Cleveland, OH – September 29, 2017– Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Meridian Surgery Center and the adjacent affiliated medical office building (the “Properties”), totaling approximately 15,193 rentable square feet. BGL’s Healthcare Investment Sales team served as the exclusive advisor to the sellers in the transaction.
Located in Meridian, Mississippi, a Certificate of Need state, the Properties provide convenient patient care and access adjacent to the 215-bed Rush Foundation Hospital and the 400-bed Anderson Regional Medical Center North. The Properties are comprised of a 9,865 square foot freestanding outpatient surgery center and a separate 5,328 square foot medical office building. Meridian Surgery Center is a multi-specialty surgery center offering procedures in gastroenterology, ophthalmology, orthopedics, otolaryngology, pain medicine, general surgery, and oral and maxillofacial surgery.
The medical office building is occupied by Medical Arts Surgical Group, which is comprised of nine (9) physicians that also perform surgical procedures at MSC. MASG will sublease the medical office building from Meridian Surgery Center, LLC at identical terms as the Master Lessee. This strategic location in proximity to affiliated hospitals warrants long term stability for Meridian Surgery Center and the affiliated medical office building.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Diversified Industrials, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.