Griffin-American Healthcare REIT II Acquires Des Plaines Surgical Center

Griffin-American Healthcare REIT II, co-sponsored by American Healthcare Investors and Griffin Capital Corporation, has acquired 21 medical-related buildings for $141.3 million dollars, including the Des Plaines (Ill.) Surgical Center.

Advertisement

Des Plaines Surgical Center is a 47,000-square-foot, three-story facility. It houses 11 tenants, including Golf Surgical Center. Golf Surgical Center is a joint venture ambulatory surgery center operated by physicians and Advocate Lutheran Hospital in Park Ridge, Ill.

Griffin-American Healthcare REIT II now holds 174 buildings, which were acquired for an estimated $1.56 billion.

More Articles on Transactions and Valuation Issues:
5 Hospitals and Health Systems Opening Surgery Centers
Structuring a Joint Venture Between Hospitals and Surgery Centers: What Works?
AmSurg to Break Ground on New Operations Location in Burton Hills

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.