The Healthcare Trust of America has completed the acquisition of four long-term acute care hospitals, one in Georgia, one in Texas and two in Florida.
The combined purchase of the hospitals is approximately $102m, and the four hospitals contain approximately 217,710 rentable square feet and 209 licensed beds.
The four hospitals have been leased to and operated by Select Medical Corporation, and have an average remaining lease-term of 11 and a half years.
Healthcare Trust of America executive vice-president of acquisitions Mark D Engstrom said that the hospitals are an essential component of the future healthcare delivery system as they combine high acuity services with convenient access and a cost-effective treatment platform.
The four hospitals which have been acquired are The Select Augusta Hospital, the Select Dallas Hospital, the Select Orlando and the Select Tallahassee hospital.