Medical office complex housing 2 ASCs sells for $125M

Newport Lido Medical Center, a medical office complex in Newport Beach, Calif., has been sold for $125 million to real estate firm Lionstone Investments, according to Commercial Property Executive.

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Three notes:

1. The 146,510-square-foot property includes two surgery centers, Hoag Hospital Newport Beach Surgery Center and Prime Surgical Center.

2. Two medical office buildings, a pharmacy, a physical therapy facility and a lab are also part of the complex.

3. Newport Lido Medical sold the property to Lionstone in an all-cash transaction. 

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.

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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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