November 5, 2019
Halsen Healthcare, LLC acquired the Watsonville Community Hospital Campus in Watsonville, CA from Quorum Health Corporation. Halsen Healthcare subsequently completed a sale/leaseback of the facility at 75 Nielson St. with Medical Properties Trust, Inc.
Halsen Healthcare will operate the hospital and its facilities. Total cash proceeds from the transaction were roughly $39 million and will be used to repay outstanding principal on the Quorum’s term loan facility.
Located on 27-acres in the heart of California’s Central Coast, the campus consists of a 106-bed, general acute care hospital and two medical office buildings totaling 323,650 square feet. The hospital has been serving the tri-county area since 1895.
JLL’s Bryan Lewitt, Chris Isola, Kellie Hill and Justin Hill represented Halsen Healthcare in the transactions.
Lewitt says, “The sale/leaseback structure allows the company to have the capital to implement its business plan and better serve the community with premier medical services.”
For comments, questions or concerns, please contact Dennis Kaiser