Four recent joint-venture ASC deals:
1. Global commercial real estate group Newark facilitated the sale of the building housing Cypress Surgery Center in Wichita, Kan. DeSanto Realty Group sold the property for $15.3 million to Montecito Medical Real Estate. It is fully leased to a joint venture between national healthcare service company Surgery Partners and a group of 137 local physicians on a long-term basis.
2. Franciscan Health and independent physician group Forté Sports Medicine and Orthopedics opened a facility housing an ASC in Carmel, Ind. The project features a 166,000-square-foot orthopedic hospital and a 69,000-square-foot medical office building housing the Franciscan Orthopedic Surgery Center.
3. Richmond, Va.-based VCU Health is planning an outpatient facility as part of an upcoming mixed-use development in Chesterfield, Va. The mixed-use development project is a joint venture between Dunphy Properties and Shuler Properties. In addition to the ASC, the development plans include commercial space, residential units, a hotel and more.
4. Boca Raton-based Florida Atlantic University’s Research Park was acquired for $37.5 million. A joint venture between real estate firms Pebb Enterprises and Banyan Development purchased the 308,305-square-foot office portfolio, the report said. The park comprises seven buildings that house tenants including Baptist Health Surgery Center.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
