Background
In June 2021, Hammes Partners acquired a 135,000-square-foot specialty surgical hospital and medical office building located in Evansville, Indiana. The building is 100% leased by a leading orthopedic practice in the region that is partnered with one of the largest healthcare systems in the U.S.
Challenge
Hammes Partners targeted a fully leased, specialty-surgical asset with an investment-grade orthopedic anchor and embedded health-system partnership — an opportunity for long-duration, mission-critical healthcare credit with tenant skin-in-the-game.
Solution
Hammes acquired the 135,000-square-foot specialty surgical hospital and medical office building in June 2021. The facility provides a full spectrum of orthopedic care including inpatient and outpatient surgery, urgent care, sports medicine, spine care, physical therapy, and imaging.
In addition to a long-term lease, the anchor practice has made a significant commitment by retaining a minority equity interest in the building — aligning tenant and owner interests over the lease term.
Project Milestones
- Acquired by Hammes Partners in June 2021.
- 100% leased to a leading regional orthopedic practice partnered with one of the largest U.S. healthcare systems.
- Long-term lease structure with anchor practice retaining a minority equity interest in the building.
- Full clinical spectrum: inpatient and outpatient surgery, urgent care, sports medicine, spine care, physical therapy, and imaging.
Value Delivered
Hammes Partners acquired a 100% leased, full-spectrum orthopedic specialty surgical hospital and MOB in Evansville against a long-term lease and a tenant minority equity co-investment — an alignment structure that pairs investment-grade healthcare credit with anchor-tenant operational commitment across inpatient surgery, outpatient surgery, urgent care, sports medicine, spine care, physical therapy, and imaging.
Frequently Asked Questions
What did Hammes Partners do for the Evansville specialty surgical hospital?
Hammes Partners acquired the 135,000-square-foot specialty surgical hospital and medical office building in June 2021. The asset is 100% leased to a leading regional orthopedic practice on a long-term lease, with the practice retaining a minority equity interest in the building.
Where is the Evansville specialty surgical hospital located?
The facility is located in Evansville, Indiana.
How large is the Evansville specialty surgical hospital?
The building totals 135,000 square feet and provides a full spectrum of orthopedic care including inpatient and outpatient surgery, urgent care, sports medicine, spine care, physical therapy, and imaging.
Who is the anchor tenant of the Evansville specialty surgical hospital?
The building is 100% leased by a leading orthopedic practice in the region that is partnered with one of the largest healthcare systems in the U.S. The practice has also retained a minority equity interest in the building.
When was the Evansville specialty surgical hospital acquired?
Hammes Partners acquired the facility in June 2021.
