Fengate acquires 16 medical outpatient facilities in the United States

Fengate Asset Management (Fengate) is pleased to announce the expansion of its healthcare infrastructure portfolio with the acquisition of 16 medical outpatient facilities in the United States.

The acquisition brings the firm’s healthcare infrastructure portfolio to more than 80 facilities, totaling over $1 billion in assets. The facilities provide high-acuity healthcare services including ambulatory surgery, radiology, oncology, and orthopedics to communities across 10 states.

“This acquisition builds on our firm’s strategy of developing or acquiring specialized and essential healthcare infrastructure assets anchored by high-quality health systems or private operators,” said Mac Bell, Managing Director, Head of Social and Transportation at Fengate.

Fengate acquired the facilities alongside its partner, Montecito Medical.

Fengate is managing the investment on behalf of Fengate Infrastructure Fund IV and its affiliated entities, including an investment by the LiUNA Pension Fund of Central and Eastern Canada.