IRA Capital Acquires CHRISTUS Health Surgical Hospital for $42 Million
January 5, 2022, Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of Christus Surgical Hospital, an 84,000 square foot, 24-bed multi-specialty surgical hospital in Alexandria, Louisiana. Built-in 2010, the five-star medical facility has 12 operating rooms and is 100% leased to Central Louisiana Surgical Hospital (“CLSH”), a joint-venture that is majority-owned by CHRISTUS Health in partnership with the surgical hospital physicians. The hospital offers the most advanced surgical options including the first robotic-assisted knee surgery in Central Louisiana. Additional services include a full laboratory, pharmacy, dietary services, and a complete radiology suite with the most advanced equipment including CT, general radiology, ultrasound, an open MRI, and the first and only 3 Tesla MRI in Central Louisiana.
With over 75 specialized physicians and 270 staff, CLSH offers care and surgical options in multiple medical specialties including orthopedics, gastroenterology, ENT, gynecology, neurosurgery, ophthalmology, oral surgery, orthopedics, pain management, plastic surgery, podiatry, urology, and general surgery. The facility has been consistently ranked number one in patient satisfaction for the region with 24/7 long-term recovery care for patients that require overnight and extended stays. CLSH is strategically located less than a mile from Alexandria’s leading acute-care hospital, the 375-bed Rapides Regional Medical Center.
CHRISTUS health system operates an extensive network of 15,000 physicians in over 600 locations. Their expansive medical infrastructure offers nearly 60 specialized programs and services to a customer base spanning throughout the southern United States. The CHRISTUS-CLSH partnership was announced in April of 2021 as part of the health system’s continued growth of its outpatient strategy. The partnership is expected to accelerate the facility’s long-term growth due to the integration of CHRISTUS’ operational support and its vast network.
Surgery centers including surgical hospitals have comprised a large part of IRA’s recent acquisitions. According to IRA Capital co-founder Amer Kasm, “The CHRISTUS Surgical Hospital acquisition is representative of our medical office acquisition strategy, which is heavily focused on acquiring critical-operation medical facilities that promote better healthcare outcomes in the communities they serve. CHRISTUS’ ability to enhance the range and quality of services at CLSH provides a large benefit to Central Louisiana’s population, and IRA is proud to play a role in improving the healthcare delivery model and supporting healthcare providers that deliver much-needed services in areas like Central Louisiana.” IRA Capital continues to be among the most active private healthcare real estate investors in the country. The CHRISTUS Surgical Hospital acquisition represents IRA’s seventh surgical facility acquisition in the past few months.
About IRA Capital
IRA Capital is a Southern-California based private equity firm founded in 2010 that invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions and family offices. IRA invests in commercial real estate assets throughout the United States, and also has a private equity/venture capital platform that invests in operating companies across various sectors. Headquartered in Irvine California, IRA has acquired over six million square feet of property in 30 states, valued in excess of $2.5 Billion.
For more information, please contact:
Danielle de Souza, IRA Capital Corporate Communications
firstname.lastname@example.org / 949.612.2742
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