A Raleigh, N.C., medical office building was sold for $11.3 million, nearly twice what it sold for in 2019, the Triangle Business Journal reported Aug. 29.
ASC Transactions & Valuation Issues
Montecito Medical purchased two medical office buildings in Lake Charles, La.
The property housing Jacksonville, Fla.-based Southpoint Surgery Center was sold for $18.2 million, CoStar reported Aug. 29.
The property housing Little Rock-based Endoscopy Center of Arkansas was sold for $4.02 million, Arkansas Business reported Aug. 29.
New Jersey experienced significant medical real estate activity in August.
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Giant companies like Amazon, CVS Health, Walgreens and Walmart are all looking to primary care and physicians amid an increasingly consolidating industry.
The Cherry Hill (N.J.) Office Center , a 185,000-square-foot office complex with five buildings, was sold by Lakewood Equity for $21.4 million, according to an Aug. 26 report from Commercial Property Executive.
A medical office building in Fair Lawn, N.J., has been sold, roi-nj.com reported Aug. 26.
The ASC industry, like the rest of the healthcare industry, is increasingly consolidating amid rising operating costs.
Here are five physician practice and ASC closures in the last year: