Tennessee medical real estate company buys Texas building with 2 ASCs

Nashville, Tenn.-based Montecito Medical, a medical real estate company, bought a medical office building in Austin, Texas, that houses two ASCs, the company said Sept. 14.

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The two-story, 26,000-square-foot Water Leaf Medical Office Building leases space to tenants Austin Foot and Ankle Center, Water Leaf Surgery and Balcones Pain Management.

Water Leaf Surgery Center is a 10,000-square-foot multispecialty, Medicare-certified ASC with three operating suites and nine preoperative and recovery bays. The center focuses on pain management, neurosurgery, podiatry and periodontal procedures.

Austin Foot & Ankle Center is a 2,262-square-foot podiatry practice.

In the last year Montecito has acquired several medical office buildings in Texas: two in San Antonio and others in The Woodlands, Corpus Christi, Tyler, Texarkana, Katy and Sunnyvale.

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

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