Former San Francisco theater sold to area medical professionals

A former theater in San Francisco has been sold to an affiliate of several area medical professionals for $4.9 million, according to a Sept. 30 report from the San Francisco Business Times.

Advertisement

The three-level, 16,594-square-foot building formerly housed San Francisco’s Playhouse theater. It was acquired by 532 Sutter LLC, which is registered to Megan McDougle, a former nursing director at the San Francisco Surgery Center. The LLC is directed by orthopedic surgeon James Chen, MD, also of SFSC. 

The building sold for about 46% less than what it was acquired for in 2018, according to the report. 

It is not clear whether Dr. Chen and Ms. McDougle plan to occupy the building or lease it to various tenants. 

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.

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • The contracted rate isn’t the whole story. Two ASC administrators said payer talks this year came down to fine print,…

  • Two ASC administrators said this year’s biggest cost pressures are facility compliance, anesthesia coverage, and supplies and technology. Editor’s note:…

Advertisement

Comments are closed.