Montecito Medical Real Estate has sold Restore Orthopaedic Surgical Institute, a Class A ambulatory surgery center in Chadds Ford, Pennsylvania, to Wilmington, Delaware-based Wasatch Capital, LLC. Berkadia’s Medical & Life Sciences team, led by Managing Director Eric Lee, Senior Managing Director Sabrina Solomiany and Managing Directors Chris Lashmet and Vasili Davos, handled the transaction on behalf of the seller. Financial terms were not disclosed.
The 18,630-square-foot facility, built in 2022 as a build-to-suit property, is fully leased on a long-term triple-net basis. It features two operating rooms and specializes in joint replacement procedures, offering a full continuum of orthopedic care, including pre- and post-operative consultations and physical therapy. The center is led by board-certified orthopedic surgeons Dr. Steven M. Dellose and Dr. James J. Rubano and serves patients across the Delaware Valley.
The sale reflects continued strong investor demand for high-quality, physician-aligned ambulatory surgery centers in major markets. Montecito Medical, a major acquirer and developer of healthcare real estate with more than $7 billion in transactions since 2006, divested the asset as part of its portfolio management strategy. Wasatch Capital adds the specialized orthopedic ASC to its growing healthcare real estate holdings.
According to data captured in the LevinPro HC database, this transaction marks the 10th Outpatient Surgery Center (OSC) transaction of the year. There were 28 OSC acquisitions announced in 2025, and 40 announced in 2024. Other acquires in the OSC market this year include Tenet Healthcare Corporation, BGO, Cornerstone Companies, Community Health Systems, CPIhealth, Surgery Partners, United Surgical Partners International, Penn State Health and Blue Cloud Pediatric Surgery Centers.
