Here are four acquisitions involving ASCs and orthopedic centers that Montecito finalized in the past 90 days:
1. Montecito Medical acquired two orthopedic medical office buildings, one with an ASC, in Fairfield and Shelton, Conn., according to a June 17 email. The two properties are primarily leased to Fairfield-based Orthopaedic Specialty Group, which comprises 30 physicians.
2. Montecito acquired a medical office building in Conroe, Texas, a Houston suburb, according to a June 10 email. The 23,731-square-foot facility is 100 percent leased to Northwoods Urology and Aspire Hospital.
3. The company acquired a medical office property in Richmond, Va., for $32.5 million. The 90,598-square-foot facility currently houses an ENT surgery center, a pulmonary practice, a full-service imaging center and a women’s healthcare practice.
4. Montecito purchased Beachwood (Ohio) Medical Center, which specializes in spine, orthopedics and pain management, for $58.3 million.
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.