What you should know:
1. Anchor Health Properties entered into the Seattle market through the transaction.
2. Anchor acquired The Doctors Clinic portfolio of two class A medical office buildings, which is currently undergoing a $500 million expansion. Anchor also acquired the Woodlands Medical Office Building.
3. Anchor will provide asset and property management services at all three properties. Anchor now manages more than four million square feet of properties.
4. Anchor CEO Ben Ochs said, “These high-quality assets will serve as our flagship properties to establish a Seattle market presence for the firm and our investors. We are excited to bring our healthcare management expertise to the market there. The Anchor team is looking forward to growing relationships with market leading healthcare tenancy and growing our presence in the region over time.”
More articles on transactions/valuation:
How ASC price transparency relates to value-based care, M&A activity & more: 4 insights
ACS grants Children’s Minnesota surgery center certification — 3 insights
HCA announces $1B public offering that could be used for acquisitions — 4 insights
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.