ATLANTA—Stonemont Financial Group, a private real estate investment firm specializing in industrial development, healthcare real estate, and net lease investments, announced on April 24 that it closed on the acquisition of two oncology centers occupied by Northside Hospital in Greensboro, Ga., and Hawkinsville, Ga. The acquisitions represent Stonemont’s continued initiative to grow its portfolio of healthcare real estate properties across the country.

The properties include an 11,271-square-foot cancer center at 1000 Cowles Clinic Way in Greensboro, located within the Lake Oconee community. The center offers comprehensive cancer treatment services including radiation therapy, chemotherapy and immunotherapy. Stonemont also acquired a 10,212-square-foot medical office building located at 214 Perry Highway in Hawkinsville located on the Taylor Regional Hospital Campus. This building offers similar services to the Greensboro property. Both buildings are fully occupied by Northside Hospital Cancer Institute (NHCI).

“These acquisitions continue our strategy to grow our healthcare real estate portfolio and strengthen our partnership and alignment with Northside Hospital. We look forward to supporting Northside in its delivery of healthcare services at these facilities,” said Matt Stone, senior vice president of development and acquisitions at Stonemont. “Medical office continues to be one of the strongest-performing asset types, with these latest acquisitions reflecting our broader strategy targeting the asset class.”

Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed on the two buildings within the next year.

The pair of acquisitions continue Stonemont’s efforts to grow its healthcare platform across Georgia and throughout the country, building on strong market demand and fundamentals within the medical office building asset class. In January of this year, Stonemont also announced the acquisition of an 85,000-square-foot medical office building in Alpharetta, Ga., also occupied by Northside.

According to JLL, healthcare transaction volume saw a record high last year with around $26 billion invested into the marketplace, comprising the largest portion of healthcare investment in 2022 at 58%. These fundamentals are expected to continue this year, starting off strong with a 92.3% occupancy at the end of Q4 2022.

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SUNNYVALE, Texas—GenesisCare—one of the leading oncology providers in the United States, Australia, Spain, and the United Kingdom—today announced the opening of its new Sunnyvale Women’s Center with patient-friendly facilities and an experienced clinical team to this new site to provide Dallas-area residents with end-to-end, multidisciplinary breast healthcare. The comprehensive patient-centered services available include mammography, diagnosis, treatment, and post-treatment follow-up. Patients will have rapid access to advanced and innovative technologies that deliver unprecedented accuracy, faster treatment sessions, and a reduced risk of side effects.

On average, one-in-eight American women (13%) will develop breast cancer in their lifetime. In 2022, we will see approximately 287,8502 new cases of invasive breast cancer, along with 51,400 new non-invasive (in situ) breast cancer. The American Cancer Society ranked Texas as the second state in the nation for having the highest number of cases per capita, with an estimated 20,900 new cases of female breast cancer with 3,420 deaths in 2021.

“The Sunnyvale Women’s Center allows us to meet the need for effective, targeted diagnosis and treatment with easy, local access,” shares Dr. Anita Tharian, DO, GenesisCare Medical Oncologist. “Bridging gaps in care is especially important as regular women’s screening and care being disrupted by COVID across the Dallas area.”

Dr. Tharian adds, “Offering access to advanced precision medicine, like DCISionRT, has proven to help patients and doctors make informed decisions about their care. Combined with other leading technologies like AlignRT, we are also able to lower the risk of heart damage in radiation treatment for breast cancer.”

The women’s center’s world-leading diagnostic tools and treatments use various advanced technologies to streamline the process and deliver patients’ best possible life outcomes.

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STEVENS POINT, Wis. — The Marshfield Clinic’s new hospital and cancer care center in Stevens Point just opened its doors to patients for the first time on Feb. 13. Construction on the new 24,000-square-foot cancer care center began in May 2016, and the facility recently held a formal dedication, ribbon cutting and tours on March 7.

The Marshfield Clinic Cancer Center was built as an addition to the existing Marshfield Clinic Stevens Point Center. The main goal of the addition was to provide low-cost, quality health care in the Chippewa Valley, according to a statement.

The architecture firm on the project was RSP Architects of Minneapolis, and the general contractor was The Boldt Co. of Appleton, Wis., with locally based Point of Beginning serving as the civil engineer.

The new Marshfield Clinic has state-of-the-art equipment, which includes medical oncology and hematology services with private chemotherapy infusion suites, radiation oncology, a high-dose radiation brachytherapy suite and oncology pharmacy services. There is also a space for a social worker and a research coordinator at the clinic. Additionally, patients will have access to more than 50 cancer-related clinical trials through the National Cancer Institute research program and cancer care support services, according to Farrah Lemon, Marshfield Clinic project manager, facilities and property.

“The center is also the first in the system to pilot a cancer care financial navigator program,” Lemon added.

The overall layout of the space has been designed to provide clear pathways for patients, while respecting patient privacy. Staff work areas have been placed out of the patient pathways where patient interaction is not needed, while also being situated close to patient care areas where interaction is required. The interior of the clinic itself is very colorful, comfortable and overlooks the outdoor garden space. The larger space has been filled with planters and translucent panels that divide it into multiple smaller areas.

“Patients will often be here for long periods of time. It was important to us to help patients, guests and staff feel supported and positive by providing beautiful views, a comfortable commons area and soothing yet uplifting colors,” said Lemon.

Upon entering the Radiation Oncology area, which includes four exam rooms, a large consultation room, changing and sub-waiting areas, a linear accelerator, CT and HDR spaces, the paint finishes shift to a brighter color scheme, which gives the space its own character, according to Lemon. Other special design features in the clinic’s interiors focus on patient comfort and overall wellbeing. Some of these features include a library, a patient resource center, a spiritual room that overlooks a healing garden, a wig boutique with a changing room and a massage therapy area.

“[The design] had the patient in mind when we [planned] the facility, so it’s not just the structure, but also the function that we have built into this facility,” said Dr. Adedayo A. Onitilo, Marshfield Clinic Oncology/Hematology, Radiation Oncology and Palliative Medicine service line medical director.

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