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Montecito Medical Acquires Nashville-Area Oncology Facility

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Montecito Medical, a leading acquirer of medical office properties nationwide, has partnered with Sable Investments to acquire a medical facility in Franklin, Tennessee, that is home to one of the most advanced cancer treatment devices in the nation.

The Tennessee Oncology Proton Center, which represents a total of approximately 45,000 square feet, is 100% occupied by Tennessee Oncology under long-term lease.

“We are thrilled to acquire this highly specialized medical real estate asset that is an important center for the delivery of cancer care in Middle Tennessee,” said Bryan Brown, Senior Vice President of Acquisitions at Montecito Medical.

Proton therapy is an advanced form of radiation therapy that uses protons, or positively charged particles, to precisely target and treat cancerous tumors. This innovative treatment offers numerous benefits, including minimal damage to surrounding healthy tissue and fewer side effects.

OneOncology, the national platform partner of Tennessee Oncology, coordinated the relationship between Montecito Medical, Sable Investments, and Tennessee Oncology. Sable Investments and Montecito Medical principals include J.L. Holloway and Greg Merriman.

“Expanding services across the continuum of care is a core OneOncology strategy that helps our partner practices continually innovate and deliver cutting-edge care to their patients,” said Jeff Patton, MD, CEO of OneOncology and Chairman of Tennessee Oncology. “We’re proud to play a role to ensure patients have access to proton therapy in our community.”

Tennessee Oncology is a nationally recognized team of cancer care specialists and one of the country’s largest, physician-owned, community oncology practices. The group’s comprehensive range of cancer care services includes specialized oncology nursing care, laboratory services, pharmacy, outpatient chemotherapy, radiation therapy, PET/CT services, palliative care, patient and family education and financial support services. Founded in 1976, Tennessee Oncology serves adult cancer patients from South Central Kentucky through Middle Tennessee to Northwest Georgia.

“It is exciting for us to expand our presence in our headquarters’ state, especially when the providers at this property care for some of our neighbors in the Nashville area,” said Chip Conk, CEO of Montecito Medical.

 

Source: Benzinga

Willow Park Endoscopy Center and Clinic, Willow Park TX

Montecito Medical Acquires New Medical Office Building In Dallas-Fort Worth Area

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Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a medical office property in the Dallas-Fort Worth Metroplex.

The new, 12,144 square-foot building, tenanted by Willow Park Endoscopy Center and Clinic, is located in Willow Park, a growing community on the west side of Fort Worth.

“We are delighted to acquire yet another brand-new medical office asset in the DFW Metroplex, adding to the number of properties in the Metroplex that are part of our portfolio,” said Bryan Brown, Senior Vice President of Acquisitions at Montecito Medical.

Kyle A. Libby of MedCore Partners represented the seller in the transaction.

Willow Park Endoscopy Center and Clinic is a joint venture between GI Alliance, SCA Health, and Texas Health Resources.

GI Alliance is the largest, physician-led gastroenterologist group in the United States. Texas Health Resources is one of the largest faith-based, nonprofit health systems in the United States and the largest in North Texas in terms of inpatients and outpatients served. SCA Health is a specialty care company providing a wide range of care to patients in centers nationwide.

In the past two years, Montecito has acquired more than 15 medical office properties across the Dallas-Fort Worth Metroplex.

“We are thrilled for the opportunity to build on the relationships we have established with GI Alliance and Texas Health Resources as we actively expand our large and growing footprint across the DFW area,” said Chip Conk, CEO of Montecito Medical.

 

Source: HREI