IRA Capital plans to acquire the office building in Santa Ana, Calif., for $38.4 million, according to Connect California, a real estate news publication.
The freestanding, three-story building houses primary care services, an urgent care clinic, pharmacy and dialysis center.
“St. Joseph’s dominance in the local market, along with the specialized buildout and its long history at the property were some of the key factors in our investment decision,” said IRA Capital Partner Jay Gangwal.
St. Joseph Hospital is part of Providence, a large health system based in Renton, Wash.
More articles on healthcare industry transactions:
Baptist Health speeds up $361M deal for 9th hospital
For-profit hospital M&A update: 12 deals involving CHS, HCA and Quorum
Hoag sues to end Providence affiliation
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
