Sheila Schmidt

➤➤ Join the GlobeSt.HEALTHCARE (formerly RealShare) conference December 3-4 in Scottsdale, AZ. The event will cover the industry’s major issues as well as the prevailing and upcoming trends in regulations, space use, budgeting, and technology implementation. Through panel discussions and peer-to-peer networking opportunities, the attendees will gather expert insights on how these factors will affect the development, operation, investment and design of healthcare real estate. Also, be sure to get your nomination in for our healthcare influencer and senior housing influencer feature. Click here to register and view the agenda.

PHOENIX—The need for healthcare services in areas where there is little to no inventory or land for outpatient centers continues to grow. In response, developers are converting non-healthcare buildings into suitable buildings. One example of this trend is Meridian, a Marcus and Millichap affiliate.

“We are heavily focused on purchasing properties and renovating them into mostly outpatient surgical centers,” says Sheila Schmidt, VP of Real Estate Development at Meridian, tells “Sometimes we have to completely break down the property and do an extensive renovation and other times, we only need to perform partial renovations.”

With most of the redevelopment activity focused in the western United States in states such as California and Arizona, this conversion of properties is the most direct and creative way of getting a client into challenging areas. Outpatient centers allow the patients to go home within a few hours instead of paying for an in-hospital stay where procedure costs and copays are, on average, 42% to 58% higher.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.