HREA Advises on ASC and MOB Transaction 

HREA Advises on ASC and MOB Transaction 

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... Read More »
Montecito Medical Sells San Antonio Surgery Center

Montecito Medical Sells San Antonio Surgery Center

On August 6, Montecito Medical Real Estate announced that it sold an ambulatory surgery center (ASC) in San Antonio, Texas. The buyer and purchase price were not disclosed. The ASC, an 11,544-square-foot building, is 100% occupied by a surgery center operated in partnership between Surgery Partners and a local ophthalmologist. The building was completed in 2019. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. Montecito Medical is based in Nashville, Tennessee. “We are seeing great interest from investors, and we are... Read More »
Montecito Medical Sells San Antonio Surgery Center

Värde Partners and Unity Medical Properties Acquire Florida ASC for $14.5 Million  

Värde Partners and Unity Medical Properties announce a joint venture to acquire an ambulatory surgery center (ASC) in Palm Beach Gardens, Florida. The price is $14.5 million.   The ASC’s tenant is Laser and Surgery Center of the Palm Beaches. It is a single-story building that sits on 1.9-acres of land.  Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. It was founded in 1993 and the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets.  Unity Medical Properties is a real estate investment firm. Nothing else was disclosed.  This is... Read More »
Montecito Medical Sells San Antonio Surgery Center

AmSurg and CompEye Jointly Acquire Alta Rose Surgery Center

AmSurg Corp. and Comprehensive EyeCare Partners (also called CompEye) announced the joint acquisition of Alta Rose Surgery Center. The addition of Alta Rose Surgery Center expands the collaboration between AmSurg and CompEye, a partnership that now supports four outpatient surgery centers. Alta Rose Surgery Center is an ambulatory surgery center (ASC) for ophthalmology in Las Vegas, Nevada. The freestanding outpatient ophthalmology surgery center offers cataract, refractive eye, laser vision correction surgery and other services. AmSurg is an independent leader in ASC services, operating a network of approximately 250 surgery centers nationwide. In partnership with physicians and health... Read More »
Montecito Medical Sells San Antonio Surgery Center

Capitol Pain Institute Purchases Pain Care Surgery of Louisville

Capitol Pain Institute (CPI) has acquired Pain Care Surgery of Louisville, an ambulatory surgical center (ASC) in Louisville, Kentucky. This acquisition will allow CPI to offer more advanced procedures, including spinal cord and peripheral nerve stimulation, interspinous stabilization and fixation and posterior SI joint fusion. CPI utilizes a range of interventional treatments and medication optimization. It is owned by Iron Path Capital, a Nashville, Tennessee-based private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors. Capitol Pain currently operates in six states: Colorado, Indiana, Kentucky, Minnesota, Ohio and Texas. With... Read More »
Kaiser Permanente Buys ASC in Lancaster, California

Kaiser Permanente Buys ASC in Lancaster, California

Oakland, California-based Kaiser Permanente announced that it has acquired its first ambulatory surgery center (ASC) in southern California. The ASC, Antelope Valley Surgery Center, is a multispecialty outpatient center in Lancaster, California. The 12,500-square-foot ASC provides services including general surgery, gynecological cases, eye surgery, head and neck, podiatry, orthopedic and plastic surgery. It was originally opened more than 20 years ago and was most recently operated by SCA Health. Kaiser Permanente is among the country’s largest not-for-profit health systems with 39 hospitals. Its operations span eight states coast to coast with roughly 13 million members who receive care... Read More »