Here’s what you should know.
1. Montecito acquired the 71,000-square-foot medical office building. The property is the primary location for OAW.
2. The medical office building also houses a 24,563-square-foot ASC. The ASC has five operating rooms and 20 recovery rooms. The ASC is a joint venture between OAW and Waukesha, Wis.-based ProHealth.
3. In addition, the building has medical offices, clinical space and an imaging center.
Montecito Medical’s Vice President for Acquisitions Chris Conk said, “This asset is a great addition to our portfolio. We’re excited to partner with a leading healthcare provider like Orthopaedic Associates of Wisconsin. We’re also excited about expanding our presence within the Milwaukee medical market. This transaction brings our footprint to almost 200,000 square feet of medical office space in Milwaukee.”
More articles on transactions/valuations:
UnitedHealth doubling down on Optum & more — 8 ASC company key notes
Gulf Coast Outpatient Surgery Center earns quality award — 4 things to know
6 benefits of pursuing The Joint Commission accreditation
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.
