Four notes:
1. The property was sold for $24.9 million by a joint venture led by Shields ASC, a subsidiary of Quincy, Mass.-based Shields Health Care Group. The group purchased the property in 2019.
2. The real estate is anchored by New England Surgical Suites and Orthopedics New England.
3. New England Surgical Suites is a joint-venture ASC that comprises Shields Health Care Group, Worcester, Mass.-based Reliant Medical Group and 12 local surgeons.
4. Shields’ sale of the property reflects its strategic approach to asset management, which prioritizes high returns for physician investors, according to the report.
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.
