FOR IMMEDIATE RELEASE
Physicians spend less energy on real estate operations
Minneapolis, Minn. – July 15, 2022 – MedCraft Investment Partners, a dedicated investment platform focused exclusively on healthcare real estate, acquired a 2-building parcel including the South Bend Orthopaedics MOB located at 53880 Carmichael Drive and the Allied Physicians Surgery Center located at 53990 Carmichael Drive in South Bend, Indiana. The 36,269 SF MOB was built in 2000 on a 3.65 acre parcel and the 41,124 SF ASC was built in 2000 on a 4.37 acre parcel. South Bend Orthopaedics, a leading orthopaedic group in Indiana and providers of orthopaedic care to the Notre Dame Athletic Department, fully occupies both buildings.
When South Bend Orthopaedics decided to sell their buildings, they partnered with MedCraft Investment Partners to acquire the buildings. “We partner with healthcare providers to focus on their real estate operations, allowing the physicians more time to focus on healthcare delivery,” stated Michael Bennett, Managing Principal, MedCraft Investment Partners. “We understand healthcare real estate and have the experience and expertise to efficiently operate the buildings.”
The transaction closed on June 22, 2022 at $33M.
About MedCraft Investment Partners, LLC
MedCraft Investment Partners (MIP) is a unique investment platform built on integrity and decades of proven healthcare real estate expertise with customized client-driven solutions in developing, acquiring and managing health care facilities. We help identify, plan, and structure partnerships that result in greater economic value – while guiding against missteps that are commonly encountered along the way. For more information, please visit www.MedCraftIP.com.
Media Contact:
Jolene Ludvigsen Jludvigsen@medcraft.com
952-838-7126
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