FOR IMMEDIATE RELEASE
Nashville, Tenn. — Montecito Medical, one of the nation’s most active investors in medical outpatient real estate, has acquired a 14,247-SF property in Bentonville, Arkansas.
The newly constructed building is fully occupied by GI Alliance, a nationwide organization of gastroenterology providers.
“We are excited to build on our well-established real estate partnership with GI Alliance as we execute on our strategy of acquiring assets from leading specialty providers in growth markets with attractive fundamentals,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
GI Alliance is the largest physician-led gastroenterology organization in the United States, operating more than 345 practice locations across 21 states with over 1,100 physicians and 135 affiliated ambulatory surgery centers (ASCs). Cardinal Health, one of the largest and most financially robust companies in U.S. healthcare, owns a majority stake in GI Alliance.
“With this acquisition, we continue to expand our investment footprint in Northwest Arkansas and remain pleased with the opportunities we are seeing in this market area and across the Sunbelt,” said Chip Conk, CEO of Montecito Medical.
