Physicians Realty Trust Executes Contract to Purchase Four Florida Oncology Radiation Centers
Physicians now have until midnight EST on March 31 to attest for the 2013 reporting year. The extension does not affect deadlines for the Medicaid EHR Incentive Program. The new deadline will give physicians and other eligible professionals more time to submit their meaningful use data and, in turn, qualify for an incentive payment. Successful participation in the incentive program also will shield physicians from a CMS-assessed penalty that would, in effect, result in a 1 percent cut in a physician’s Medicare payment in 2015. Family physicians might want to review the AAFP’s bonus/penalty checklist that was created in 2013 to help members keep track of the various Medicare initiatives that affect physician payment. Additionally, CMS said its registration and attestation system was experiencing heavy user volume and suggested that physicians do their online attestation work during non-peak hours to avoid system delays and long waits. A number of CMS resources are available for physicians working on their MU attestation including an MU stage one attestation calculator(www.cms.gov) and registration and attestation user guides(www.cms.gov) . Physicians also can call CMS’ EHR Information Center at (888) 734-6433 with questions about registration and attestation. The center is open Monday through Friday from 7 a.m. to 6:30 p.m. CST. Related ANN Coverage
Alan Porter to purchase four medical office buildings located in Sarasota, Venice, Engelwood and Port Charlotte, Florida. The buildings total approximately 44,295 square feet, are 100% occupied as of February 7, 2014 and are being acquired for approximately $17.5 million, representing a first year cash yield of approximately 8.3%. The buildings are leased to 21st Century Oncology, the nations largest provider of Advanced Oncology Radiation Therapy and other integrated cancer care services to cancer patients. John Sweet, Chief Investment Officer of Physicians Realty Trust, stated, We are excited to collaborate with Dr. Alan Porter and 21st Century Oncology. Dr. Porter is a renowned oncologist who recently became affiliated with 21st Century Oncology, which operates 166 cancer treatment centers, including 133 in the United States and 33 centers in Latin America. The current leases run until 2026. About Physicians Realty Trust Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Forward-Looking Statements This press release contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as may, will or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Companys control, which could cause actual results to differ materially from such statements.