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New Deal


Announced

Completed

Montecito Medical completed the acquisition of medical office properties.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

Real Estate Holding and Development

Friendly

Majority

Real Estate

Single Bidder

Completed

United States

real estate

Acquisition

Synopsis

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Montecito Medical, a real estate opportunistic fund, completed the acquisition of medical office properties. Financial terms were not disclosed. “We are pleased to have been selected as the buyer of these prime assets, which are part of a master-planned community focused on populations that are the largest consumers of healthcare services. We are especially pleased to begin a relationship with CHRISTUS Ochsner Health and with a respected orthopedic practice that is the area’s leading provider in its specialty,” Bryan Brown, Montecito Medical Senior VP.

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