LYCOS RETRIEVER 
Health Care Reit: Hospitals
built 678 days ago
"Health Care REIT is a significant force in heath care real estate financing, " said CEO and Chairman of the Board W. Earl Reed, III. "This agreement will advance our efforts to develop hospitals in underserved markets to meet the needs of patients who can benefit from our long term acute care hospital services."
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It was another sick year for health care services, as hospitals, HMOs and nursing homes all came under pressure to adapt to significant changes in Medicare funding and reimbursement systems. Managed-care stocks climbed 15% last year, but hospital stocks were off an average 22% and long-term-care providers were off 56%. Mergers and acquisitions slowed in the HMO sector but remained brisk in long-term care, with more than $10 billion in deals.
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Real estate investment trusts (REITs) are a growing source of financing for the health care industry. In order to monetize assets, hospitals and health systems increasingly turn to third-party ownership alternatives, such as REITs. Health care companies, particularly hospitals, can run more efficiently if their available capital is devoted to operations rather than tied up in real estate.
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