Three notes:
1. Terms of the transaction were not disclosed.
2. Real Estate Development Associates acquired the four-acre property for $8.8 million in 2015 and re-entitled the site for two Class A medical office buildings, which were completed in 2017.
3. The 59,978-square-foot Newport Heights Medical Center houses Starpoint Health Outpatient Surgery Center, UCI Health Newport, Eden Fertility Management, Newport Foot and Ankle, Grover Aesthetics and Lea Plastic Surgery.
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Hospital partners, PE investors are fueling ASC activity — 3 insights from a healthcare M&A partner
Ohio practice with ASC forms ophthalmology platform — 4 highlights
Investor snags $635K stake in Surgery Partners — 4 quick details
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