Medical office with ASC sells for $15.9M — 3 insights

New York City-based Global Medical REIT purchased a medical office building housing the Germantown, Tenn.-based Wolf River Surgery Center for $15.9 million, Memphis Daily News reports.

Advertisement

Here’s what you should know:

1. A county assessor listed the value of the property at $7.2 million.

2. Global Medical took out an $8.9 million mortgage to finance the property.

3. Global Medical previously purchased one of Germantown, Tenn.-based Gastro One’s properties in December 2015.

More articles on transactions/valuations:
Carle ASC secures $19.2 M building permit
KKR to finance Covenant Surgical Partners acquisition through $195M loan & more: 4 ASC company notes
Stock market week-in-review for 4 large ASC chains — Sept. 5-8

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

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.