Tag: Hospital
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Santa Cruz Valley Hospital Sale: Broadstone, Precious Velvet, Reopening Efforts
In early January, the Santa Cruz Valley Regional Hospital, once a healthcare facility catering to the local community, was listed for sale. The owner, Broadstone, a New York-based real estate investment trust, cited the hospital as a distraction within its extensive 800-property portfolio. The Asking Price The asking price for the closed hospital is open…
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Santa Cruz Valley Regional Hospital Listed for Sale by Broadstone
In early January, the Santa Cruz Valley Regional Hospital, located in California, was listed for sale by its owner, Broadstone, a New York-based real estate investment trust. The decision to sell came two months after Broadstone referred to the hospital as a distraction within its extensive 800-property portfolio. Broadstone’s Perspective Broadstone’s CEO, John D. Moragne,…
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Green Valley Hospital Seems Like It Won’t Ever Reopen
A year ago, plans were set in motion to revive the Green Valley hospital, encompassing a meticulous strategy involving inspections, licensing, and staff recruitment. However, a recent turn of events has thrown a curveball into these efforts. Broadstone’s Unexpected Announcement Broadstone, the real estate investment trust based in New York and the owner of the…