On August 31, HREA – Healthcare Real Estate Advisors announced the sale of an outpatient ambulatory surgery center (ASC) and medical outpatient building (MOB).
The ASC is based in Vestavia, Alabama and the MOB is in Montgomery, Alabama. Both the MOB and ASC are 100% leased by Surgical Dermatology Group (SDG).
In 2023, SDG partnered with AQUA Dermatology, one of the largest full-service skincare providers in the Southeast, with more than 100 locations and 200 providers to meet the demand of the rapidly expanding healthcare market. AQUA Dermatology is backed by Gryphon Investors and GTCR, two leading middle-market private equity firms with a combined $33 billion of assets under management.
HREA worked as an advisor. The seller and the buyer were not disclosed. The financial terms of the transaction were not disclosed.
According to data captured in the LevinPro HC database, there have been 127 MOB and 25 ASC transactions announced since the start of 2024. Additionally, HREA has advised on four other acquisitions in the year. For a full look at the company’s advisory activity, click here.
