|By PR Newswire||
|January 2, 2013 06:37 PM EST||
NEW YORK, Jan. 2, 2013 /PRNewswire/ -- American Realty Capital Healthcare Trust, Inc., ("ARC Healthcare" or the "Company") announced today that, in the fourth quarter of 2012, it closed the acquisition of 14 assets, located in nine states with 0.7 million total rentable square feet at a contract purchase price of $216.4 million, exclusive of closing costs. The acquisitions were in line with the Company's core investment strategy of building a balanced and diversified portfolio of newly constructed, high quality, predominantly private pay healthcare real estate assets focused on three primary asset types: medical office buildings, seniors housing and selected post-acute facilities. The $216.4 million in fourth quarter acquisitions includes $128.0 million of investments which were previously announced.
In addition to the previously announced acquisitions, ARC Healthcare's fourth quarter acquisitions included six medical office buildings and one post-acute facility, anchored by leading hospital systems and healthcare service providers. Those seven properties total 254,779 square feet and are located in seven different states representing an aggregate purchase price of $88.4 million. Further detail about these seven buildings acquired in the fourth quarter of 2012 is provided below.
Rush-Copley Building II is located in Aurora, Illinois and was purchased for $25.6 million, exclusive of closing costs. The property, which is located on the campus of Rush Copley's Aurora Hospital, is leased to three tenants, including entities that are affiliated with the Rush University Medical Center Health System.
The Michiana Hematology Oncology Medical Office Building was purchased for $21.7 million, exclusive of closing costs. The property is located adjacent to St. Joseph's Regional Medical Center in Mishawaka, Indiana and is leased to Michiana Hematology Oncology, PC, which was formed in 1968 and is one of the largest teams of board-certified oncologists in Northern Indiana.
The 16 New Scotland Medical Office Building, purchased for $15.0 million, exclusive of closing costs, is located adjacent to the Albany Medical Center, which is a 484-bed acute care hospital campus located in Albany, New York and one of three tenants that occupy 100% of the property.
North Valley Orthopedic was purchased for $9.0 million, exclusive of closing costs. The ambulatory surgery center is located in Phoenix, Arizona and is leased to North Valley Orthopedic Surgery Center, LLC, a joint-venture between AmSurg Holdings, LLC ("AmSurg") and twelve independent physicians that practice at the facility. AmSurg, which operates 228 surgery centers nationally, was founded in 1992 to develop, acquire and operate ambulatory surgery centers in partnership with physicians throughout the United States.
The Cancer Center at Metro Village was purchased for $6.2 million, exclusive of closing costs. The property is located in Wyoming, Michigan adjacent to the Metro Health Hospital ("Metro"), which is a 208-bed general acute-care osteopathic teaching hospital. The facility is leased to Metro and operated with their joint-venture partner, the Michigan Health Corporation, a part of the University of Michigan.
Care Meridian La Mesa, a state-of-the-art sub-acute rehabilitation facility which specializes in caring for patients suffering from catastrophic brain and spine injuries, was purchased for $6.0 million, exclusive of closing costs. The property is leased to Care Meridian, LLC, a subsidiary of National Mentor Holdings, Inc., which guarantees the obligations of the tenant.
Blue Ridge Medical Building was purchased for $4.9 million, exclusive of closing costs. The medical office building is leased to Wellmont Health Systems, a not-for-profit, integrated health system with a regional network of hospitals and healthcare facilities serving patients in Northeast Tennessee and Southwest Virginia.
With these most recent acquisitions, the Company's total portfolio is comprised of 50 properties representing an aggregate contract purchase price of $673.0 million.
"We were very active during the quarter, selectively deploying the capital we are successfully raising into high quality healthcare real estate assets," said American Realty Capital Healthcare Advisors Chief Executive Officer, Thomas P. D'Arcy. Mr. D'Arcy continued, "During 2012, we have invested a total of $508.1 million into 36 properties as we continue to build a balanced and diversified portfolio of healthcare properties fully focused on taking advantage of the dynamic and emerging trends occurring in healthcare today."
ARC Healthcare is a publicly registered, non-traded real estate investment program. Additional information about ARC Healthcare can be found on its website at www.thehealthcarereit.com.
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words.
SOURCE American Realty Capital Healthcare Trust, Inc.
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 26, 2016 10:00 PM EDT Reads: 2,664
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 26, 2016 09:45 PM EDT Reads: 2,953
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 26, 2016 09:30 PM EDT Reads: 2,730
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 26, 2016 08:45 PM EDT Reads: 3,378
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 08:45 PM EDT Reads: 2,150
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 26, 2016 08:30 PM EDT Reads: 1,590
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 26, 2016 08:00 PM EDT Reads: 2,888
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 07:30 PM EDT Reads: 331
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 26, 2016 05:15 PM EDT Reads: 1,595
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Sep. 26, 2016 05:15 PM EDT Reads: 2,604
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Sep. 26, 2016 05:00 PM EDT Reads: 1,837
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 05:00 PM EDT Reads: 2,727
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 26, 2016 04:30 PM EDT Reads: 2,118
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 26, 2016 04:30 PM EDT Reads: 1,621
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 26, 2016 04:15 PM EDT Reads: 1,035