ASCs Inc. and J.H. Winokur closed an ASC real estate sale-leaseback transaction for Sunrise, Fla.-based Baptist Eye Surgery Center. The ASC is a partnership between majority owner Baptist Health South Florida and 11 eye surgeons. The surgeons owned the real estate lease and the sale was made using the existing lease and rent; as a result, there wasn’t a change in the center’s financial performance. With five years left on their original lease, the ASC owners sold it to a private investor in a 1031 exchange. Baptist Health South Florida’s credit and the historical operating results of the physician partners made the center attractive to the investor.
Read the full article: Florida ASC Closes Real-Estate Sale-Leaseback Transaction //
Source: https://www.beckersasc.com/asc-transactions-and-valuation-issues/florida-asc-closes-real-estate-sale-leaseback-transaction-4-details.html