PE firm buys Louisiana surgical hospital building for $42M

Irvine, Calif.-based private equity firm IRA Capital acquired the real estate housing Christus Surgical Hospital in Alexandria, La.

The 84,000-square-foot, 24-bed multispecialty surgical hospital was built in 2010 and has 12 operating rooms, IRA Capital said Jan. 5. It is leased to a joint venture between the hospital's physicians and Irving, Texas-based Christus Health.

The hospital has 75 physician shareholders and 270 staff who provide treatment in specialties including orthopedics, gastroenterology, ENT, neurosurgery, ophthalmology, pain management, podiatry and urology. The hospital also provides pharmacy and dietary services and has a full lab and complete radiology suite, including the only three-tesla MRI in the region

Note: This article was updated Jan. 10 to clarify details about the sale and the physician shareholders.

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