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.
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.
ABOUT THE SANDERS TRUST:
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 21 states valued over $1 Billion.