Big Sky Asset Management LLC, a Dallas-headquartered healthcare real estate investment and asset management platform, has announced the acquisition of HealthCap Partners LLC, a Dallas-based healthcare real estate development and investment firm.
Established in 1996 as The Cirrus Group, LLC and later operating as HealthCap Partners, the acquired firm owned more than 150 healthcare properties across 28 states, spanning medical outpatient buildings, ambulatory surgery centers, specialty hospitals and senior housing communities.
The financial aspects of the deal were not disclosed. As part of the transaction, Healthcap President Nikki Matthews will join Big Sky’s acquisitions team as a director.
Big Sky’s CEO Jason Signor previously served as vice president and led a dozen medical outpatient developments as well as the asset management team during his tenure at Cirrus, while Senior Director of Property Management Kelli Fairall served as senior property manager from 2006 to 2009.
“The Cirrus Group is where I got my start developing medical outpatient buildings, and it remains an important part of my professional story,” said Signor. “I had the honor of working with exceptional mentors and role models there, including Bill Hutchison Jr. and Jason Dodd, whose innovation in ambulatory surgery centers and physician-owned hospitals helped pave the way for institutional capital in healthcare real estate. Bringing HealthCap into the Big Sky platform is meaningful not only because of the firm’s history, but because of the people, relationships and entrepreneurial spirit behind that history.”
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