MedCraft Investment Partners in conjunction with its longtime partner, Harrison Street, is proud to announce the successful acquisition of the Sisters Grove Medical Pavilion, a premier 108,204-square-foot medical outpatient facility located on the campus of CommonSpirit Health’s St. Francis Hospital in Colorado Springs, Colorado.
Strategically positioned, Sisters Grove Medical Pavilion is directly connected to the 257-bed St. Francis Hospital. The Class A medical outpatient building serves as an essential healthcare hub in Northern Colorado Springs, anchoring a growing submarket in the region. Its direct connectivity to the hospital allows seamless transition for providers and patients alike and is expected to enhance the overall delivery of care and provide a comprehensive healthcare experience.
The Sisters Grove Medical Pavilion offers a range of specialty healthcare services. It features an 8-operating-room, multi-specialty ambulatory surgery center managed by Audubon Ambulatory Surgery Center, a joint venture between USPI and local physicians. Additionally, the pavilion houses Penrad Imaging, the leading imaging provider in the Pikes Peak region, which operates a full-service imaging center. The facility also includes various multi-specialty tenants, including women’s health services, and is anchored by CommonSpirit Health (Fitch Rating of A-).
“MedCraft is pleased to continue its partnership with CommonSpirit Health through the acquisition of the Sisters Grove Medical Pavilion,” said Jon Lewin, Principal at MedCraft. “This acquisition aligns with our strategy of investing in high-quality healthcare facilities in growing markets and supporting health systems in delivering exceptional patient care to their communities.”
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