Montecito Medical buys surgical facility in Ohio
May 3, 2021
Montecito Medical has completed the acquisition of an outpatient-oriented surgical facility in the Cleveland suburb of Beachwood, Ohio.
Beachwood Medical Center, which was built in 2019, encompasses 69,800 square feet and is 100 percent leased to an operating entity owned predominantly by two market-dominant health systems, Lake Health and University Hospitals.
The surgical facility specializes in orthopedics, urology, spine, general surgery and pain management. Most of the hospital’s surgeries are performed on an outpatient basis, with elective procedures representing 75 percent of the surgical volume.
The two-story facility, which also offers physical therapy, advanced imaging and a 24/7 emergency department, includes eight operating rooms, two procedure rooms and 25 patient beds. The hospital has a medical staff of more than 200, including 56 operating physicians.