Global Medical REIT acquires Texas-based GI ASC: 4 key points on the deal

Global Medical REIT made a series of acquisitions between March 31 and May 26, 2017, including Flower Mound, Texas-based Lone Star Endoscopy Center.

Here are four key points on the ASC deal:

1. The surgery center is 10,062 square feet.

2.  Lone Star Endoscopy Center is a joint venture between Texas Digestive Disease Consultants, one of Texas' largest gastroenterology groups, and Baylor Scott & White Health and United Surgical Partners International.

3. Global Medical REIT acquired the center for a $4.05 million purchase price.

4. The deal's capitalization rate is 7 percent.

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Learning Opportunities

Featured Webinars

Featured Whitepapers

Featured Podcast