Medistar sells Medical Behavior Hospital of Indianapolis
Medistar announced that it has sold the Medical Behavioral Hospital of Indianapolis, a 64-bed, 42,609-square-foot inpatient behavioral facility located in the Indianapolis metro suburb of Greenwood, Ind.
JLL worked on behalf of the seller and arranged acquisition financing for the buyer.
Recently constructed in 2022, the facility offers general acute care psychiatric services for a medically complex patient population. It is the second location in Indianapolis NeuroPsychiatric Hospitals (NPH), a provider of inpatient behavioral health services with seven hospitals open today.
The Medical Behavioral Hospital of Indianapolis features 64 beds and is leased under a long-term absolute net lease with 19 years of remaining lease term. The hospital, located along Interstate 65 and in close proximity to the 209-bed St. Francis Hospital and Health Center, serves as an important strategic expansion for NPH to address the growing demand for behavioral medical care in the So