Texas USPI surgery center property reportedly sold for $20M

A building housing a United Surgical Partners International ASC in Plano, Texas, was sold to a healthcare real estate trust earlier this month, according to industry news sites Commercial Property Executive and Bisnow.

Advertisement

Gulf Corp. sold the property, which was nearly 50 percent leased to USPI, for over $20 million to Healthcare Realty Trust. Gulf Corp. initially acquired the site in 2016 in a joint venture.

The 49,000-square-foot property was also leased to Baylor Scott & White Health, which has a campus next to the building.

More articles on transactions and valuations:
UnitedHealth Group gets a new CEO & more — 10 ASC industry notes
New York medical group proposes 2-hospital merger, turning one into outpatient hub: 5 details
Florida hospitals scoop up outpatient centers, practices for combined 39% net income growth

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 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.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.