Grubb & Ellis Healthcare Acquires Joplin Long-Term Acute Care Hospital

Grubb & Ellis Healthcare REIT II, announced its acquisition of Joplin Long-Term Acute Care Hospital in Joplin, Mo., after the transaction closed on Aug. 31, according to a Market Watch news release.

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The Joplin hospital is located between Missouri, Oklahoma, Arkansas and Kansas, and receives significant referrals from St. John’s Regional Medical Center.

Joplin Long-Term Acute Care Hospital is leased through 2025 by Landmark Holdings of Missouri, and it is the second of a $42 million, four-property portfolio of regional long-term acute care hospitals being acquired by the Grubb & Ellis real estate investment trust, according to the release.

Read the Market Watch news release on the Grubb & Ellis Joplin acquisition.

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