Children’s Hospital & Medical Center Nebraska to purchase 7-acre lot from Methodist Health

Omaha, Neb.-based Children’s Hospital & Medical Center signed an agreement to purchase a portion of a 12-acre lot from Omaha-based Methodist Health System for just under $10 million, according to The World Herald.

Advertisement

The 12-acre property, located in Omaha, was put up for sale by Methodist in September.  Children’s Hospital & Medical Center will utilize seven acres of the property. The remaining land was sold to NP Dodge Co, a real estate firm.

“[The purchase] is really to keep us in the center of Omaha for the rest of the century,” said Richard Azizkhan, MD, Children’s president and CEO told The World Herald.

The additional seven acres will increase Children’s footprint in Omaha to approximately 22 acres.

Hospital officials have yet to determine the property’s use, according to the report.

More articles on transactions and valuations:
Owens & Minor to acquire surgical and prevention medicine business for $710M
Rice Memorial board OKs partnership with CentraCare, ACMC Health
FTC argues for preliminary injunction to halt Sanford, Mid Dakota merger

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.