Doctors give new meaning to one-stop shopping
Buy a new pair of shoes and see the doctor–all in the same visit to the local mall. That’s what’s happening in more locations across the country, as ailing malls are offering an opportunity for increased healthcare convenience.
Vacant storefronts in American malls represent a real estate investment opportunity for healthcare providers, reports philly.com.
As lower-tier malls lose tenants, the companies that own the shopping centers see “synergies between healthcare and retail, where customers require convenience, access and comfort,” says Joe Coradino, CEO, of Pennsylvania Real Estate Investment Trust, which has negotiated leases for multiple healthcare organizations moving into retail spaces. The arrangements benefit all parties, as convenient healthcare expands the range of services available in the mall properties, drawing both existing and new customers into ailing retail centers.
Read more: FierceHealthcare