Children's Hospital Acquires 11-Acre Sterling Medical Center

WALTHAM, MA-As part of its effort to expand its network, Children’s Hospital Boston purchased Sterling Medical Center from Sterling Center LLC. Financial details of the deal were not disclosed, but the center was reportedly sold for $53 million.

“For the past year, our board and leadership team have been exploring ways to improve the delivery of care to our patients by expanding access and providing more cost-effective services,” says COO Sandra Fenwick. “Expanding the Children’s Hospital network–through purchases, such as Sterling, and by strengthening existing partnerships–is clearly the right way to achieve these goals.”

Sterling Medical Center is located at the former Waltham Hospital site and includes more than 400,000 sf of space on an 11-acre site near Route 95 and the Massachusetts Turnpike. Approximately 120,000 sf of space is currently leased to health care services. Among the tenants are Beth Israel Deaconess Medical Center’s oncology department and an urgent-care center run by Newton-Wellesley Hospital.