The wave of health care construction in North Texas will continue despite rising interest rates, according to an article in the Dallas Business Journal. The article quotes Jon Leatherberry, Bracewell & Giuliani LLP attorney whose practice focuses on public debt offerings and other health care transactions.
"There is some concern, and folks are trying to get into the market as soon as possible," he said. "That being said, we are still in a historically low interest rate environment. There's a long way to go before we get to a point where it affects people's desire to actually build."
The population growth North Texas that is experiencing brings a demand for more hospitals, ambulatory surgical centers and other health care facilities, according to the article.
"Capital is relatively inexpensive right now, and with the increase in the number of insured due to the Affordable Care Act, hospitals are seeing a need for growth," Leatherberry said.
Read the article.
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