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Physicians Realty Trust Acquires El Paso Surgical Hospital, Medical Office Building for $40M

Self-managed healthcare properties company Physicians Realty Trust has completed the $40 million acquisition of the Foundation Surgical Hospital of El Paso and the adjacent medical office building.

The Foundation Surgical Hospital El Paso is a joint venture between Foundation Surgical Hospital Affiliates, recently acquired by Graymark Healthcare, and more than 60 physicians.

The 77,000-sqaure-foot hospital has 40 beds and six operating rooms.

Physicians Realty Trust initially filed a letter of intent for the acquisition with the Securities and Exchange Commission in July. The acquisition was completed on Aug. 30.

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