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Global Medical REIT closes 2 acquisitions worth $74M

Global Medical REIT, a Bethesda, Md.-based company engaged in the acquisition and leasing of healthcare facilities, closed on two previously announced acquisitions totaling $74 million March 31.

The acquisitions include Great Bend (Kan.) Regional Hospital and the Oklahoma City-based Oklahoma Center for Orthopedic & Multi-Specialty Surgery.

"I am very pleased that we were able to successfully complete the acquisition of these two facilities during the first quarter of 2017 and that we closed the acquisitions ahead of our previously reported anticipated timing of during the second quarter," said David Young, CEO of Global Medical REIT. "Both are outstanding additions to our portfolio of properties and bring our total acquisitions for the first quarter of 2017 to approximately $108 million."

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