Carter Validus Mission Critical REIT II is a public, non-traded company based in Tampa, Fla.,while HPI owns and operates hospitals and medical ancillaries in the Oklahoma City metropolitan area.
Here are six things to know about the acquired properties.
1. The nine acquired properties include two acute care hospitals and seven integrated medical facilities in and around Oklahoma City.
2. One of the acquired hospitals is a 31-bed acute care hospital that offers orthopedic, neurological and general surgery services, as well as eye, ENT, urological and gynecological procedures.
3. The other acquired hospital is a newly constructed, two-story, 14-bed acute care hospital that offers inpatient and outpatient surgery and imaging with MRI, CT, X-ray, fluoroscopy, and ultrasound services. Additionally, this location houses orthopedic, gynecology and cardiology physician offices.
4. Among the acquired integrated medical facilities is a one-story facility that houses a professional medical practice that provides family medicine and accident care. There is also an acquired facility that houses physician practices that provide orthopedic spine and hand services along with general family medical care.
5. Overall, the acquired HPI Portfolio comprises approximately 328,000 rentable square feet, with an aggregate purchase price of approximately $116.5 million.
6. In a news release, Michael A. Seton, president of CVMC REIT II, said of the acquired HPI Portfolio, “As we assemble the Carter Validus Mission Critical REIT II portfolio, we seek to continue to add value with the addition of assets. This portfolio is an ideal acquisition for CVMC REIT II and should complement the overall value of our existing investment portfolio of healthcare and data center real estate.”
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