BGL Real Estate Partners Announces the Sale of Mississippi Coast Endoscopy & Ambulatory Surgery Center and Meridian Surgery Center

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Feb 21, 2018, 09:17 ET

CHICAGO, Feb. 21, 2018 /PRNewswire/ -- BGL Real Estate Partners ("BGLREP"), a division of Brown Gibbons Lang & Company ("BGL"), is pleased to announce the real estate sale of Mississippi Coast Endoscopy & Ambulatory Surgery Center and Meridian Surgery Center, which combined, total approximately 33,700 square feet. BGLREP's National Healthcare Real Estate Group served as the exclusive advisors to the sellers in the transaction.

BGLREP a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the real estate sale of Mississippi Coast Endoscopy & Ambulatory Surgery Center and Meridian Surgery Center, which combined, total approximately 33,700 square feet. BGLREP’s National Healthcare Real Estate Group served as the exclusive advisors to the sellers in the transaction.

The Mississippi Coast Endoscopy & Ambulatory Surgery Center, which consists of approximately 18,500 rentable square feet, is a multi-specialty center located in Pascagoula, Mississippi. The medical office building and state-of-the-art surgery center serves as a strategic outpatient location for the practicing physicians and Singing River Health System, a county-owned community health system of Jackson County, Mississippi.

Meridian Surgery Center and the connected affiliated medical office building, consisting of approximately 15,193 rentable square feet, is located adjacent to the 215-bed Rush Foundation Hospital and the 400-bed Anderson Regional Medical Center North, providing convenient access and outpatient care for the residents of East Central Mississippi and West Central Alabama.

About BGL Real Estate Partners
BGL Real Estate Partners, a division of Brown Gibbons Lang & Company, is a leading national advisor in healthcare real estate, specializing in providing healthcare real estate owners with tailored transaction strategies, including debt and equity recapitalization, sale-leasebacks, partial sale-leasebacks, tax deferred transactions, such as an UPREIT or a §1031 like-kind exchange, as well as an outright sale or equity recapitalization that enables owners to capitalize on current investment demand and historically high valuations while retaining a reduced level of real estate ownership.

About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.

SOURCE Brown Gibbons Lang & Company