Catalyst HRE acquires $150M healthcare portfolio with surgery centers

Pensacola, Fla.-based Catalyst Healthcare Real Estate acquired a 21-property healthcare portfolio for $150 million, Rebusiness Online reported.

Advertisement

Here are four details to know:

1. The portfolio totals 530,182-square-feet and has locations across eight states. The properties are located in Florida, Tennessee Georgia, Texas, Virginia, Indiana, Illinois and North Carolina.

2. Regional and hospital orthopedics, neurology, oncology and surgical practices, including Galletin, Tenn.-based Patient Partners Surgery Center, make up 40 percent of the portfolio’s leased space.

3. Internal medicine and primary care practices represent 33 percent of the leased space Gastroenterology and women’s health represent 10 percent of the leased space.

4. The remaining space is leased to physical therapy, behavioral health, pain management and imaging providers.

More articles on transactions and valuation:
SimplifyASC secures ‘substantial investment’ — 5 insights
Platinum Dermatology Partners adds 3rd Arizona practice — 4 insights
3 things to know about Sussex Vision Center’s partnership with Blue Sky Vision

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.