Investor buys CVS Health, North Valley Surgery Center property for $16M: 3 details

A two-building office complex in Scottsdale, Ariz., was sold for $16.38 million, Phoenix Business Journal reports.

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What you should know:

1. The Raintree Office Center is fully leased to Scottsdale-based North Valley Surgery Center, CVS Health and Dubuque Bank and Trust.

2. Robert Walker sold the property to Scottsdale Investment Management.

3. North Valley Surgery Center is an HonorHealth-affiliated, physician-run ASC with accreditation from the Accreditation Association for Ambulatory Healthcare. HonorHealth is based in Scottsdale.

More articles on transactions/valuation:
Why hospitals & health systems are increasingly seeking ASC ownership: Avanza Healthcare Strategies’ Joan Dentler explains
Houston Methodist Baytown Hospital opens outpatient center — 4 insights
Ophthalmology’s ASC component & 4 more factors attracting PE firms

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