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Global Medical REIT Closes Deals Ahead of Schedule

BETHESDA, MD--The Great Bend Regional Hospital and the Oklahoma Center for Orthopedic & Multi-Specialty Surgery acquisitions were originally slated to close in Q2.

By Erika Morphy | erikamorphy | Updated on April 05, 2017

Great Bend Regional Hospital Great Bend Regional Hospital

BETHESDA, MD–Global Medical REIT, which has been on an acquisition tear since its initial public offering last year, has closed on two previously-announced transactions a bit earlier than it anticipated.

Originally it said that its purchase of the Great Bend Regional Hospital in Great Bend, KS and the Oklahoma Center for Orthopedic & Multi-Specialty Surgery in Oklahoma City, OK, would close in the second quarter. The deals closed in the first quarter, the REIT now reports. Great Bend Regional Hospital traded for $24.5 million and the Oklahoma facility sold for $49.8 million.

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