Ohio spine hospital building sold for $58.3M

Alan Condon -  

Nashville, Tenn.-based Montecito Medical has purchased Beachwood (Ohio) Medical Center, which specializes in spine, orthopedics and pain management, the Cleveland Jewish News reports.

The property was previously owned by Manna Isle Ohio, a physician-led company that owns and operates hospitals. The $58.3 million deal closed April 26, according to the report.

In 2018, Cleveland-based University Hospitals and Concord, Ohio-based Lake Health broke ground on the hospital, which opened in April 2019.

Lake Health joined University Hospitals April 16, bringing more than 3,000 caregivers and 600 physicians with it.


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