Windrose Buys Northeast Oklahoma Rehabilitation Hospital

Windrose Medical Properties Trust, a Real Estate Investment Trust based in Indianapolis, has acquired three specialty hospitals for an aggregate consideration of $26.2 million.

Among those is Northeast Oklahoma Rehabilitation Hospital, a 60-bed physical rehabilitation hospital located in Tulsa. Built in 1992, the one-story building contains 58,274 rentable square feet and is located on seven acres of land.

The other acquisitions are located in Louisiana and Texas and all totaled, represent more than 169,000 rentable square feet. Each hospital is subject to a separate long term master lease to affiliates of RehabCare Group, Inc. of St. Louis, MO., a leading provider of rehabilitation program management services for hospitals, nursing homes and other long-term care facilities.

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