May 10, 2017 Comments Off on Three-State, Six-Hospital Portfolio Sold for $138M Views: 480 Arizona, Healthcare News, Medical Office Building, National News, Off-Campus Facilities, Pennsylvania, Southeast, Tennessee, Texas

Three-State, Six-Hospital Portfolio Sold for $138M

Nashville, TN-based Healthcare Realty Trust sold six inpatient rehabilitation hospitals located across three states. In two transactions, affiliates of Global Medical REIT and Carter Validus Mission Critical REIT each purchased three hospital facilities, with a combined total of 376 beds and a total acquisition price of $137.6 million.

The hospitals are located in Austin, Dallas and Beaumont, TX, Mechanicsburg and Altoona, PA, and Mesa, AZ. The hospitals are operated by HealthSouth, and are part of its network of 121 total hospital locations, as well as by Post Acute Medical, which operates 31 hospitals nationally, including 14 inpatient rehabilitation facilities.

JLL Capital Markets’ Mindy Berman, Daniel Turley, Steve Leathers and Brannan Knot handled the sale.

Berman said, “All six hospitals are strong post-acute rehabilitation facilities with leading national operators that benefit from locations near acute care hospitals that are critical for patient discharges, making these incredibly valuable inpatient facilities.”

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