Here are the three most expensive ASC property acquisitions since the start of the year:
1. Principal Real Estate Investors purchased a 59,205-square-foot medical office building that houses an ASC that opened in early 2021. The property was sold for $24.9 million by a joint venture led by Shields ASC, a subsidiary of Quincy, Mass.-based Shields Health Care Group.
2. Newport Lido Medical Center, a medical office complex in Newport Beach, Calif., was sold for $125 million to real estate firm Lionstone Investments. The 146,510-square-foot property includes two surgery centers, Hoag Hospital Newport Beach Surgery Center and Prime Surgical Center.
3. Irvine, Calif.-based private equity firm IRA Capital acquired the real estate housing Christus Surgical Hospital in Alexandria, La., for $42 million. The 84,000-square-foot, 24-bed multispecialty surgical hospital was built in 2010 and has 12 operating rooms. It is leased to a joint venture between the hospital’s physicians and Irving, Texas-based Christus Health.
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.
