ' ) #      '  + ( *    $ &

                                                        &
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                        /      /


                    (    *               * )   #                       )          " , (   )                             (               + *                %        ! *          -                  *   # #      & *       &        / # *            %   * ) %
                        % % " " , , # # & & , ,                                            $ $           % % / /             ! ! * *     & &            ) )     " "             / / ( ( * *                                       & &     ) ) + +  ( (     ! ! * *     ! !  (       - -                   % % " "     ( (         ! ! * * # #         ! !
                                         &     ( & #

                     (   + & /        (     ! * #        %   *           %          %   #   *                -          , % "   (   %                         ' &   ( & * )                  ( & *   ( (  Isn’t it time for an independent expert opinion


                      !


                ( &                      !             " # #      ,            &    ! * )             ) (                        (   ' & #             & " ) )           ) " * (     & ( '            ' .                           " , & & ( '                       #   %            & *    on your malpractice insurance coverage?
                 +     & /    !                        * " -           ! *      (    & ( '                     '    ) "        "              ) &  ' #               %         %          !          , # & )   (       %                     ,      $  * )   (                             &     + & /      Not all policies are created equally.  There are many factors to consider when
                &    $  .   # '           *                           ! * #           *   * )   #                       #   (     (      )       %        (                             !    shopping for your malpractice insurance – proper liability limits, tails, triggers,
                                                                                     retroactive coverage, regulatory and cyber protection, purchasing programs... the
                                                                                            options are daunting, and the wrong fit can be disastrous to your practice.

                                                                                     As independent agents specializing in malpractice insurance placement, we are strong
                                                                                     enough within the malpractice insurance marketplace to fully and competently ne-
                                                                                     gotiate the best coverage and pricing for you with the top insurers in the state.
                                                                                                            Call Danna-Gracey at 800.966.2120 for a no-obligation
                                                                                                            assessment of your current malpractice insurance
                                                                                                            policy. Your practice is worth it.
                                                                                          Delray: 54 SE Sixth Avenue, Delray Beach, FL  33483 • 800.966.2120 • Fax 888.235.5008
                                                                                         Orlando: 541 Lake Como Circle, Orlando , FL   32803 • 888.496.0059 • Fax 407.896.0079
                                                                                           Delray Beach • Jacksonville • Miami • Orlando • Panama City
                                                                                                      info@dannagracey.com • www.dannagracey.com
                                                                                           800.966.2120 • info@dannagracey.com • www.dannagracey.com
         20                       June 2020                                                                southfloridahospitalnews.com                                                                       South Florida Hospital News
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