Fengate Acquires 16 Medical Outpatient Facilities In The United States

Fengate Asset Management just announced the expansion of its healthcare infrastructure portfolio through the acquisition of 16 medical outpatient facilities across the United States.

This acquisition increases Fengate’s healthcare infrastructure portfolio to more than 80 facilities, representing over $1 billion in assets under management. The newly acquired properties deliver high-acuity healthcare services—including ambulatory surgery, radiology, oncology, and orthopedics—to communities in 10 states.

“This acquisition aligns with our strategy of developing and acquiring specialized, mission-critical healthcare infrastructure assets anchored by leading health systems and private operators,” said Mac Bell, Managing Director and Head of Social and Transportation Infrastructure at Fengate.

Fengate completed the acquisition in partnership with Montecito Medical and is managing the investment on behalf of Fengate Infrastructure Fund IV and its affiliated entities, including the LiUNA Pension Fund of Central and Eastern Canada.

Source: Toronto Star