Värde Partners Purchases MOB in Blue Ash, Ohio for $40 Million
Värde Partners has acquired a medical outpatient building (MOB) in Blue Ash, Ohio for $40 million, including $16 million in cash, according to Hamilton County Auditor documents. Cincinnati Eye Institute, whose parent company was acquired for $600 million by St. Louis-based EyeCare Partners in 2021, occupies the MOB as a tenant. Constructed in 1985, the building last sold in 2005 for $9.7 million. It was most recently appraised in 2023, resulting in an $18 million valuation. The 113,723-square-foot building, which includes an outpatient surgical center and medical offices, is being sold for more than $351 per square foot. Värde Partners is a leading global alternative investment firm... Read More »Montecito Medical Buys Chesterton, Indiana Ambulatory Surgery Center
Montecito Medical Real Estate, a leading buyer of medical office properties nationwide, announced that it has acquired a 9,200-square-foot outpatient ambulatory surgery center (ASC) in Chesterton, Indiana. The property is 100% occupied by Dune Grass Surgical Suites. Providers at the property, which was completed in 2022, perform orthopedic and spine surgeries. 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. The Chesterton property represents Montecito’s eighth acquisition in the greater Chicago MSA in the past... Read More »
Surgery Partners Acquires 14 Wisconsin-based Groups
On August 6, Surgery Partners, backed by Boston-based private equity firm Bain Capital, announced that it entered into an agreement to acquire 14 Wisconsin-based orthopedic groups and two ambulatory surgery centers (ASCs) from The Orthopedic Institute of Wisconsin. Surgery Partners is a leading operator of surgical facilities and ancillary services. It has more than 180 locations in 32 states, including ambulatory surgery centers, surgical hospitals, multi-specialty physician practices and urgent care facilities. The Orthopedic Institute Of Wisconsin is a medical group practice with three locations across the state. According to its website, it has 18 physicians on... Read More »
SurgNet Health Partners Buys ASC in Tuscaloosa, Alabama
SurgNet Health Partners, Inc. announced on August 8 a partnership with Tuscaloosa Endoscopy Center, a leading provider of gastrointestinal diagnostic and therapeutic endoscopic procedures in West Alabama. The deal closed on July 3, 2024. Tuscaloosa Endoscopy Center is an ambulatory surgery center (ASC) in Tuscaloosa, Alabama. Led by board-certified gastroenterologists Dr. AB Reddy, Dr. Rekha Khurana and Dr. Kartika Reddy, Tuscaloosa Endoscopy Center has been a staple in the region since it was founded in 1982. SurgNet Health Partners is a Nashville-based ambulatory surgery center development and management company. SurgNet was founded in 2022 with backing from three private equity firms:... Read More »
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 »Schedule a demo
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