Caddis Acquires Surgery Center in Temple, TX
April 27, 2012 TEMPLE, TX – Caddis Partners, LLC has acquired the 10,400 square-foot Surgery Center of Temple, located on the campus of the recently opened Scott & White Children’s Hospital. Scott & White is an A+ bond-rated health care system based in Temple, Texas. Caddis Partners assumed in-place debt as a means toward closing the transaction, and will provide management services for the property.
Surgery Center of Temple, built in 2008, is located less than one mile southwest of Scott & White Memorial Hospital, along Southwest H K Dodgen Loop and west of S. 31st Street, both major thoroughfares in Temple.
The property is 100% leased to Surgery Center of Temple, LLC. The tenant is owned by referring physicians and a related entity to the Seton Medical Center – Harker Heights, slated to open in June of this year. Seton Medical Center – Harker Heights is a joint venture between Seton and LHP Hospital Group of Plano, Texas.
About Caddis Partners, LLC – Caddis Partners, LLC is a Dallas-based real estate development, management, and investment firm specializing in the healthcare industry. With its extensive knowledge of medical operations combined with its real estate expertise, Caddis Partners provides its physician and operations clients with an unparalleled platform of healthcare real estate services.