MedProperties Acquires PAM Health Rehabilitation Hospital In Nokomis For $34.3M

Dallas private equity firm MedProperties has purchased the newly constructed PAM Health Rehabilitation Hospital of Venice in south Sarasota County for $34.3 million. The 50,000 sq ft facility, located near Sarasota Memorial Hospital’s Venice campus, was previously owned by an LLC linked to Catalyst Health Care Real Estate.

Summary of transaction details

• Property Type: Hospital
• Transaction Amount: $34,300,000
• Square Footage: 50,000 sq ft
• Price per Square Foot: $686
• Date: 01/21/2024
• Address: 2639 Curry Lane, Nokomis
• Buyer: Darryl E. Freling - MedProperties
• Seller: Chad Henderson - Catalyst Health Care Real Estate

MedProperties, a Dallas private equity firm, has acquired the newly constructed PAM Health Rehabilitation Hospital of Venice in south Sarasota County. The 50,000 sq ft facility was sold for $34.3 million. Located near Sarasota Memorial Hospital’s Venice campus, the hospital was previously owned by an LLC associated with Catalyst Health Care Real Estate.