IRA Capital gets $80.7M for ASC real estate acquisitions

Private equity firm IRA Capital landed $80.7 million in financing from First Citizens Bank for ASC property acquisitions in Florida and Louisiana.

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A three-story surgical hospital in Naples, Fla., accounted for $49.2 million of the total, according to a Feb. 16 news release. The property is 86,287 rentable square feet, and it is leased to Naples Community Hospital and Physicians Regional Medical Center.

The remaining $31.5 million funded a portion of IRA Capital’s acquisition of the 83,631-rentable-square-foot Christus Central Louisiana Surgical Hospital in Alexandria.

“We are excited to add these two best-in-class surgical facilities backed by top-tier health systems to our growing healthcare real estate portfolio,” IRA Capital principal and co-founder  Amer Kasm said in the news release.

The financing was provided by CIT, which was folded into a division of First Citizens Bank after a merger in January.

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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