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309 W Beverly Blvd Montebel...

Updated Oct 29, 2024

Adventist Health Acquires Beverly Community Hospital In Montebello For $39M
SOLDHospital

Adventist Health Acquires Beverly Community Hospital In Montebello For $39M

309 W Beverly Blvd Montebello, CA 90640, USA

$39,000,000

Building Size

—

Asset Type

Hospital

Closing

Sep 10, 2023

About this deal

AI

Adventist Health has acquired the financially distressed Beverly Community Hospital near Los Angeles, renaming it Adventist Health White Memorial Montebello. The hospital, located at 309 West Beverly Boulevard in the Montebello market, was purchased for $39 million. The transaction aims to revive critical care services and address the community's acute care needs amidst financial difficulties and government insurance constraints.

Summary of transaction details

  • Property Type: Hospital
  • Transaction Amount: $39,000,000
  • Address: 309 West Beverly Boulevard
  • Market: Montebello

Andrew Jahn represented Adventist Health in the acquisition of Beverly Community Hospital. The deal has allowed Adventist Health to expand its healthcare network and provide essential services to the Montebello community. The purchase of this hospital supports Adventist Health's mission to deliver quality healthcare and address the local population's healthcare needs.

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$39,000,000

Hospital

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Adventist Health
Adventist HealthBuyer
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Montebello Hospital Market Snapshot

Boundary boundary · Hospital · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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