Capital Finance

The Department of Veterans Affairs has selected a contractor to build the Denver VA Medical Center replacement hospital. The new hospital will be on the same campus as the University of Colorado Hospital complex in Aurora, site of the former Fitzsimons Army Medical Center.

Grubb & Ellis Healthcare REIT II, Inc., has acquired the Joplin Long-Term Acute Care Hospital, a 26,000-square-foot facility in Joplin, Mo., the second property in a $42 million acquisition spree by the firm.

Five primary care facilities that operate in underserved communities in Brooklyn, Manhattan and Queens are expected to save approximately $3.8 million through a tax-exempt bond issue to refinance nearly $30 million of loans.

Illinois Gov. Pat Quinn's plan to re-open a financially troubled hospital is a bid to help a town in need of better healthcare services and an economic shot in the arm.

Cornerstone Healthcare Plus REIT, an Irvine, Calif.-based real estate investment fund, has closed a $14.75 million deal for a 42-bed inpatient rehabilitation facility in Dallas.

Kindred Healthcare, one of the nation's leading long-term care hospital companies, is acquiring five acute care hospitals in California and three nursing homes in Texas in two separate deals totaling $218 million.