MEQUON — The
Aurora East Mequon Surgery Center has been acquired by a
Tennessee-based owner of medical office properties.
The facility at
11203 Corporate Parkway in Mequon is leased by Aurora. The sale will
not have a direct impact on its day-to-day operations.
of the Mequon property was one of two in the greater Milwaukee area
announced in a news release Friday by Montecito Medical, which owns
medical office properties across the nation. The other affected
property is in Franklin.
total 129,629 square feet and are 100-percent master-leased to
Aurora Healthcare, the largest provider of inpatient and outpatient
care in Wisconsin, according to the news release.
excellent reputation and financial strength are second to none,”
said Chip Conk, chief executive officer of Montecito Medical. “The
unparalleled health care services that both facilities offer are
integral to maintaining Aurora Health Care’s standard of excellence
and continuum of care in Wisconsin.”
is anchored by two ambulatory surgery centers that provide patients
with a convenient, cost-effective setting for a wide range of
outpatient surgical procedures that do not require overnight
are integral to maintaining Aurora Health Care’s standard of
excellence and are equipped with state-of-the-art equipment and
technology, the news release added.
Built in 2001,
the 66,638-squarefoot Aurora East Mequon Surgery Center includes
five operating suites, an imaging room and two X-ray rooms.
the 62,991-square-foot Franklin Surgery Center, built in 2002,
includes four operating suites and two imaging rooms.
In addition to
general surgery, other surgical services provided by Aurora include
gastroenterology, orthopedics, ENT, urology, podiatry, cosmetic and
reconstructive surgery, pediatrics and vein.
Healthcare is a private, not-for-profit, integrated health care
provider headquartered in Milwaukee that is comprised of 14 wholly
owned hospital facilities, more than 150 physician clinic
facilities, approximately 70 pharmacies, a home health organization
and approximately 1,700 employed physicians. Aurora is among the
largest private employers in the state, with more than 31,000
employees, the news release added.
acquisition represents the first two medical office buildings/ASCs
in Wisconsin to join our rapidly expanding, high-quality portfolio,”
Conk said. “They perfectly complement our growth plans and
commitment to focus on acquiring best-in-class medical real estate
Medical is one of the nation’s largest privately held companies
specializing in health care-related real estate acquisitions and
funding the development of medical real estate.
Montecito is a
leading resource for both real-estate owners and health care
providers seeking to monetize or expand their holdings, according to
the news release.
offices in Nashville, Tenn., Austin, Texas, and Orange County,
Since 2005, the
company has acquired more than 102 medical office buildings or $1.7
billion in medical real estate, totaling more than 5 million square
feet in 25 states.
Montecito has more than $1 billion in capital available to expand
holdings in its medical office portfolio throughout the United
portfolio and health care system relationships include UCLA,
Cleveland Clinic, Johns Hopkins, Holston Medical Group, Carolinas
Health System, Bon Secours, Maine General, EmergeOrtho and State of
Franklin Healthcare Associates.