Physicians Realty Trust, a healthcare real estate investment firm based in Milwaukee, has acquired Foundation Surgical Hospital of San Antonio for almost $19 million.
In addition to acquiring the 20-bed physician-owned hospital, Physicians Realty Trust acquired a nearby medical office building for $6.8 million. Both deals are subject to customary closing conditions.
Foundation Healthcare, the parent of Foundation Surgical Hospital of San Antonio, owns 51 percent of the hospital, while 19 surgeons own the other 49 percent.
In September, Physicians Realty Trust completed a $40 million acquisition of Foundation Surgical Hospital of El Paso (Texas) and an adjoining MOB. In July, Graymark Healthcare, a sleep management company based in Oklahoma City, Okla., acquired Foundation Surgery Affiliates and Foundation Surgical Hospital Affiliates.
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