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 »
National Dental Healthcare REIT Expands Footprint Across Eight States
National Dental Healthcare REIT (NDH REIT), a member of the Thurston Group portfolio, has announced the completion of its latest real estate acquisition. The acquisition, finalized on June 28, 2024, includes 13 properties located across New York, Oklahoma, Florida, Texas, Indiana, Ohio, Georgia and Virginia. NDH REIT partners with dental care providers in the general dental and specialty dental fields who own their real estate. NDH REIT was formed in mid-2020 by Thurston Group, a private equity firm focused on investments in healthcare service companies. The acquisition of the properties increases NDH REIT’s total portfolio to 187 properties, with a combined acquisition value of $234... Read More »
Cushman & Wakefield Arranges Acquisition Financing for MOB Portfolio in Paducah, Kentucky
Cushman & Wakefield announced that it represented investor Montecito Medical Real Estate in securing $15 million in bank financing for a medical outpatient building (MOB) portfolio in Paducah, Kentucky. The acquired assets include two MOBs in Paducah, Kentucky. The two-building portfolio consists of 100 Clint Hill Boulevard, which totals 18,610 square feet, and 200 Clint Hill Boulevard, which totals 43,346 square feet, on approximately 14 acres near U.S. Highway 62 and Interstate 24. It is fully occupied by Mercy Health-Lourdes Hospital LLC, an affiliate of Bon Secours Mercy Health. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding.... Read More »
