Dallas-based Tenet Healthcare just announced an agreement to sell five Alabama hospitals and related operations to Orlando Health for approximately $910 million. The transaction is expected to be completed in the fall of 2024.
The blockbuster deal is probably the largest non-merger MOB portfolio sale thus far in 2024. The price is based on information compiled by healthcare real estate data from Revista.
As the population ages and the youngest of the Baby Boomers enter their 60s, the need for in-person health care is increasingly critical. But some markets in the U.S. are experiencing more demand than others, and as a result, some MOB spaces are commanding top dollar.
Receive newly posted industry news and information delivered right to your email inbox!
