Joint venture to operate newly acquired ASC property in Arizona

Banner Health and Atlas Healthcare Partners will occupy and operate a newly acquired ASC property in Mesa, Ariz., in a joint venture, according to healthcare real estate developer NexCore Group.

The off-campus ASC — Orange Medical Pain Management — is in an 11,308-square-foot medical office building that was acquired by NexCore and investment management firm Harrison Street.

The facility is hospital-affiliated.

Banner Health and Atlas Healthcare Partners, an outpatient surgery center development and management company, are both based in Phoenix.

More articles on transactions/valuation:
PE-backed Prism Vision snags Maryland eye group — 4 insights
Florida ASC buyer projects $18M profit in 1st year: 5 details
Physician-owned eye group acquires California practice 

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