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The main thing to consider in all of these aspects would be the trends in healthcare. What are other organizations doing? This summary will take a look at the advantages and disadvantages of building, leasing or renting a new facility for the orthopedic line at Trinity Community Hospital. Hospital construction, like most other construction, continues to struggle to recover from the years of economic hardship.

Advantages 1. Building- 5,000 sq. feet PT center- $120 per sq. foot- $600,000
The facility would be new and the hospital would have complete control over the design of the expansion. This would give us access the also make modification without approval from any outside parties. With this process the hospital would be able to make energy efficient modifications that might be present in the current facility. These processes would be able to save the hospital on operating cost and set a leading role for healthcare facilities that are going “green”. Building a new facility would help increase in value which would also in turn increase the equity of the hospital. The hospital will also have the ability of leasing any extra space which would build revenue.

2. Leasing- 5000 sq. foot MOB adjacent to hospital-$20 per sq. foot
With leasing, the hospital would not have to risk any investment losses that might occur when building or buying a facility. ***One major advantage to this is that there is not as much cash needed up front in order to occupy the space. There would be more monies left over to fund the start up as well as purchasing state of the art equipment that can better service the patients.

3. Buying existing- existing building adjacent to hospital-$700,000($525,000 building, $125,000 lot)
The plus with this scenario is that the building is already built and allows ease when it comes to expansion. This will also increase the equity

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