Meridian acquires $81.5 million medical office building with ASC

Real estate developer Meridian purchased a medical office building with an on-site surgery center in Beverly Hills, Calif., the company announced Oct. 8. 

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The 67,510-square-foot, three-story building was purchased through a joint venture with an investment partner for $81.5 million. 

The facility offers cardiology, pediatrics, internal medicine, orthopedics and gastroenterology, among other services

The property is 88 percent leased, and 50 percent of the tenant roster has an affiliation with Cedars-Sinai Medical Center.

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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Tuesday, August 11
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Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

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