Healthcare real estate company Montecito Medical has purchased a 23,000-square-foot medical office building in Midland, Texas.
The property is fully occupied and includes Midland Ambulatory Surgery Center and Midland Imaging Center, the city’s only freestanding imaging facility, according to a Sept. 22 system news release.
The ASC is a joint venture among physicians, Midland Memorial Hospital and Chicago-based United Surgical Partners International. A local cardiology practice also leases space in the building.
Montecito leaders said the deal fits into their strategy of investing in outpatient facilities, and noted that Texas remains a major focus for future acquisitions.
