Here are seven orthopedic hospital, ASC and medical office building transactions, which totalled $280 million this year:
1. Ascension St. Vincent Orthopedic Hospital and its medical office building in Newburgh, Ind., was sold for $88 million. The 136,000-square-foot building, completed in 2019, has 10 operating rooms, 48 beds and several medical office suites.
2. Nashville, Tenn.-based Montecito Medical purchased Beachwood (Ohio) Medical Center, which specializes in spine, orthopedics and pain management, for $58.3 million.
3. A medical office building housing a Twin Cities Orthopedics surgery center and urgent care clinic in Burnsville, Minn., sold for $52 million.
4. Chicago-based MB Real Estate Healthcare bought the Arizona Spine & Joint Hospital building in Mesa for $25 million. The 23-bed hospital has 28 physicians, four operating rooms and two pain treatment rooms.
5. Montecito Medical purchased an orthopedics-focused medical office building and ASC in Leland, N.C., for $23.7 million. The 55,590-square-foot property was built in 2019 for Raleigh, N.C.-based EmergeOrtho, which occupies 100 percent of the building.
6. Phoenix-based OrthoArizona sold its medical office building and ASC real estate in Gilbert, Ariz., for $23.6 million to a private equity group focused on healthcare real estate. OrthoArizona is a joint venture between physician owners and Dallas-based United Surgical Partners International.
7. A three-building portfolio anchored by El Paso-based Sun City Orthopaedics and West El Paso Surgical Center was sold to a medical real estate investment trust for $9.5 million.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
