North Carolina ASC sells real estate, financed at $5.7M+: 4 key notes

Clemmons, N.C.-based Wake Forest Baptist Surgery Center sold its real estate, according to a Triad Business Journal report.

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Here are four things to know:

1. Healthcare Reality Solutions plans to purchase the 12,500-squre-foot space that includes Wake Forest Baptist Medical Center’s surgery center.

2. NorthMarq Capital, a commercial real estate mortgage banking firm, provided funding for the deal, which financed at more than $5.7 million.

3. The surgery center opened in December 2017 in partnership with Surgical Care Affiliates. The facility includes three operating rooms and focuses on gynecology, orthopedics, ENT, plastic surgery and general surgery.

4. Construction of the building took 10 months and it cost $8.1 million, according to the health system’s press release.

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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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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

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