Baptist Health acquires 493K-square-foot MOB for $65M

Advertisement

Coral Gables, Fla.-based Baptist Health has purchased a medical outpatient building in Jacksonville, Fla., for $65 million, according to an Aug. 19 report from REBusiness Online.

The Southbank Medical Pavilion is a 493,012-square-foot facility adjacent to Baptist Health’s flagship hospital campus. 

The MOB was 94% leased at the time of the sale. 

Alpharetta, Ga.-based ShareMD sold the facility to Baptist Health, the report said.

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

Advertisement