Montecito Medical Acquires Portfolio of Orthopedic Properties in Southeast Pennsylvania

Montecito Medical has completed the acquisition of two orthopedic medical office properties in East Norriton and Pottsville, PA.

The buildings are fully occupied under long-term lease by Premier Orthopaedics. The newly constructed East Norriton property opened earlier this year. With over 35 locations in the Greater Philadelphia region, Premier Orthopaedics is the area’s dominant practice group in its specialty.

“We are excited about the opportunity to acquire these two well-positioned buildings, one of which is brand new, and to work with the physicians of this market-leading orthopedic practice,” said Tyler Rhoades, Director of Acquisitions at Montecito Medical. 

Earlier this year, Montecito also acquired two other medical office properties in eastern Pennsylvania. “We remain excited about the market fundamentals of the Philadelphia area and look forward to working with other medical office owners here to help them make the most of their real estate,” said Chip Conk, CEO of Montecito Medical. 



About Montecito Medical
Montecito Medical is one of the nation’s largest privately held companies specializing in healthcare-related real estate acquisitions and partnering with physicians and developers to fund development of medical real estate. The company also supports providers with a suite of AI-powered technology solutions that increase revenues, reduce costs and build physician wealth. Since 2006, Montecito has completed transactions involving more than $5 billion in medical real estate. Headquartered in Nashville, TN, the company was named for five consecutive years as a “key influencer in healthcare real estate” by GlobeSt.com and the editors of Real Estate Forum. For more information, please visit www.montecitomac.com.

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