Sold: Baptist Health Cumberland Valley Surgical Center
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery located in Corbin, KY. The single-tenant ASC consists of 16,354 rentable square feet that is 100% leased and occupied by the practicing physicians in partnership with Baptist Health.
Accredited by the Accreditation Association for Ambulatory Health Care (AAAHC), Baptist Health Cumberland Valley Surgical Center offers a convenient alternative for outpatient surgery with advanced equipment, experienced staff and physicians, and access to top medical specialties and surgical procedures in one convenient location.
The ASC consists of three (3) licensed operating rooms and two (2) procedure rooms that are utilized by forty (40) credentialed physicians, with surgical specialties that include orthopedic surgery, ophthalmology, gastroenterology, general surgery, oral surgery, pediatric dentistry, pain management, gynecological, podiatry, and ocular plastics.
Corbin is situated midway between Knoxville, TN and Lexington, KY, providing exceptional regional access and patient coverage, as well as a convenient location for recruiting new physicians and staff to support the ASC’s continued growth. Further enhancing the stability of the ASC, Kentucky has a certificate-of-need (CON) program that limits healthcare providers from entering new markets without first gaining approval from state regulators.
Baptist Health Cumberland Valley Surgical Center is owned and operated by seven (7) physician-owners in partnership with Baptist Health, which employs more than 23,000 people in Kentucky and surrounding states. In addition, the ASC is affiliated with Baptist Health Corbin, a 273-bed acute and skilled care hospital that offers a broad spectrum of healthcare services for the residents of southeastern Kentucky.
Representative Transactions
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