Montecito Medical, one of the nation’s most active investors in medical office real estate, has acquired a Class A orthopedic and surgery center in Warwick, Rhode Island—furthering the firm’s footprint in the Northeast.
The 67,186 square-foot facility is leased to two leading providers: Ortho Rhode Island, a physician-owned practice with statewide reach, and Spire Orthopedics, the largest orthopedic platform in the region. Located in the Providence metropolitan area, the property supports a broad continuum of outpatient musculoskeletal care and reflects Montecito’s strategy of investing alongside high-performing physician groups in established medical markets.
“This acquisition underscores Montecito’s continued focus on quality,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical. “We’re building a portfolio that aligns with long-term healthcare trends—anchored by providers who deliver specialty-driven, community-based care in markets with durable demand.”
The Warwick facility adds to Montecito’s growing presence in the Northeast and reflects the firm’s continued focus on strategic acquisitions in established healthcare markets. With a portfolio spanning more than 35 states, Montecito remains disciplined in targeting high-quality assets backed by strong clinical operators and long-term healthcare fundamentals.
Ortho Rhode Island operates across eight locations and is recognized for its clinical leadership in orthopedic care, including early adoption of advanced surgical technologies and outpatient spine procedures. Spire Orthopedics includes more than 40 affiliated locations across Connecticut, New York, Massachusetts, and Rhode Island, offering scale and subspecialty depth across the region.
“As we continue to expand nationally, we’re focused on investing in properties that support innovation and improve access to care,” said Chip Conk, CEO of Montecito Medical. “This acquisition reflects the strength of our relationships with top-tier physician groups and reinforces our position as a trusted capital partner in the healthcare real estate sector.”
