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.
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.