Here’s what you should know:
1. Inland’s Senior Vice President Matthew Tice closed the deal with the assistance of the company’s law department.
2. The medical office building was constructed in 2015. Eye Institute of Utah has more than 20 exam and consultation rooms and offers imaging and diagnostic services. The ASC features four surgical rooms, a patient surgical viewing area and several recovery rooms.
3. The acquisition increases Inland Real Estate Acquisitions’ total holdings to more than $45 billion. Concerning medical office buildings, Inland Real Estate Acquisitions has more than $292 million in holdings.
Mr. Tice said, “The newly constructed facility, along with its cutting edge medical technology and professionals, made the Eye Care Institute of Utah the type of attractive acquisition we continue to seek out in this asset class.”
More articles on transactions/valuations:
SCA, Providence Health & Services invests in Oregon ASC & more — 5 ASC company key notes
Former Iowa ASC physicians file counter suit in non-compete case, allege wrongful termination: 5 things to know
ASCs in 2017: A year in review
