Updated Oct 19, 2026
Duke Health Acquires Lake Norman Regional Medical Center From Community Health Systems For $284M
171 Fairview Road
$284,000,000
Units
123
Asset Type
Hospital
Closing
Apr 2, 2025
About this deal
AI
The transaction involves a hospital asset located at 171 Fairview Road, Mooresville, NC. The sale price for the property was $284,000,000, and it consists of 123 units, equating to a price per unit of $2,308,943.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $284,000,000
- Buyer: Duke Health
- Seller: Community Health Systems
- Units: 123
- Price Per Unit: $2,308,943
Duke Health has acquired Lake Norman Regional Medical Center from Community Health Systems, renaming it Duke Health Lake Norman Hospital. The acquisition aims to enhance local healthcare services and will integrate the facility’s electronic medical records with Duke Health, improving access to specialty care in North Carolina.
On the Map
$284,000,000
Hospital
View full map
Players
Mooresville Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
Loading comparables…
Deal FAQ
Browse Mooresville hospital sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93