During the second quarter of 2014, self-managed healthcare real estate company Physicians Realty Trust acquired the Surgical Institute of Monroe (Mich.) Ambulatory Surgery Center facility.
The company closed the purchase and master lease of the ASC on July 28. The total purchase price was $6 million with a first year unlevered yield of 8 percent.
The Surgical Institute of Monroe Ambulatory Surgery Center is a 24,000-square-foot, single-specialty surgery center.
Read more Physicians Realty Trust second quarter financial highlights.
More articles on transactions and valuation issues:
5 recent ASC expansions
12 statistics on ASC growth, 2007 to 2012
Symbion revenue leaps 7%: 5 2Q financial result insights
The company closed the purchase and master lease of the ASC on July 28. The total purchase price was $6 million with a first year unlevered yield of 8 percent.
The Surgical Institute of Monroe Ambulatory Surgery Center is a 24,000-square-foot, single-specialty surgery center.
Read more Physicians Realty Trust second quarter financial highlights.
More articles on transactions and valuation issues:
5 recent ASC expansions
12 statistics on ASC growth, 2007 to 2012
Symbion revenue leaps 7%: 5 2Q financial result insights