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The Sanders Trust Buys Las Vegas Healthsouth Hospital For $17M

Tuesday | May 10th, 2011

The Sanders Trust said it recently purchased a HealthSouth hospital in Nevada for $17 million.

Desert Canyon
The locally owned Sanders Trust acquired the HealthSouth Desert Canyon Rehabilitation Hospital, a 50-bed facility in Las Vegas, owned and operated by Birmingham-based HealthSouth, said a news release. HealthSouth (NYSE: HLS) is now a long-term tenant with Sanders Trust and will continue to operate the 53,000-square-foot hospital.

“This acquisition furthers (Sanders Trust’s) investment strategy of adding $100 million this year to its portfolio by acquiring and developing medical office buildings, inpatient rehabilitation hospitals, long-term acute care hospitals and ambulatory surgery centers,” said Steve B. Hewett, senior vice president at Sanders Trust.

Desert Canyon

The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals and specialty hospitals nationwide. Headquartered in Birmingham, Alabama, The Sanders Trust has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired properties in 25 states valued over $1 Billion.
The Sanders Trust
1000 Urban Center Drive | Suite 675
Birmingham, Alabama 35242
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Fax: 205-298-0810
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