Industry Bulletins | April 19, 2017
Care Capital Properties To Acquire Six Behavioral Health Hospitals
Care Capital Properties (CCP) has entered into an agreement to acquire six behavioral health hospitals from Signature Healthcare Services for $400 million. In total, the six hospitals offer 712 beds in three states (Arizona, California, and Illinois). The deal comes with a commitment to fund up to $50 million in expansion and improvements on the properties, and the option to purchase one additional building, starting in the fourth quarter of 2018.
CCP acquisition properties include:
- Aurora Charter Oak Hospital in Covina, CA;
- Aurora Vista del Mar Hospital in Ventura, CA;
- Aurora San Diego Hospital . . .