What should be considered when dealing with a hospital that is scheduled to close?

WP-Real-Estate-Options-for-Hospital-Closures-1“About 40% of today’s hospitals were built in the 1950s, 1960s and 1970s, which means that most of these approximately 2,000+ hospitals are either partially or fully functionally obsolete.”

One of the primary challenges facing hospital management / ownership in these situations is what to do with the closed facility.

When it comes to establishing the “next phase” of a closed hospital, there are three primary alternatives to consider:

  • Repurposing
  • Redeveloping
  • Selling
Each of these options presents its own unique set of challenges, which are discussed in this latest RTG white paper providing insights for health system management teams to understand their best option.