Medical office building with surgery center changes hands for $15.4M — 3 insights

Written by Eric Oliver | March 20, 2019 | Print  |

CNL Healthcare Properties II will sell the medical office building housing Orlando, Fla.-based Mid-America Surgery Center to HCP Medical Office Buildings for $15.4 million.

What you should know:

1. CNL expects the sale to close in the second quarter of 2019.

2. The company is selling the property as a way to maximize value to shareholders.

3. CNL retained a financial advisor and is considering future sales.

"The pending sale of our medical office building as well as the increased appraised value of our portfolio both underscore the quality of the assets we have acquired. While our [net asset valuation] per share decreased this year, we remain optimistic relative to potential outcomes as we pursue opportunities to maximize value for our shareholders."

More articles on surgery centers:
Number of Medicare-certified ASCs per state | 2019
6 hospitals, health systems opening or planning ASCs
Surgery Partners in 2019: 6 points of strategic growth – de novos, payer partnerships & total joints

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