Stage Equity Partners LLC announced the recent acquisition of The Center for Outpatient Medicine in Bloomington, Ill. (Photo courtesy of Stage Equity Partners)
CHICAGO (April 17, 2017) – Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) announced the recent acquisition of The Center for Outpatient Medicine (TCOM), a 45,150 square foot multi-specialty outpatient surgical center in Bloomington, Illinois. According to Principals Brian Howard and Russell Brenner, Stage purchased the hospital- affiliated property from the physician owners of TCOM for $14.5 million in a sale-leaseback transaction. Financing was provided by MB Financial, a leading Chicago lender.
The property is 100% leased to TCOM which is majority owned by Advocate Health Care and Carle Clinic, as well as 18 physicians. Strategically located near two acute care hospitals, it has been a leading surgery center operator in the McClean County market for over 25 years. TCOM is accredited for ambulatory surgery and the operation of a unique overnight recovery care center, with state approved Certificates of Need (CON’s) for each.
“TCOM is an excellent, strategic addition to our growing national portfolio,” says Stage partner Russell Brenner. “We were particularly attracted to the project because of its long-established position within the market, hospital affiliation and two Certificates of Need.”
“TCOM has a deep roster of talented physicians with strong prospects for continued growth,” adds Brian Howard, Stage partner.
TCOM is located at 2502 East Empire Street in Bloomington, Illinois, the McClean County seat midway between Chicago and St. Louis.
About Stage Equity Partners
Stage Equity Partners LLC (www.stageequity.com) is a privately held, healthcare real estate investment company headquartered in Chicago (Skokie, Ill). Stage acquires, develops and manages medical office buildings, both on its own and for its investor partners, in top markets around the U.S. Its current portfolio contains assets in six states with an aggregate value of over $150 million. Stage targets acquisitions in the $5 million to $25 million range, with locations in strong, established demographic areas in close proximity to dominant hospital systems or other significant demand drivers.
LINKS:
Stage Equity Partners, LLC: www.stageequity.com
The Center for Outpatient Medicine: https://www.centerforoutpatientmedicine.com/bromenn/
PRESS CONTACTS representing Stage Equity Partners LLC:
Brian L. Howard
President
Stage Equity Partners, LLC
Office: (847) 410-1076
bhoward@stageequity.com
www.stageequity.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
