CIT provides $39.2M for acquisition of 7 medical office buildings

CIT, First Citizens Bank’s commercial banking division, funded the $39.3 million acquisition of seven medical office buildings by Texas-based private equity firm Ridgeline Capital Partners.

Advertisement

The properties in Texas, Georgia, Washington and Idaho add more than 150,000 square feet to Ridgeline Capital Partners’ portfolio of medical office buildings, ASCs and behavioral health facilities, according to an Oct. 18 news release from CIT. 

 

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • Becker’s reported on 39 hospital mergers and acquisitions in 2025, ranging from rural hospital partnerships to massive, multi-state system expansions. …

  • Brewer, Maine-based Northern Light Health will close its primary care practice in Castine on Feb. 27, citing staffing challenges, declining…

  • The dynamics shaping mergers and acquisitions within the ASC space are constantly shifting as corporate entities push consolidation efforts and…

Advertisement

Comments are closed.