Here are five points:
1. The company’s total investment activity for 2015 hit $841 million, which proved a 103 percent growth in gross real estate assets year over year.
2. Physicians Realty Trust completed $99.3 million of acquisitions. The companies included are HonorHealth 44th Street, Mercy Medical Center, Nashville MOB, Hillside Medical Center, KSF Orthopaedic, Great Falls Clinic and Randall Road MOB.
3. The company also executed $99.6 million of purchase and sale agreements. These pending acquisitions include: Great Falls Replacement Surgical Hospital, St. Vincent, Park Nicollet Clinic, Riverview Medical Center and Birmingham, Alabama MOBs.
4. Physician Realty Trust executed eight non-binding letters of intent to acquire 16 facilities in seven states. These purchase prices total about $167.4 million.
5. “The vast majority of the investments completed in 2015 and pending investments for 2016 are a result of management’s relationships with physicians and health systems and their advisers,” said John T. Thomas, president and CEO, Physicians Realty Trust.
More articles on transactions & valuation:
Nobilis CEO resigns; Harry Fleming steps up — 5 things to know
Nobilis Q3 revenue hits $52.2M: 6 key notes
Elkhart General Hospital opens $83M surgery center expansion: 3 takeaways
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.