The Surgery Center at Cranberry
Multi-Specialty Surgery Center | Cranberry Township, PA
Transaction Details
$7.7 million
Cranberry, PA
20,650 SF
Ambulatory Surgery Center
Investment Sale
Multi-Specialty ASC
Key Highlights
Property Overview
CREG Healthcare successfully represented the seller in the $7.7 million sale of The Surgery Center at Cranberry, a 15,200 square foot multi-specialty ambulatory surgery center in Cranberry Township, Pennsylvania, serving the greater Pittsburgh market.
Transaction Highlights
The Surgery Center at Cranberry represents a premier multi-specialty ASC in one of Pittsburgh's most affluent and rapidly growing suburbs. The facility features multiple operating rooms serving orthopedics, pain management, ophthalmology, and gastroenterology. Located in Cranberry Township's established medical corridor, the center benefits from excellent visibility, access, and proximity to high-income demographics.
Property Features
Multi-Specialty Platform
Multiple operating rooms serving diverse surgical specialties providing volume stability and operational efficiency.
Modern Facility
State-of-the-art ASC with advanced surgical equipment, modern HVAC and medical gas systems, and excellent patient amenities.
Strong Market
Cranberry Township represents one of Pittsburgh region's strongest markets with affluent demographics and limited ASC competition.
High Surgical Volumes
Well-established center with strong case volumes across multiple specialties providing stable operations and strong financials.
Why This Transaction Succeeded
- Multi-Specialty Appeal: Diverse specialty mix provided volume stability and attracted broad range of ASC-focused buyers.
- Market Quality: Cranberry Township's affluent demographics and strong commercial insurance penetration enhanced value.
- Facility Quality: Modern, well-maintained ASC with excellent equipment and infrastructure commanded premium pricing.
- Pennsylvania Market: Favorable Pennsylvania ASC regulations and strong healthcare utilization supported buyer confidence.
- Buyer Network: Targeted marketing to ASC management companies and surgery center investors generated competitive bidding.
Transaction Outcome
The Surgery Center at Cranberry sold for $7.7 million to a national ASC management company seeking to expand their Pennsylvania presence. The transaction demonstrated CREG Healthcare's expertise in marketing multi-specialty surgery centers by emphasizing facility quality, market demographics, and operational performance.
"CREG Healthcare's understanding of the ASC market and their relationships with national surgery center buyers resulted in a highly competitive process that maximized our property value."
Your Transaction Team
Work directly with our experienced managing partners who have closed billions in medical real estate transactions.
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