(205) 298.0809
1000 Urban Center Suite 675
Birmingham, AL 35242

The Sanders Trust Acquires Four Clinics For $11.9 Million

Thursday | February 5th, 2015

BIRMINGHAM, Ala. – The Sanders Trust, one of the nation’s leading medical real estate investment companies, has announced its acquisition of four healthcare clinics representing a total of $11.9 million and 45,932 square feet. The clinics are located in key suburbs in Indiana, Georgia, and Pennsylvania and reflect a national trend of health providers locating services in settings that are convenient and accessible to the communities they serve.

The Sanders Trust’s most recent acquisition, the 15,000-square-foot Collegeville Park Medical Center, is situated off of South Collegeville Road in Collegeville, PA and is surrounded by residential housing, dining, and a community park. The facility is anchored by Jefferson Outpatient Imaging, an affiliate of Thomas Jefferson University Hospitals, and a member of Jefferson Health System, Inc., the largest health system in Southeastern Pennsylvania.

“Increasingly, healthcare providers are choosing to position themselves on main thoroughfares or near retail centers rather than on or near hospital campuses as with traditional medical office buildings,” said Steve B. Hewett, senior vice president of The Sanders Trust. “These facilities are not only convenient for patients, but also tend to be more efficient and less costly to operate. Although they often differ in size and location relative to traditional facilities, these assets are strategically relevant to healthcare providers.”

The Sanders Trust also recently completed its acquisition of two multi-specialty clinics located in the Atlanta suburbs of Peachtree City and McDonough, Georgia. The stand-alone clinics have a combined total of 18,205 square feet and are leased by Emory Specialty Associates and Emory Hospital-Midtown, affiliates of the prestigious Emory Healthcare. Services provided include primary care and diagnostic imaging.

Similarly, The Sanders Trust acquired Orthopaedic Associates and Deaconess MOB located near Evansville, IN. The 13,000-square-foot facility is leased to Orthopaedic Associates, an independently owned and operated orthopaedic clinic, as well as Deaconess Health System, a premier provider of healthcare services in the Tri-State area.

“These acquisitions further The Sanders Trust’s investment strategy of adding $100-$200 million each year to its portfolio,” said Hewett.

Norwood Rehabilitation Hospital Cincinnati(Pictured from left to right: Collegeville Park Medical Center, Emory Healthcare, and Orthopaedic Associates and Deaconess MOB)

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 30 states.
The Sanders Trust
1000 Urban Center Drive | Suite 675
Birmingham, Alabama 35242
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Fax: 205-298-0810
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