Accretive Realty Advisors Announces Purchase Infrastructure and Investment
January 22, 2013
Accretive Realty Advisors Announces Purchase
Accretive Realty Advisors Inc., an Irvine-based real estate investor that specializes in medical properties, recently announced it bought the 20,000-square-foot Pacific Park Medical-Dental building, a three-story property next to the San Joaquin Hills toll road 73, for an undisclosed price.
The company also owns a similar sized medical office on 24502 Pacific Park Drive, next to Kaiser Permanente. It paid $7 million for the building.
“The area’s strong demographics, household incomes and close proximity to the Mission and Saddleback hospitals provides for an excellent patient base and payer mix for our valued medical tenants,” said Accretive CEO Thomas LeBeau.
-Alliance Healthcare Services Establishes Two Oncology Centers
Newport Beach-based Alliance HealthCare Services Inc., a leading national provider of outpatient diagnostic imaging and radiation therapy services, said it has established two more oncology therapy centers —St. Louis CyberKnife and Rush Radiosurgery.
The centers were created through separate joint ventures with US Radiosurgery and represent a combined $10 million investment.
“These significant partnerships will enable us to expand our footprint as a provider of state-of-the-art oncology centers while also strengthening our portfolio in radiation therapy services,” said Larry Buckelew, chairman of the board and interim CEO of Alliance.
-Ensign Group Makes Acquisitions
Mission Viejo-based Ensign Group Inc., which owns and operates nursing homes and home healthcare businesses and hospices, recently announced the acquisition of a home healthcare provider and hospice operator in separate cash deals.
The two acquisitions are Puget Sound Home Health, a home healthcare provider in Tacoma, Wash., and Emblem Hospice, part of Clive, Iowa-based Saint Jude Healthcare LLC.
Ensign said it paid cash, but declined to disclose the price.
-Sabra Health Care Releases Income Forecast
Irvine-based real estate investor Sabra Health Care REIT Inc., which owns nursing homes and other healthcare providers, said it expects revenue of between $68.6 million and $70.1 million in funds from operations for 2013.
It also expects net income between $38.2 million and $39.7 million for the year ahead. It expects to pay shareholders a quarterly dividend of 34 cents per share of common stock in February.