Bahrain's GFH buys U.S. clinics portfolio worth around $400 million
11 Oct 2022
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DUBAI, Oct 11 (Reuters) - Bahrain-based investment company GFH Financial Group said on Tuesday it bought its second portfolio of U.S. medical clinics, valued at around $400 million.
The portfolio of 11 assets are in California, Texas, Maryland and Louisiana, GFH said in a statement.
It is anchored by "investment-grade credit tenancy" through Baylor Scott & White, Texas A&M Health Science Center, Texas Tech University, Memorial Hermann and Tidal Health, it added.
"The investment capitalizes on the joint venture partnership with Big Sky Medical," it said, adding both firms' interests align in investing in the "high-demand and downturn-resistant medical sector."
GFH said it now has a portfolio of assets in the U.S. medical office building sector valued at around $1 billion.
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