Anchor Health Properties acquires Philadelphia medical office portfolio with ASCs

Anchor Health Properties has acquired a two-building, 85,242-square-foot portfolio with several ASCs in a Philadelphia suburb, according to an April 14 release. 

Advertisement

The 90-percent-occupied facilities are anchored by two ASCs, the release said, and feature ophthalmology, gastroenterology and physical therapy services. The portfolio is adjacent to recently developed residential and senior living facilities.

Most existing tenants have been at the facilities for over a decade, the release said. Current tenants include Main Line Surgery Center, a member of Willis Eye Surgical Network; Ophthalmic Partners of Pennsylvania; Mid-Atlantic Retina; Gastrointestinal Associates; and Ambulatory Surgery Center of Bala Cynwyd.

The properties were acquired through a joint venture with the company’s co-managed equity fund, Chestnut Healthcare Fund I, and equity partner the Carlyle Group. 

Anchor Health Properties now owns and manages 1.5 million square feet of properties in the Philadelphia metropolitan area, according to the release. 

More articles on surgery centers:
Kaiser Permanente in 2021: 5 ASC moves
4 ASC approvals in 2021
Surgery Partners to refinance loans, projects $505M Q1 revenue

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • ASCs have taken center stage of many hospital and health systems’ growth and development strategies in recent years as they…

  • Germantown, Md.-based Capital Surgical Solutions plans to open a new ASC in Portland, Ore., in the fourth quarter of 2026,…

Advertisement

Comments are closed.