Northwest Florida Surgery Center

Property Overview

CREG Healthcare successfully represented the seller in the $7.2 million sale of Northwest Florida Surgery Center, a 14,200 square foot multi-specialty ambulatory surgery center in Panama City, Florida, serving the Northwest Florida coastal region.

Transaction Highlights

Northwest Florida Surgery Center represents a premier outpatient surgical facility in the Panama City market. The center features multiple operating rooms serving orthopedics, pain management, ophthalmology, and gastroenterology. Panama City's position as a regional healthcare hub for Northwest Florida's coastal communities, combined with strong tourism and retirement demographics, creates consistent demand for outpatient surgical services.

Property Features

Why This Transaction Succeeded

• Coastal Demographics: Strong retirement and tourism activity in Northwest Florida coastal market enhanced long-term value.
• Multi-Specialty Platform: Diverse specialty mix provided volume stability attractive to ASC investors.
• Regional Position: Panama City's role as regional healthcare hub created stable demand for surgical services.
• Florida ASC Market: Favorable Florida regulations and strong commercial insurance penetration supported buyer confidence.
• Marketing Strategy: Targeted campaign to ASC management companies and surgery center investors generated competitive offers.

Transaction Outcome

Northwest Florida Surgery Center sold for $7.2 million to an ASC management company seeking to expand their Florida presence. The transaction demonstrated CREG Healthcare's ability to successfully market surgery centers in coastal markets by emphasizing demographic trends, regional market position, and operational performance.