SOLD
WICHITA, KANSAS
AWARD-WINNING SPECIALTY HOSPITAL & ADJACENT MEDICAL OFFICE BUILDING
Sale Announcement
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of the award-winning Kansas Spine & Specialty Hospital (KSSH) and the adjacent medical office building (collectively, the Portfolio).
Located in Wichita, KS, Kansas Spine & Specialty Hospital is a regional center for the diagnosis and treatment of disorders of the spine, neck, and joint. Dedicated to improving the quality of life for their patients, the physicians of KSSH practice a team approach, providing patients with access to a specialized team of surgeons, anesthesiologists, neuroradiologists, internal medicine physicians, and nurses.
Kansas Spine & Specialty Hospital was founded in 2003 and is physician-owned in partnership with Surgery Partners. With 35 licensed in-patient beds, seven (7) operating rooms, two (2) procedure rooms, utilizing state-of-the-art Robotic-Arm Assisted Surgery, as well as the most advanced imaging technology, SSH provides a unique offering on the Great Plains, including a comprehensive diagnostic center, an array of treatment modalities, and highly trained surgeons, designed to provide individualized care from its compassionate and highly trained staff.
As a physician-owned surgical hospital, KSSH has a primary focus in spine and joint surgical procedures, serving a 10-county region with a population of nearly 800,000. KSSH is also an award-winning hospital that has been recognized for its clinical excellence by many surveys, including Top-100 Best Spine Surgery Excellence Award for Hospitals (2020, 2021, 2022) and America’s Best Hospitals for Joint Replacement Award (2021 & 2022).
Connected to KSSH, Abay Medical Plaza is home to the Pain Center at Kansas Spine & Specialty Hospital and Abay Neuroscience Center. Both groups are affiliated with KSSH and offer patients convenient access to a range of treatment options related to pain management, neuroscience, and physical therapy, and serve as a patient referral source for spine, neurosurgery, and orthopedic procedures.
“As a patient-focused and physician-owned specialty hospital, KSSH provides exceptional surgical and medical care in an environment of personalized service. With many areas of the country without neurosurgical coverage, this has resulted in higher patient volume for the Hospital,” said Christopher Stai, Managing Director of HREA. “What made this transaction more nuanced was the planned joint venture with Surgery Partners, which occurred simultaneously with the sale of the real estate. We worked closely with their advisor, Matt Searles and Merritt Healthcare Advisors to accomplish a successful outcome for both the real estate and the merger.”
About HREA
HREA | HEALTHCARE REAL ESTATE ADVISORS is a national leader in advising healthcare providers and real estate owners with various monetization strategies, including disposition, debt & equity recapitalization, and tax-deferred structures, such as the Hybrid Sale-Leaseback®, §1031 Exchange, and UPREIT.
HREA’s capabilities also include providing health systems and physician groups with 100% nonrecourse financing for new development and expansion, as well as monetizing surplus and non-essential real estate assets.
The founders of HREA have completed over $4 billion of healthcare real estate sale transactions in nearly every state in the U.S. With an exclusive focus on healthcare real estate, HREA has a unique perspective of this rapidly evolving industry that provides solutions customized to each client’s goals and objectives.
ABOUT HREA | OUR SERVICES | REPRESENTATIVE TRANSACTIONS | NEWS | CONTACT US
CHRISTOPHER L. STAI, CPA
Managing Director
480.433.3494
cstai@healthcareREA.com
CA Broker License #: 01836740
NC Broker License #: 337848
Raleigh, NC
MICHAEL ALTIERI, CCIM
Director
704.770.8483
maltieri@healthcareREA.com
NC: 234557
Charlotte, NC
RYAN V. MICHAELS
Senior Associate
760.815.0421
rmichaels@HealthcareREA.com
CalDRE: 02132328
San Diego, CA
JANTZEN B. GONGON
Director of Marketing
619.894.5949
jgongon@healthcareREA.com
San Diego, CA
HREA | Healthcare Real Estate Advisors , Raleigh, NC 27614
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