Three details:
1. The physicians that own the ASC negotiated a new lease rate and removed their personal liability from their current mortgage.
2. The transaction was led by Collin Hart, CEO and managing director of ERE Healthcare Real Estate Advisors and Darian Padua, a director at the firm.
3. The price the building sold for wasn’t disclosed, but the firm said the price ranks in the top 5 percent of sales for medical properties in the area.
More articles on transactions and valuation:
Optum revenues hit $28B in Q2 & more — 9 ASC industry notes
New Mexico hospital to open 3 ASCs — 3 insights
Physician services acquisitions in the past 90 days — orthopedics, GI & more
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.
