Texas USPI surgery center property reportedly sold for $20M

A building housing a United Surgical Partners International ASC in Plano, Texas, was sold to a healthcare real estate trust earlier this month, according to industry news sites Commercial Property Executive and Bisnow.

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Gulf Corp. sold the property, which was nearly 50 percent leased to USPI, for over $20 million to Healthcare Realty Trust. Gulf Corp. initially acquired the site in 2016 in a joint venture.

The 49,000-square-foot property was also leased to Baylor Scott & White Health, which has a campus next to the building.

More articles on transactions and valuations:
UnitedHealth Group gets a new CEO & more — 10 ASC industry notes
New York medical group proposes 2-hospital merger, turning one into outpatient hub: 5 details
Florida hospitals scoop up outpatient centers, practices for combined 39% net income growth

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

Wednesday, July 29
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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

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