Suburban Phoenix building with 2 ASCs acquired

A medical office building with a multispecialty ASC in Avondale, Ariz., a suburb of Phoenix, was acquired by Montecito Medical, the real estate company said Dec. 8. 

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Alongside the multispecialty ASC, the three-story, 68,000-square-foot Akos medical office building features an imaging suite, a cardiovascular ASC, pharmacy, urgent care and clinical office space.

The building is majority leased to Scottsdale, Ariz.-based Apricus Health, whose network includes 600 physicians and more than 1,000 partner providers. Peak Heart and Vascular operates the building’s cardiovascular ASC. 

The acquisition is Nashville, Tenn.-based Montecito Medical’s third in the Phoenix area in 2021.

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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