Ohio spine hospital building sold for $58.3M

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

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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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