The Sanders Trust acquires medical office campus with Parkway Surgery Center: 5 key notes

Alabama-based The Sanders Trust acquired Parkway Professional Center, which includes Parkway Surgery Center, a Surgical Care Affiliates facility.

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Here are five things to know:

1. The 71,000-square-foot Parkway Professional Center was constructed in 2005 and also includes Parkway Neuroscience & Spine Institute and Center for Joint Surgery and Sports Medicine. Parkway Surgery Center opened in 2006.

2. According to the report, most tenants will continue operating out of their current space, as they have long term leases. The new buyers plan to bring in additional medical tenants in currently vacant space to “increase the productivity, success and referral base for Parkway Professional Center.”

3. The Sanders Trust made the acquisition for $21 million.

4. Parkway Surgery Center includes spinal treatment with board certified neurosurgeons, physiatrists and pain specialists bringing cases to the center.

5. Jennifer Collins is the administrator of the AAAHC-accredited ASC.

More articles on surgery centers:
20 benchmarks on ASC revenue per case
13 new ASCs opened or announced in April 2017
30 things for ASC leaders to know for April

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