Physicians Realty Trust acquires ASC, surgical hospital in Q3

Physicians Realty Trust has closed $297 million in medical office real estate investments in the third quarter of 2015, according to a Street Insider report.

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In 2015 thus far, the real estate investment trust has closed $688 million in investments. On Sept. 1, the company acquired two buildings affiliated with Memorial Hermann Health System, based in Houston. The facilities house an ASC, which is joint ventured with United Surgical Partners International and other Memorial Hermann services. Physicians Realty Trust acquired the Katy, Texas buildings for $40.4 million.

On Sept. 30, Physicians Realty Trust acquired New Albany (Ohio) Surgical Hospital on Trinity Health’s Mount Carmel campus. The 60,000-square-foot building was bought for a total of $11.2 million.

More articles on transactions and valuation issues:
3 recent ASC acquisitions & partnerships – Oct. 8, 2015
8 hospitals & health systems opening ASCs – Sept.8, 2015
SCA receives ‘sell’ rating – 4 quick facts

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