A Dallas private equity firm specializing in medical buildings has bought a property in south Sarasota County.

MedProperties bought the newly constructed PAM Health Rehabilitation Hospital of Venice for $34.3 million.

The two-story, 50,000-square-foot building is at 2639 Curry Lane, just shy of two miles from Sarasota Memorial Hospital’s Venice campus.

The previous owner was an LLC tied to Catalyst Health Care Real Estate in Pensacola. Sarasota County property records show Catalyst paid $1.25 million for the land in 2021. According to a June news release from Catalyst, the rehab hospital is a partnership between Pennsylvania-based PAM Health and Kettering Health and has 62 beds “catering to patients in need of complex care.”

MedProperties, according to its website, has spent more than $1.2 billion to develop or buy more than 100 projects totaling 4 million square feet in 23 states.

Source:  Business Observer