Investor and developer Chad Henderson learned a tough lesson in 2007 and 2008 when real estate market crashed. The circumstance made him became focused on new niche found in the bigger world of real estate.
Henderson co-developed a few healthcare real estate in 2009 when he realized that only a small number of people pay attention to such aspect of real estate. And so he started to focus on health care. The outlook on health care drastically changed in 2010 because of the Affordable Care Act and performance-based pay, wherein doctors have played important roles, since insurance firms begun to reimburse health care systems according to outcomes.
A week ago, Sacred Heart Health Care revealed that there are a couple of new medical facilities on the rising. One in Tiger Point portion of Gulf Breeze and one in Perdido Bay, both amounting to $13 million of construction cost. In addition, Baptist Health Care also announced a $6 million worth of medical park near Pensacola Airport a few weeks ago. This facility is going to be developed by Catalyst CRE, a company owned by Henderson.
The percentage of physicians who were working directly for the hospital system was around 30%. Now, it has increased to about 70%.
The Physicians Realty Trust bought 12 medical office facilities in Pensacola worth $23.8 million from Herderson's Catalyst CRE. CEO and president of Physicians Realty Trust John Thomas said that their company would like to work with people like Hendeson who has a high integrity and with good relations with the hospital systems in the market. Aside from real estate, maintenance, management and development, the company also provide consulting services.
Catalyst CRE is also constructing a 28,000-square-foot establishment on the property of South Baldwin Regional Medical Center in Foley, Ala. It recently completed the imaging center of MedQuest in Panama City, Pensacola News Journal reported.