Here are six things to know about the new center, according to the report:
1. NYU Langone agreed to a 31-year lease with a Manhattan real estate private-equity fund, who bought the property for $66 million.
2. NYU Langone will cover property taxes, insurance and upkeep on the 45,000 square-foot center.
3. Norvin Healthcare Properties, who owns the property, feels NYU Langone is an appealing tenant and will satisfy healthcare needs of the community.
4. Norvin’s president, Norman Livingston, told Crain’s New York that increasing ambulatory care in Queens mirrors a trend he has seen in Texas.
5. NYU Langone currently has eight ambulatory practices.
6. Outpatient visits at NYU Langone were up 2.7 percent in the six months ended from February 28, 2015, reports Crain’s New York, citing the hospital’s financial statements.
More articles on transactions and valuation issues:
4 recent orthopedics-driven ASC plans & openings
AmSurg receives average “buy” rating
$35M ambulatory care center comes to Creighton University Medical Center: 5 things to know
