The 25,762-square-foot Albany (Ga.) Urology Clinic includes clinical space and an ASC — one of the most productive ASCs of any specialty in the region, Provider Real Estate said Jan. 5. Albany Urology was founded in 1972.
Some of the physician partners involved in the portfolio acquisition reallocated investments in their respective practices into Provider’s real estate fund.
“The reinvestment allows me to capitalize on the value of our clinic and surgery center and diversify my remaining medical office real estate investment across a portfolio of high-quality properties on a tax-deferred basis,” Albany Urology’s Michael Daugherty, DO, said.
Also included in the portfolio was the 81,269-square-foot Brighton, Mich.-based Genoa Medical Center — home to independent orthopedic, ophthalmology and dermatology practices — and the 12,377-square-foot Shallotte, N.C.-based Oceanside Family Medicine & Convenient Care.
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.