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Simone Development President Sees Urgent Care Boom Continuing
Bronx-based healthcare real estate developer Joe Simone predicts the urgent care center boom will continue in 2021. “Urgent care centers and retail clinics continue to proliferate across the U.S. because patients are increasingly demanding convenience and affordability,” said Joe Simone, president of Simone Development Companies.
He continued, “I see many opportunities for healthcare real estate developers in dense downtowns and urban centers as patients increasingly value proximity.”
Between 2013 and 2019, the number of centers rose from about 6,100 to 9,616, according to the Urgent Care Association.
“Much of this increase is due to patients’ unwillingness to schedule appointments days or weeks away,” Simone said. “On-demand healthcare is becoming the norm and all health providers must adjust their business models to this evolving reality.”
For urgent care facilities, location is paramount. Landlords whose retail or commercial properties have become outdated are finding new tenants in the urgent care sector.
- ◦Development
