Healthcare real estate development firm Catalyst CRE recently acquired the real estate holdings of northwest Florida-based White-Wilson Medical Center.
The acquisition-leaseback deal includes 8 buildings and more than 144,000 square feet, purchased for nearly $31.3 million. The facilities will be leased back to White-Wilson, while the medical group continues to focus on patient care and expanding their footprint in the Florida panhandle.
In addition to the lease-buyback deal, Catalyst CRE will also consult with White-Wilson to plan, create, optimize and maintain (PCOM) their future growth and expansion. Though White-Wilson is already one of the largest multi-specialty physician groups on the Emerald Coast, the partnership with Catalyst CRE will allow the medical group to expand and deepen their patient services and geographic area, while still maintaining top standards of care.
“This partnership allows White-Wilson Medical Center to fully focus on what matters most, our patients,” said White-Wilson CEO Alan Gieseman. “As we move into a new era of healthcare, we are positioned for future growth and expansion. We are committed to ensuring that our patients have access to quality, value-based care close to home, and we look forward to welcoming new physicians, new technology and new service lines to our area.”
Chad Henderson, CEO of Catalyst CRE noted that White-Wilson’s expanded presence would bring more options and access to patients.
“As a successful multi-specialty physician group on the Emerald Coast, White-Wilson has led the way in providing integrated, comprehensive care across multiple facilities and locations,” said Henderson.
“With this new partnership, White-Wilson is well-capitalized to grow into the future and continue providing quality care across northwest Florida. We look forward to bringing the entire PCOM suite of Catalyst CRE services to White-Wilson to help them plan, create, optimize and maintain their health facilities network to create better access which results in quality outcomes,” Henderson continued.
White-Wilson Medical Center first began in 1946 when Dr. Henry C. White opened the first doctor’s office in Fort Walton Beach. When his medical school classmate, Dr. Joseph C. Wilson, joined the practice a few years later, White-Wilson was officially formed.
In the years since, White-Wilson has continued to grow and provide care for specific, defined needs within the community by building any array of advanced facilities.
“Since we got our start in 1946, we have been a growing team of healthcare providers, committed to meeting our community’s changing needs. Our partnership with Catalyst CRE allows us to maintain our place in the heart of the communities we serve, adapt to industry changes and continue to meet the area’s healthcare needs,” said Gieseman.
“They share our physicians’ commitment to ensuring access to high-quality health care and understand what it takes to consistently improve outcomes and set the bar for patient care.”
Catalyst CRE is one of the nation’s fastest-growing healthcare real estate development firms. With a focus on healthcare facilities, Catalyst CRE provides a corporate service group platform to healthcare providers, independent physician groups and networks, and healthcare systems. Based out of Pensacola, Florida, the firm manages over 2 million square feet of healthcare real estate in 8 states across the United States.